The price of ethylene oxide was strong in March
| Thiourea |
According to data from Business News Agency, on March 29, 2023, the average spot market price of ethylene oxide in China was 7200 yuan/ton, up 2.86% from the beginning of the month; Compared to the beginning of the year, the price was 6800 yuan/ton, up 5.88%.
Overview of ethylene oxide industry chain
The terminal demand has improved, and the price of the main downstream polycarboxylic acid water reducing agent monomer has rebounded. On the one hand, after the holiday, the resumption of production and construction of terminal real estate has started, and the production enthusiasm of polycarboxylic acid water reducing agent monomer enterprises has increased, increasing the demand for ethylene oxide.
Aftermarket Forecast
The price of raw material ethylene is relatively strong, with strong cost support for ethylene oxide currently; The main downstream polycarboxylic acid water reducing agent monomer market is improving, and the demand for ethylene oxide is expected to improve. It is expected that the price of ethylene oxide will continue the current trend in the short term, with strong fluctuations operating mainly.
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