The same as last week’s market, prices continue to stabilize this week. At present, the mainstream prices in East China are 7500 yuan / ton, 7650 yuan / ton in North China, 7500 yuan / ton in South China, 7700 yuan / ton in Central China, and 7450-7550 yuan / ton in Northeast China.
External data showed that the CFR Northeast Asian price of ethylene reached $990.00/ton yesterday (17th). With the high price of raw materials, the cost load of ethylene oxide has increased greatly, and the enterprises are operating under pressure. Some enterprises have reduced their production load, and the supply pattern is hard to change. The price of ethylene glycol has a strong trend due to the influence of reducing the storage. It is learned from market participants that the current monomer price has reached about 8700-8900, which is in the off-season of the industry. In addition, due to the severe haze in recent years, many provinces and cities in China have promoted the rectification of environmental protection problems, and logistics transportation is greatly restricted. The bearish prospect of monomer demand may continue to depress ethylene oxide and exert downward pressure.
High price of raw materials but low demand, resulting in epoxy resin is difficult to improve at present, the market focus shifted downward.
| Thiourea |