Price trend of ethylene oxide
| Gamma Polyglutamic Acid |
According to the data of the business society, the average price of ethylene oxide in the domestic spot market on October 21 was 7200 yuan/ton, down 4% from the average market price of 7500 yuan/ton at the beginning of the month (10.1); It was 12.79% higher than the average market price of 6383.33 yuan/ton on August 1.
Overview of ethylene oxide industry chain
In terms of cost, the price of raw ethylene has fallen recently. On October 20, the CIF middle price of ethylene in Southeast Asia was 880 dollars/ton, down 20 dollars/ton from the CIF middle price of Southeast Asia on October 3.
Downstream demand, the price of polycarboxylic acid superplasticizer monomer in the main downstream has been greatly reduced. Affected by poor terminal demand, the market is lack of confidence. At present, the loss of polycarboxylic acid superplasticizer monomer has expanded, the enthusiasm of enterprises for production has decreased, and the demand for ethylene oxide has been balanced.
Fundamentals Overview
On the supply side, since October, the 300 thousand ton ethylene oxide unit in Selbang has been shut down. In terms of new capacity, 730000 tons of satellite petrochemical has been released and operated under low load; Gulei device was fed on October 11; The 168000 ton unit of Sinopec Shanghai operates normally; Weekly output rose slightly month on month.
On the supply and demand side, the terminal demand is placed in the real estate industry, and the demand for polycarboxylic acid water reducer monomer, one of the main downstream players, is expected to be poor, generally showing strong supply and weak demand.
Future market forecast
On the whole, the market pattern of ethylene oxide tends to be generally strong in supply and weak in demand. It is expected that the supply side will increase significantly with the restart of devices and the increase of new capacity. The weak expectation of the downstream market will depress the price of ethylene oxide, which is expected to be weak and stable in the short term.
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