Price trend of ethylene oxide
| Thiourea |
According to the data of the business society, the average price of domestic ethylene oxide spot market on October 14 was 7433.33 yuan/ton, down 0.89% from the average market price of 7500 yuan/ton at the beginning of the month (10.1); It was 16.45% higher than the average market price of 6383.33 yuan/ton on August 1.
Overview of ethylene oxide industry chain
After the festival, the price of polycarboxylic acid superplasticizer monomer at the downstream of the main stream has dropped significantly. Affected by poor terminal demand, market confidence is insufficient. At present, the loss of polycarboxylic acid superplasticizer monomer has expanded, the enthusiasm of enterprises for production has declined, and the demand for ethylene oxide has been balanced.
Fundamentals Overview
On the supply side, since October, the 300 thousand ton ethylene oxide unit in Selbang has been shut down. In terms of new capacity, 730000 tons of satellite petrochemical has been released and operated under low load; Gulei device was fed on October 11; The 168000 ton unit of Sinopec Shanghai operates normally; Weekly output rose slightly month on month.
On the cost side, the price of ethylene as raw material has risen slightly in the near future, while the price of ethylene oxide is still supported on the cost side.
On the supply and demand side, the terminal demand is placed in the real estate industry, and the demand for polycarboxylic acid water reducer monomer, one of the main downstream players, is expected to be poor, generally showing strong supply and weak demand.
Future market forecast
On the whole, the market pattern of ethylene oxide tends to be generally strong in supply and weak in demand. The weak expectation of the downstream market depresses the price of ethylene oxide, which is expected to be weak and stable in the short term. Later, we will see whether the price difference of overseas ethylene oxide will bring opportunities for export substitution.
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