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SunSirs: This Week, the Price of Ethylene Oxide Slightly Rebounded, with a 1.54% Increase During the Week

January 30 2024 10:04:42     SunSirs (John)

Overview of prices for ethylene oxide in January

This week, the price of ethylene oxide slightly increased, with a 1.54% increase during the week. According to data from SunSirs, as of January 26th, the average market price of ethylene oxide in China was 6,600 RMB/ton, an increase of 100 RMB/ton from last week; From a regional perspective, the ethylene oxide market in East China was priced at 6,600 RMB/ton externally; The listed price of ethylene oxide in the South China market was 6600 RMB/ton; The listed price of ethylene oxide in North China was 6,600 RMB/ton; The listed price of ethylene oxide in the central China market was 6600 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.

Since mid to late December 2023, the price of ethylene glycol had remained strong, and some factories had begun to operate the appropriate conversion of ethylene glycol.

Market outlook

The demand for downstream products of ethylene oxide remained stable, and recently, ethylene oxide had been operating steadily. The supply side was affected by factors related to production conversion, resulting in an improvement in supply expectations. The main downstream industries were starting construction, and it is expected that the price of ethylene oxide will fluctuate to be stronger in the short term.

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