At the end of last week, the price of ethylene oxide was reduced by 250 yuan / ton, which was not followed by private enterprise zhongsanjiang chemical. At present, the mainstream ex factory price is 6300 yuan / ton. Based on the current ethylene outer disk price in Northeast Asia, ethylene oxide is currently losing about 700 yuan.

On the upstream side, the Asian naphtha market is still under pressure this week. The supply of goods in the market is sufficient, and the spot purchase is expected to slow down. Some cracking units are shut down for maintenance in advance, resulting in weak demand. The FOB Singapore spot valuation of naphtha fell to $77.22 per barrel, and the spot price difference fell to +1.09 per barrel. The bottom of Northeast Asia ethylene outer disk fluctuated and consolidated around $900 / ton. As of the close of Asia on August 3, the spot price difference between ethylene and naphtha CFR Japan was $153.25 / ton, and the profit margin of ethylene rebounded.

The supply of ethylene oxide is tight, the Sanjiang plant is basically shut down, and only one set of self use is left. The second line of the satellite is delayed, and the inventory of silbon has bottomed out. The guarantee contract is the main one, and the scattered orders will not be received for the time being. Far East United and Zhongke refining and chemical plants are gradually restarted, but it is difficult to fill the market vacancy in the near future, and the tight supply side is difficult to change.

At present, the price of ethylene oxide has basically hit the bottom, and some downstream manufacturers have made stock moves, but at present, the overall demand of the industry continues to be weak, and the stock demand remains conservative.

Forecast: there is no substantial improvement in demand, and EO is running at a low level.