At present, the price of ethylene oxide is basically the same throughout the country. Except for central China, the ex factory price is 8200 yuan / ton and 8300 yuan / ton in Central China. The quotation of satellite Petrochemical is 8200 yuan / ton. During the shutdown and maintenance of Sanjiang silbang, Lianhong is in low load production, and no external quotation is available for the time being.
Upstream, ethylene prices showed a continuous upward trend this month. In the first ten days, GS Caltex, Gulei and other cracking units were shut down for maintenance. The Asian market was in short supply, and the supply and demand side was the dominant factor. The ethylene price deviated from the price trend of upstream crude oil and naphtha for a short time. Although the prices of upstream crude oil and naphtha weakened, the ethylene price in Asia still showed a rapid upward trend. In the later stage, the crude oil price continued to strengthen, further pushing up the ethylene price under the influence of dual factors.
In terms of ethylene oxide, it is obvious from the weekly k-column chart that the increase of ethylene oxide this month mainly occurred in the middle and late ten days. Due to the light terminal demand in the early stage, downstream manufacturers mostly hold a wait-and-see attitude towards ethylene oxide. Under the supply-demand game, the sharp rise of ethylene price has not fully supported the follow-up of ethylene oxide and downstream prices. Around the middle of the year, under the strong influence of the policy factors of “dual control” of energy consumption and power restriction, in addition to Sanjiang, which originally planned to overhaul the device, many manufacturers stepped on the “emergency brake” on the EO device to reduce the load for production or parking. Due to the shortage of goods and the continuous rise of raw material prices, the rising momentum of ethylene oxide has been released under the influence of the collective soaring prices in the chemical industry. The market is bound to have a certain impact on the downstream mentality in the short term. Under the situation of imbalance between supply and demand, the market transaction price is even much higher than the ex factory price.
The rise of ethylene oxide price has brought great pulling force, and the downstream market has also tightened the price of goods, which soared after the rise of ethylene oxide was established. The rising sentiment of terminal buying, coupled with the demand for double festival goods preparation, has a strong willingness to take goods, which is in sharp contrast to the bleak situation in the early stage.
Compared with the beginning of the month, hPEG increased by 17.98%; TPEG increased by 17.39%; Monoethanolamine rose by 50%; Diethanolamine increased by 19.10%; Triethanolamine increased by 15.05%; AEO-9 increased by 6.67%.
This month’s rise is the main theme. At present, ethylene oxide has turned losses into profits, and the profit space has increased. Based on the latest ethylene CIF Northeast Asia external price of 1135 US dollars / ton and the ex factory price of 8200 yuan / ton in East China, the profit of ethylene oxide is around 100 yuan / ton. As for the rising ceiling, excluding the speculation in the market, we may pay more attention to when to relax the policy and changes in the supply side.
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