Overview of ethylene oxide prices in December

In December, the price of ethylene oxide remained stable. According to data from Business Society, as of December 26th, the average price of ethylene oxide in the domestic market was 6400 yuan/ton; From a regional perspective, the epoxy ethane market in East China is priced at 6400 yuan/ton externally; The listed price of ethylene oxide in the South China market is 6500 yuan/ton; The listed price of epoxy ethane in North China is 6400 yuan/ton; The listed price of epoxy ethane in the central China market is 6400 yuan/ton; The listed price of ethylene oxide in Northeast China is 6300-6350 yuan/ton.

Overview of the ethylene oxide industry chain

The utilization rate of the main downstream polycarboxylate water reducing agent monomer production capacity has not changed much, and the demand for ethylene oxide is relatively stable. The rest of the downstream production is mainly stable, with general short-term price support.

Raw material end

The price of raw material ethylene has begun to show a weak market consolidation, and the cost of ethylene oxide is generally supported. As of December 22nd, the estimated CFR China price for ethylene in the port is around 850-860 US dollars per ton. The price of ethylene in Northeast Asia has stabilized at $850/ton, while CFR China’s price has dropped by $10/ton to $860/ton. Domestic ethylene transaction prices have fallen by 450 yuan/ton to 6800 yuan/ton. The cost pressure on ethylene oxide enterprises has slightly decreased.

Supply side

The shutdown of the Lianyungang plant has led to a tightening of supply in some areas, which has not yet affected prices.

The price of ethylene oxide may remain weakly stable in December

The demand for downstream products of ethylene oxide remains stable, and recently, ethylene oxide has been operating steadily. Next week, the Jiangsu Sirbang plant may restart, and the increment is limited nationwide. The main downstream industries have not undergone significant changes in production, with stable orders being the main focus. It is expected that the price of ethylene oxide will remain weak and stable in the short term.