Summary of prices for ethylene oxide in February
In February, the price of ethylene oxide slightly increased by 1.52%. According to data from Business Society, as of February 29th, the average market price of ethylene oxide in China was 6700 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 yuan/ton externally; The listed price of ethylene oxide in the South China market is 6800 yuan/ton; The listed price of ethylene oxide in North China is 6700 yuan/ton; The listed price of ethylene oxide in the central China market is 6750 yuan/ton.
Overview of the ethylene oxide industry chain
The correlation between the price increase of ethylene oxide in February and the demand of downstream polycarboxylate water reducing agent monomer enterprises is not high. This is mainly due to the increase in upstream raw material ethylene prices, which increases the cost pressure on ethylene oxide enterprises and transmits the rising water to ethylene oxide. The price of ethylene glycol, a related product, has remained volatile at a high level after an earlier increase, which has also given positive expectations to the supply side of ethylene oxide.
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. It is expected that the price of ethylene oxide will fluctuate strongly in March.
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