Ethylene oxide price fell 3.17% in one day

According to the data of SunSirs, the average price of domestic ethylene oxide spot market on January 28, 2023 was 6,100 RMB/ton, down 10.29% from the average price of ethylene oxide spot market at the beginning of the month (1.1) of 6,800 RMB/ton.

Analysis review

At present, the listing price of ethylene oxide in all regions of China is stable:

The external price of ethylene oxide market in East China is 6,100 RMB/ton, and the price quoted by some manufacturers is 6,400 RMB/ton; The ethylene oxide market in South China is 6,100 RMB/ton; The listing price of ethylene oxide in central China is 6,100 RMB/ton; The listed price of ethylene oxide in North China is 6,100 RMB/ton.

On the whole, the weak demand of the main downstream polycarboxylic acid water-reducing agent monomer is the main reason for the weak and stable price of ethylene oxide.

On the demand side, the construction conditions before and after the Spring Festival in January are insufficient, and the terminal demand is weak, resulting in the strong supply and weak demand pattern of ethylene oxide. The actual terminal demand starts to move down, and the demand for the main downstream polycarboxylic acid water-reducing agent monomer is expected to move down. In addition, the current inventory of polycarboxylic acid water-reducing agent monomer enterprises has accumulated to a medium-high level, and the operating rate of enterprises has decreased, and the atmosphere for ethylene oxide procurement is weak.

At the supply side, ethylene oxide production capacity is relatively stable, the price of raw material ethylene changes little, and the support of cost is limited at present.

Market outlook

The price of raw material ethylene is weak and stable, the terminal demand is weak, and the downstream demand is restrained. The main downstream polycarboxylic acid water reducer monomer market is facing the Spring Festival holiday, the terminal real estate operating rate moves down, and the demand for ethylene oxide is expected to weaken. It is expected that the relationship between supply and demand will be difficult to reverse in the short term, and the ethylene oxide price will be dominated by weak operation.

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