The price of ethylene oxide slightly increased in mid March. According to data from Business Society, as of March 21st, the average market price of ethylene oxide in China was 6900 yuan/ton, an increase of 100 yuan/ton compared to before the holiday; From a regional perspective, the epoxy ethane market in East China is priced at 6700-6900 yuan/ton externally; The listed price of ethylene oxide in the South China market is 6900 yuan/ton; The listed price of ethylene oxide in North China is 6900 yuan/ton; The listed price of ethylene oxide in the central China market is 6800 yuan/ton.
| Gamma-PGA (gamma polyglutamic acid) |
At present, the domestic production of ethylene oxide has started relatively steadily, and there are expectations of tight supply in some regions. In the short term, there are some maintenance plans for individual units that need to be fulfilled.
Overview of the ethylene oxide industry chain
The prices of downstream polycarboxylate water reducing agent monomers have rebounded, and the prices of related products such as ethylene glycol have started to loosen recently. Overall, the demand for downstream monomers is average, while the demand for polyethers, esters, and other materials for purchasing ethylene oxide is good.
Future market forecast
The demand for downstream products of ethylene oxide may have positive expectations with the start of terminal real estate construction. The supply side is affected by factors related to production conversion, resulting in an improvement in supply expectations. However, overall, the downstream infrastructure industry is cautious about high priced monomers, and it is expected that the upward space is relatively limited, which may suppress the upward trend of raw material ethylene oxide. In the short term, it is expected that the price of ethylene oxide will continue to fluctuate strongly.
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