Ethylene oxide remained stable, with the ex factory price of 8200 yuan / ton in East China, North China, South China and Northeast China and 8300 yuan / ton in Central China.
In terms of upstream ethylene, the external price of ethylene in Northeast Asia is US $1100 / ton, that in Southeast Asia is US $1150 / ton, that of Luxi Chemical ethylene is 8350 yuan / ton today, and that of Jinshan Lianmao ethylene is 8350 yuan / ton today. The ethylene market is weak, the RMB exchange rate is reduced, the cost support is limited, the profit space is repaired, and the overall load of ethylene oxide rebounds. Downstream demand picked up slightly, monomer offers were strong, manufacturers’ willingness to support the market was obvious, long-term recovery was still weak, and most traders shipped according to the market.
Prediction: the long short factor game is temporarily deadlocked, but if the ethylene price trend continues to weaken, the EO center of gravity may gradually move down.
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