First, the price trend
Business community: This week the ethylene oxide market a difficult to find (8.14-8.18)
As of this week, the average price of ethylene oxide is 9422.73 yuan / ton (both tax), the price is stable.
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Second, the market analysis
Products: a difficult situation to find the case, the recent rise in ethylene oxide fiercely, the last month, every Monday up, simply can not stop. Up to now, since the cumulative increase in ethylene since July 4 a total increase of 900 yuan, Sinopec East China ex-factory price of 9500 yuan / ton.
Industrial chain: the supply of ethylene oxide in short supply, prices continue to rise, the downstream manufacturers “immeasurable skyrocketing” “This market chaos set” “can not get goods ah” and so complained endlessly. Indeed, the current ethylene oxide is indeed a good support for all sides under the strong rise of the posture, but Zhongyu information that the current tight supply is not due to the strong downstream demand driven, but due to reduced factory output. As we all know, the current ethylene oxide production plant is mostly EO / EG co-production, the factory can be adjusted according to the two real-time market, and no co-production devices, most of the factory supporting downstream products, external heavy volume is limited. As the ethylene glycol profit considerable support, the factory have to adjust the device, converted ethylene glycol, ethylene oxide production significantly reduced, on the other hand, EO downstream gradually out of the off-season, the EO demand is in a slow recovery stage, two Cause collision, EO tight situation began to highlight and show intensified trend.
Third, the market outlook forecast
Ethylene oxide product analyst Chen Lin said: short-term view of ethylene-based strong ship-based, long-term concern about the factory conversion and downstream demand season guidance.
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