Price trend of ethylene oxide in October
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According to the data of the business society, the average price of domestic ethylene oxide spot market on October 31 was 6800 yuan/ton, down 9.33% from the average market price of 7500 yuan/ton at the beginning of the month (10.1); It was 0.49% higher than the market average price of 6766.67 yuan/ton on September 1.
Overview of ethylene oxide industry chain
The price of ethylene oxide was dragged down by the downstream and moved down in October.
Fundamentals Overview
In October, the supply and demand side dominated the price market. On the supply side, at present, the capacity utilization rate of domestic ethylene oxide industry is 60% to 70%, some early shutdown devices have been restarted, and new capacity of satellite petrochemical has been added, bringing the expectation of an increase in supply side. In addition, 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 a weak expectation of strong supply and demand.
Future market forecast
The terminal demand is weak and the demand is restrained. Ethylene oxide mainly operates weakly in the short term.
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