Price trend

In May 2024, the price of ethylene oxide remained stable and the price gradient increased within the year. According to data from SunSirs, as of May 10th, the average market price of ethylene oxide in China was 7,000 RMB/ton, an increase of 9.38% compared to the market average price of 6,400 RMB/ton at the beginning of the year.

Analysis review

Some downstream products prices loosened

As of May 10th, the industrial chain was in a state of poor cost oriented transmission. After the upstream raw material ethylene price rose, it remained at a relatively high level, but some downstream product prices slightly fell. Coupled with the main downstream polycarboxylate water reducing agent monomer prices remaining stable, the demand support for ethylene oxide was general.

On the demand side: Furfuryl alcohol is mainly used for the production of furfural resin, furan resin, furfuryl alcohol urea resin, phenolic resin, etc; It is also used to prepare fruit acids, plasticizers, solvents, and rocket fuels; It is also widely used in industrial sectors such as dyes, synthetic fibers, rubber, pesticides, and casting.

Market outlook

Under the support of cost, the price of ethylene oxide may continue to remain strong, but in the later stage, with the resumption of production of early maintenance equipment, there was an expected increase in supply side pressure, with significant upward pressure. Coupled with the unsatisfactory transmission of downstream product prices, the ethylene oxide market will mainly consolidate and stabilize in the short term.

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