Ethylene oxide price rebounded in February
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According to the data of Business News Agency, the average price of domestic ethylene oxide spot market on February 22, 2023 was 6800 yuan/ton, up 7.94% from 6300 yuan/ton at the beginning of the month.
Overview of ethylene oxide industry chain
On the whole, the resumption of terminal production and the improvement of downstream demand are the main reasons for the strong price of ethylene oxide.
Overview of fundamentals
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On the supply side, ethylene oxide production capacity is relatively stable, the price of raw material ethylene has little change, and the support is limited. On the demand side, the main downstream polycarboxylic acid water-reducing agent monomer has warmed after the holiday, especially the terminal real estate operating rate, and the demand is expected to be large. At present, the production enthusiasm of polycarboxylic acid water-reducing agent monomer enterprises has increased, and the purchasing atmosphere for ethylene oxide has improved. In the early stage, when the fundamentals of ethylene oxide were weak, ethylene oxide manufacturers and holding traders began to increase their prices.
Aftermarket forecast
The price of raw material ethylene is relatively stable, the terminal demand is improved, the downstream demand is increased, the market of the main downstream polycarboxylic acid water-reducing agent monomer is improved, and the demand for ethylene oxide is expected to improve. In the early stage, the price of ethylene oxide fell, and the price was low. There was some room for rebound. It is expected that the price of ethylene oxide will continue the current trend in the short term, with strong shocks.
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