SunSirs: The Price of Ethylene Oxide Increased in February
March 04 2024 15:01:05 SunSirs (John)
Summary of prices for ethylene oxide in February
In February, the price of ethylene oxide slightly increased by 1.52%. According to data from SunSirs, as of February 29th, the average market price of ethylene oxide in China was 6,700 RMB/ton, an increase of 100 RMB/ton compared to before the holiday; From a regional perspective, the epoxy ethane market in East China was priced at 6,700 RMB/ton externally; The listed price of ethylene oxide in the South China market was 6,800 RMB/ton; The listed price of ethylene oxide in North China was 6,700 RMB/ton; The listed price of ethylene oxide in the central China market was 6,750 RMB/ton.
Overview of the ethylene oxide industry chain
The correlation between the price increase of ethylene oxide in February and the demand of downstream polycarboxylate water reducing agent monomer enterprises was not high. This was mainly due to the increase in upstream raw material ethylene prices, which increased the cost pressure on ethylene oxide enterprises and transmitted the rising water to ethylene oxide. The price of ethylene glycol, a related product, had remained volatile at a high level after an earlier increase, which had also given positive expectations to the supply side of ethylene oxide.
Market outlook
The demand for downstream products of ethylene oxide may have positive expectations with the start of terminal real estate construction. The supply side was affected by factors related to production conversion, resulting in an improvement in supply expectations. It is expected that the price of ethylene oxide will fluctuate to be stronger in March.
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