This week, the price of ethylene oxide was stable, and the mainstream ex factory price of ethylene oxide was 7700 yuan / ton.
As of today, the latest price of ethylene in Northeast Asia is US $1075 per ton, while the latest price of ethylene in Southeast Asia is US $1020 per ton. The main reason for the decline of ethylene price is that the upstream crude oil and naphtha are bearish. In addition, the demand in the region continues to be weak, and the support is weakened. The decline of raw materials causes the mood fluctuation of some downstream enterprises. Although the cost price center began to fall, the price of ethylene is still at a high level, and the non integrated units are still operating near the cost line.
In terms of equipment, Fushun Petrochemical Company is currently under maintenance; The annual capacity of ethylene oxide unit of Shanghai Petrochemical line 2 will be increased to 168000 tons after incremental revamping; The overhaul of Nanjing Dena was postponed to July.
At present, the market is affected by the weak demand, and the overall operation is weak and stable. The supply and demand side is relatively abundant. Manufacturers mainly ship goods. In the short term, there is little chance of reversal when the raw materials are not obviously favorable.
The market is expected to remain weak and stable.
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