The price of ethylene oxide remained stable this week, and the price in East China was 7800 yuan / ton.
Upstream, ethylene prices in Northeast Asia rose today, mainly driven by hurricanes in the United States (expected to affect about 6.4 million tons of ethylene production capacity, accounting for 16% of the total production capacity in the United States) and concerns about the epidemic situation in Asia, as well as the steady rise of crude oil, which provided strong support for the cost side. For EO production enterprises that export ethylene, the supply of raw ethylene is insufficient, and they may face delayed start-up or low load operation. According to the current ethylene price, the profit margin of ethylene oxide is about 400 yuan. In terms of downstream monomers, the market generally has a low willingness to receive goods, the demand side continues to be weak, the contradiction between supply and demand increases, monomers sell goods at a profit, while the terminal continues to lower the price, resulting in a continuous decline in the monomer market. At present, the monomer market price is mostly around 8600-9000, and the market looks hollow step by step.
It is temporarily stable in the short term and is expected to weaken in the middle and later period.
| PVA |