Price Trend

The ex-factory price of ethylene oxide is 8000 yuan/ton in East China, 8200 yuan/ton in South China and North China, and 8100 yuan/ton in Central and Northeast China. The executive price of Lianhong Group is 8,200 yuan/ton, while that of Srbang, Jiangsu Province is 8,000 yuan/ton.

2. Products:

Ethylene oxide prices in eastern, southern and Northern China did not fluctuate this month. Ethylene oxide prices in Wuhan, central China, were lowered by 200 yuan/ton on the 17th, from 8300 yuan/ton to 8100 yuan/ton, while prices in Northeast China were slightly lowered by 200 yuan/ton on the 19th, with the implementation of 8100 yuan/ton. In terms of equipment, it is reported that after the festival, the production enterprises plan to overhaul, which has a great impact on the production. If the information is implemented, it will have a considerable impact on the supply side, in favor of ethylene oxide.

III. Industrial chain:

Ethylene bottomed out in the middle and early part of this month, with low volatility. Ethylene glycol de-stocking achieved initial results and rose steadily and moderately. In the second half of the year, crude oil rose sharply because of emergencies, which triggered a sharp reaction downstream like cold water dripping into hot oil. The international situation was tense. The price of ethylene rose while the price of ethylene rose. The downstream ethylene glycol also pumped up. The impact gradually weakened, the price of ethylene dropped, and the price of ethylene glycol remained stable. Inventory of downstream polycarboxylic acid water reducer monomer enterprises is low, but the market bearish atmosphere is strong, combined with the impact of two sections, the start-up rate declined, and prices fell slightly.

Forecast:

Fundamental support is still acceptable, the price is temporarily stable, follow-up needs to pay close attention to plant maintenance information.