Price List of Ethylene Oxide in August
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In August, the price of ethylene oxide increased. According to data from Business News Agency, as of August 17th, the average market price of ethylene oxide in China was 6200 yuan/ton; From a regional perspective, the average market price in North China is 6300 yuan/ton, East China is 6200 yuan/ton, Central China is 6200 yuan/ton, and South China is 6400 yuan/ton.
Overview of ethylene oxide industry chain
In July, the prices of the main downstream polycarboxylate water reducing agent monomers were strong, and the off-season effect was weak. Currently, supply and demand are still tightly balanced.
Supply side
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Previously, the price of ethylene oxide was relatively low, and some manufacturers hit the cost line, facing increasing pressure to lose money. The operating rate of manufacturers was relatively low, and some enterprises underwent equipment maintenance. In addition, some production factories may switch to producing ethylene glycol or adjust their own usage ratio to alleviate production and sales pressure. Overall, there are frequent malfunctions in the ethylene oxide plant, leading to a tightening of market supply.
Cost side
From a cost perspective, the mainstream processes in China are divided into naphtha, ethane/mixture, external ethylene production, MTO route, etc; Among them, the naphtha route accounts for about 49% of the total, followed by ethane and externally extracted ethylene. With the rise of crude oil prices in July, the price of raw ethylene has strengthened, and the cost support for ethylene oxide is strong.
Ethylene oxide prices rose in August
In the short term, the cost support for ethylene oxide has strengthened, and with the transmission effect of upstream and downstream product prices, the price of ethylene oxide has improved. On the supply and demand side, under the increasing losses of ethylene oxide enterprises on the supply side, production enthusiasm is not high, external sales of enterprises are decreasing, and domestic supply is showing a tense situation. The downstream market support is relatively limited during the high temperature off-season on the demand side. In summary, the price of ethylene oxide may enter a plateau after rising in August.
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