The price of ethylene oxide decreased in April
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According to data from Business News Agency, on April 26, 2023, the average spot market price of ethylene oxide in China was 6500 yuan/ton, a decrease of 9.72% compared to the beginning of the month; Compared to the beginning of the year, the price was 6800 yuan/ton, a decrease of 4.41%.
Overview of ethylene oxide industry chain
The terminal demand is lower than expected, and the price center of the main downstream polycarboxylate water reducing agent monomer has shifted downward. The production enthusiasm of polycarboxylate water reducing agent monomer enterprises is not high, and the demand for ethylene oxide is weakened.
Weak cost support for ethylene price decline
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On the raw material side, the price of ethylene has moved downwards. Currently, the average price in the domestic market is 6800 yuan/ton, with a daily decrease of 200 yuan/ton, weakening cost support.
Future Market Forecast
The terminal demand is lower than expected, and the production capacity utilization rate of the main downstream polycarboxylate water reducing agent monomer enterprises is not high; The demand for ethylene oxide is expected to deteriorate. Adding to the downward movement of raw material prices, cost support has weakened, and it is expected that in the short term, the price of ethylene oxide will continue the current trend, with weak fluctuations being the main trend.
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