SunSirs: The Price of Ethylene Oxide Remained Weak and Stable in December, Making It Difficult for Prices to Improve in January
January 04 2024 14:37:40 SunSirs (John)
Overview of ethylene oxide prices in December
In December, the price of ethylene oxide remained stable. According to data from SunSirs, as of December 29th, the average price of ethylene oxide in the domestic market was 6,400 RMB/ton; From a regional perspective, the epoxy ethane market in East China was priced at 6,400 RMB/ton externally; The listed price of ethylene oxide in the South China market was 6,500 RMB/ton; The listed price of epoxy ethane in North China was 6,400 RMB/ton; The listed price of epoxy ethane in the central China market was 6,400 RMB/ton; The listed price of ethylene oxide in Northeast China was 6,300-6,350 RMB/ton.
Overview of the ethylene oxide industry chain
The main downstream polycarboxylate water reducing agent monomer enterprises had low inventory, relatively stable production, and relatively stable demand for ethylene oxide. The rest of the downstream enterprises mainly operated steadily; From the recent upstream and downstream product prices, it can be seen that downstream prices had started to rise, increasing profit margins and strengthening support for the price of raw material ethylene oxide in the short term.
Market outlook
The demand for downstream products of ethylene oxide remained stable, and recently, ethylene oxide had been operating steadily. Jiangsu Silbang device may restart, with limited increment nationwide. The main downstream industries had not undergone significant changes in production, with stable orders being the main focus. It is expected that the price of ethylene oxide will remain weak and stable in the short term.
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