Price trend of ethylene oxide

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.

Trade name: PVC

Latest price: 6324.29 yuan/ton

Key points for analysis: On October 13, the PVC market was relatively light, traders were not enthusiastic about taking goods, and the futures price fell today, so the market confidence was obviously insufficient. At present, the focus of spot market trading is downward. Downstream replenish the goods as needed, be cautious in taking the goods, and wait and see more.

Forecast: The PVC spot market is weak in the short term.

After the festival, DOP prices rose sharply and fell back

According to the data monitoring of the business community, as of October 12, the DOP price was 10450 yuan/ton, up 3.26% from 10120 yuan/ton on October 1 at the beginning of the month; Compared with the DOP price of 10480 yuan/ton on October 11, it decreased slightly by 0.29%. After the festival, the DOP price rose sharply, but due to poor demand, the downstream customers’ receptivity was insufficient, and the high DOP price fell back.

After the festival, the price of isooctanol rose and fell back

According to the price monitoring of the business community, the price of isooctanol rose first and then fell after the festival. As of October 12, the price of isooctanol was 9200 yuan/ton, up 2.99% from 8933.33 yuan/ton on October 1 at the beginning of the month; The price of isooctanol dropped by 1.43% compared with the price of 9333.33 yuan/ton on October 10. After the festival, enterprises replenished more stocks, the price of isooctanol rose, but the downstream demand was poor, the support for the rise of isooctanol was insufficient, and the price of isooctanol fell under pressure.

The price of phthalic anhydride hit a new high after the festival

According to the price monitoring of the business community, the price of phthalic anhydride was 10575 yuan/ton as of October 12, up 2.67% from 10300 yuan/ton on October 1 at the beginning of the month. After the festival, phthalic anhydride enterprises had a lot of maintenance. The price of ortho benzene rose sharply. The supply of phthalic anhydride was tight, and the cost was supported. After the festival, the price of phthalic anhydride hit a new high. The cost of DOP rose, and the impetus for DOP to rise remained.

PVC prices rose slightly after the festival

According to the price monitoring of the business community, the PVC price was 6332.86 yuan/ton as of October 12, up 1.07% from 6265.71 yuan/ton on October 1 at the beginning of the month. After the festival, PVC prices rose slightly, and DOP demand recovered slightly, but overall DOP demand remained low.

Future market expectation

According to the DOP data analysts of the business community, in terms of raw materials, the prices of isooctanol and phthalic anhydride, DOP costs and DOP prices rose sharply after the festival; However, in terms of demand, the rise of PVC is small, the recovery of DOP demand is limited, and the rise of DOP is not supported enough. In the future, the downstream has a low acceptance of high price DOP, the domestic economic recovery is less than expected, the demand growth is not good, and the future DOP price is expected to fall slightly.

According to the monitoring data of the business community, after the National Day holiday, the market of hydrogen peroxide kept falling, and the average market price dropped to 873 yuan/ton, a drop of more than 5%. At the beginning of the month, the average price of hydrogen peroxide in the market was 920 yuan/ton. On the 11th, the average price of hydrogen peroxide in the market was 873 yuan/ton, a 5.07% drop. The sharp drop of hydrogen peroxide after the festival was mainly caused by the weak terminal demand.

Weak terminal demand, weak hydrogen peroxide market, downward trend

After the National Day holiday, the demand for hydrogen peroxide in terminal printing, paper industry and other industries declined, and the hydrogen peroxide market continued to weaken. There is a big difference in the domestic market in major production areas. The hydrogen peroxide market in Shandong is weak, and the mainstream quotation drops to 600 yuan/ton; The market of hydrogen peroxide in Anhui Province is relatively stable, lasting 1100 yuan/ton. The domestic hydrogen peroxide market continues to be weak, led by bad news.

Li Bing, an hydrogen peroxide analyst from the business community, believes that the demand is weak, and the hydrogen peroxide market is still weak in the future.

After yesterday’s rise, the downstream inquiry atmosphere is insufficient today, and the terminal just needs to submit an offer on the low side. The supplier’s offer today has declined. The mainstream negotiation on the market is 11150-11200 yuan/ton, and the actual order also has a small margin of profit. The on-site trading and follow-up is slow.

On October 10, phenol offers in various markets across the country were as follows:

Region, quotation, daily rise and fall

East China., 11150., – 50

Shandong Province, 11450., 0

Yanshan surrounding area, 11400., 0

South China, 11350, 400