Ethylene oxide is reduced by 350 yuan / ton today. At present, the ex factory price of mainstream East China is 7350 yuan / ton.
The overall decline of the upstream outer disc ethylene remained unabated and continued to reach the bottom. The domestic ethylene price fluctuated. At present, the latest Northeast Asia ethylene outer disc price is $1030 / ton, Southeast Asia ethylene outer disc price is $1150 / ton, and Jinshan Lianmao ethylene today quoted 8450 yuan / ton, unchanged from the previous trading day. At present, the price of imported ethylene is almost the same as that of domestic ethylene. If the price of external ethylene continues to decline, the space for import arbitrage will be gradually opened. Based on the current external price and the adjusted EO price today, the current loss of ethylene oxide is about 350 yuan / ton. The downstream monomer negotiation atmosphere was light, the commencement remained low and fluctuated in a narrow range, the manufacturer returned to the wait-and-see mood, and the quotation was delayed.
Forecast: there is no hope of substantial improvement in terminal and supply. The probability of maintaining ethylene oxide platform in the near future depends on the fluctuation of ethylene price.
| PVA |