Summary of ethylene oxide this week (October 19 – October 23)

This week, the price of ethylene oxide was adjusted horizontally, and the factory price of mainstream East China was 7200 yuan / ton.

 

Northeast Asia ethylene market weak consolidation, as of yesterday (22nd) CFR Northeast Asia closed at 810.00 USD / T, cost support is weak. Downstream monomer market downturn, inventory accumulation and demand prospects are not optimistic, the bearish atmosphere may continue, which has a certain inhibitory effect on the price rise of ethylene oxide. However, due to the tight supply of ethylene oxide, it is still difficult to obtain one commodity. Under the long short game, the possibility of price fluctuation is extremely low. At present, the maintenance of Maoming Petrochemical is delayed, and Sinopec, srbon and Wuhan Petrochemical are in shutdown.

 

The overall stability is maintained. Market participants pointed out that Jilin Petrochemical plans to raise 50 yuan / ton tomorrow.

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