This week (5.12-5.17), the price of monoethanolamine slightly decreased, with a range of 20 yuan/ton. According to statistics from Business Society, as of May 17th, the mainstream market price of monoethanolamine (with a domestic content of 99.9%) was between 10300-10600 yuan/ton, with an average price of 10480.00 yuan/ton, a decrease of 0.19% from the previous week.

In terms of cost:

This week, the price of ethylene oxide has slightly decreased, at a rate of 100 yuan/ton. According to data from Business Society, as of May 17th, the average price of ethylene oxide in the domestic market was 6900 yuan/ton, a decrease of 1.43% from last week’s average price of 7000 yuan/ton; From a regional perspective, the epoxy ethane market in East China is priced at 6900 yuan/ton externally; The listed price of ethylene oxide in the South China market is 6900 yuan/ton; The listed price of ethylene oxide in North China is 6900 yuan/ton; The listed price of ethylene oxide in the central China market is 6900 yuan/ton.

From the industrial chain diagram, ethanolamine, as a downstream product of ethylene oxide, accounts for 11%. Recently, the production enterprises of ethanolamine have been stable, with moderate profit levels and no significant fluctuations. Due to its wide range of uses, monoethanolamine has been applied in various fields such as textiles, printing and dyeing, pharmaceuticals, cosmetics, etc. Therefore, its market demand is relatively stable and there has been no significant growth point.

On May 15th, the liquid ammonia market in Shandong region rose. According to the commodity market analysis system of Shengyishe, the daily increase in the main production area of Shandong was 2.06%. The main reason is that some equipment in the northern main production area has been repaired due to malfunctions, and the contraction of the supply surface has brought benefits. On Wednesday, major factories in Shandong and surrounding Hebei and Henan provinces generally raised prices by 50-100 yuan/ton. The market has a strong atmosphere of speculation, and dealer quotes have followed suit.

Overall

The market for monoethanolamine has remained stable with a slight decline, while the market price for raw material ethylene oxide has stabilized after a decline. Although the liquid ammonia market has seen a slight upward trend, its increase is not enough to support a significant rebound in monoethanolamine prices. The demand for monoethanolamine in the market varies, with downstream users mainly purchasing on demand, and some market prices have been lowered. Further observation of downstream demand for monoethanolamine is needed for subsequent price changes.