The price of ethylene oxide decreased by 300 yuan / ton on Monday. After adjustment, the ex factory price of mainstream East China was 7500 yuan / ton.
The spot price of upstream coal is stable and strong, the domestic spot supply of ethylene is in short supply, the epidemic situation in Japan and South Korea is still severe, and the unloading speed of Inbound Goods slows down. In addition, GS Caltex closed its cracking unit on August 27, 2021, and the cracking unit of Fujian Gulei Petrochemical stopped on August 29 due to technical difficulties. At present, it is still under commissioning, and the downstream purchasing sentiment of ethylene has increased, Ethylene prices at home and abroad have increased to varying degrees. For ethylene oxide, the cost side support is strong.
In terms of downstream monomers, the quotation of Hubei Lingan remained stable this week, but the actual transaction price was reduced. The quotation of Shanghai Dongda was reduced from 9100 yuan / ton at the beginning of the week to 8800 yuan / ton at present. The quotation of Sanjiang parking will not be made in January. The price of the single market has been falling for a long time, and the news of Sanjiang parking has slightly led to the rise of the market. The suppliers have a strong willingness to support the price. Today, the transaction price of the single market has increased slightly by about 50-100 yuan. But on the whole, the market wait-and-see atmosphere is still strong, and the later trend is still uncertain.
In terms of ethylene oxide, Sanjiang parking may have a certain impact on ethylene oxide resources in East China, but the overall impact is limited. At present, the supply in North China is slightly abundant, and the rising cost of raw materials has squeezed the profit space of ethylene oxide. Based on the current price of ethylene in Northeast Asia of US $1065 / ton, ethylene oxide manufacturers have produced at a discount, and the National Day holiday is approaching, Some manufacturers may cut production plans.
Under the long short game, the dynamics of ethylene oxide rise and fall are insufficient, so it is necessary to pay close attention to the fluctuation of raw material price.
| PVA |