Ethylene oxide remained stable this week. At present, the ex factory price of ethylene oxide in East China, North China, South China and Northeast China is 8200 yuan / ton, and that in Central China is 8400 yuan / ton.

Ethylene remained at a high level. The external price of ethylene in Northeast Asia was US $1250 / ton, that in Southeast Asia was US $1250 / ton, and the quotation of ethylene in Luxi Chemical industry today was 8900 yuan / ton, up 400 yuan / ton compared with the price of the previous trading day.

Continuous losses put pressure on manufacturers. Ethylene oxide and some downstream monomer manufacturers reduced production and reduced burden, which means a strong support for the market, but the recovery of terminal demand is still slow. Generally speaking, the rise of the market needs the cooperation of many aspects. If it is just a simple rise in the cost side, the foundation is unstable, and there is no real recovery factor, it is prone to the virtual heat situation of sharp rise and fall. At present, people in the industry point out that the downstream demand has not been fully expanded. Therefore, although the market is rumored to rise, it should be treated rationally. Compared with Monday, hPEG, TPEG and ethanolamine were flat, and AEO-9 rose 1.36%.

Forecast: driven by the upstream raw materials, the market focus of ethylene oxide moves upward, the downstream wait-and-see atmosphere is strong, and the market mentality is different. The author believes that there is room for upward growth, but it is less than the rumored range.

Trade name: TDI

Latest price (March 3): 19050 yuan / ton

Key points of analysis: the average price of TDI market in East China today is flat compared with the previous working day, and the domestic TDI market is stable for the time being. There is a shortage of export orders in the terminal market, and the enthusiasm of downstream market entry is not high. A small number of goods just need to be purchased. The offer of goods holders is temporarily stable and wait-and-see, waiting for market news. At present, the quotation range of dealers in East China is about 18500-18600 yuan / ton for domestic goods and about 19000-19200 yuan / ton for Shanghai goods.

Future forecast: in the later stage, the TDI market is in a stalemate, and the specific attention shall be paid to the market supply and downstream follow-up.

The latest p-value price of ethylene glycol on March 2 was 5158.33 yuan / ton.

Shell plans to shut down a 250000 ton MEG unit for maintenance in March. A 720000 ton MEG unit in South Asia, Taiwan may be shut down in the future. In the afternoon, Meg’s external market was strong and volatile, and the recent cargo negotiation transaction was around 700 US dollars / ton. Under the influence of the sharp rise of crude oil, coal and methanol, the current ethylene glycol market fluctuated and rose simultaneously. Today, the downstream inquiry increased, the production and sales strengthened, and the negotiation atmosphere was active.

Forecast: the trading focus of ethylene glycol market will rise.

Trade name: TDI

Latest price (March 1): 19050 yuan / ton

Key points of analysis: today, the average price of TDI market in East China decreased by 0.91% compared with the previous working day, and the domestic TDI market continued to operate weakly. There is little change in the start-up of TDI plants in China, the spot market is tight, the export of terminal products is less than expected, the enthusiasm of downstream market entry is not high, a small number of just need to buy, the market price is chaotic, and there is no clear message guidance for the time being. At present, the quotation range of dealers in East China is about 18500-18600 yuan / ton for domestic goods and about 19000-19200 yuan / ton for Shanghai goods.

Future forecast: the TDI market will be sorted and operated in the later stage, and the specific attention will be paid to the market supply and downstream follow-up.

Trade name: TDI

Latest price (February 28): 19225 yuan / ton

Key points of analysis: today, the average price of TDI market in East China decreased by 0.65% compared with the previous working day, and the domestic TDI market is weak. At present, there is little change in the start-up of TDI plants in China, and the spot market continues to be tight, but the export of end products is less than expected, the enthusiasm of downstream market entry is not high, a small number of just need to buy, the offer of cargo holders is loose in a narrow range, and the quotation of individual traders is reduced in order to maintain the shipment. At present, the quotation range of dealers in East China is about 18500-19000 yuan / ton for domestic goods and about 19000-19400 yuan / ton for Shanghai goods.

Future forecast: in the later stage, the TDI market is in a stalemate, and the specific attention shall be paid to the market supply and downstream follow-up.