The price of ethylene oxide has been adjusted many times this month. Taking the mainstream East China as an example, the ex factory price of ethylene oxide including tax at the beginning of the month was 6600 yuan / ton, and it was increased to 7200 yuan / ton at the end of the month, with an increase of 9.09%.
At the beginning of the month, CFR Northeast Asia market price was 800 US dollars / ton, today’s price was 720 US dollars / ton, a decrease of 10%. The cost support is weak, and EO profit space is increased. Ethylene glycol inventory process is good, the price of large stable small rise. With the advent of the downstream unit bottom price, manufacturers’ inventory is low, and low-cost procurement is started. The supply and demand situation is conducive to the market recovery. Driven by the expected steady growth of downstream demand, and the maintenance of about 400000 tons of ethylene oxide plant at the end of this month, the regional shortage of goods has intensified.
Under the multi space game, the rising market of ethylene oxide was established, and the price showed a continuous growth trend.
Digest the increase and maintain stability in the short term.
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