Price trend of ethylene oxide in December
According to the data of the business cooperative, the average price of ethylene oxide in the domestic spot market on December 21 was 6800 yuan/ton, which was the same as the average price at the beginning of the month (12.1); It was 9.33% lower than the average market price of 7500 yuan/ton on October 1.
The listing price of ethylene oxide in various regions of China was basically stable, and the factory listing price of mainstream markets in various regions was as follows:
The ethylene oxide market in East China is 6800 yuan/ton; Ethylene oxide market in South China is 6800 yuan/ton; The listing price of ethylene oxide market in central China is 6800 yuan/ton; The listed price of ethylene oxide in North China is 6800 yuan/ton, and that of some manufacturers in Northeast China is 6600 yuan/ton.
Overview of ethylene oxide industry chain
The price of ethylene oxide was dragged down by the downstream. After the price was lowered in October, it was weak and stable.
Fundamentals Overview
On the cost side, the price support of raw ethylene is relatively weak; At the current supply end, except for long-term shutdown devices in the early stage, the devices currently in production are basically operating normally, and the load is adjusted as required. In October, a new 730000 tons of devices were put into operation in Satellite Petrochemical, and the domestic ethylene oxide production capacity rose to 7.51 million tons. At present, the capacity operation rate is about 60%. The overall supply is still loose. In terms of demand, the downstream demand is weak. The demand for polycarboxylic acid water reducer monomer in the main downstream is expected to weaken greatly due to insufficient terminal building construction conditions. At present, the inventory of polycarboxylic acid water reducer monomer enterprises has accumulated to a medium high level, the enthusiasm of enterprises for production has declined, and the purchasing atmosphere for ethylene oxide is weak.
Future market forecast
The terminal demand is weak and the demand is restrained. Ethylene oxide mainly operates weakly in the short term.
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