Ethylene oxide price kept stable in December
According to the data of the business agency, the average price of ethylene oxide in the domestic spot market on December 29 was 6800 yuan/ton, which continued the relatively stable market since November.
| PVA |
At present, the listing price of ethylene oxide in various regions in China is basically stable, and the factory listing price of mainstream markets in various regions is as follows:
The ethylene oxide market in East China is 6800 yuan/ton; Ethylene oxide market in South China is 6800 yuan/ton; The listing price of ethylene oxide market in central China is 6800 yuan/ton; The listed price of ethylene oxide in North China is 6800 yuan/ton, and that of some manufacturers in Northeast China is 6600 yuan/ton.
Overview of ethylene oxide industry chain
On the whole, weak downstream demand is the main reason for the weak and stable price of ethylene oxide. From the perspective of price transmission, the demand for downstream products has weakened, the price has declined, and the price support for ethylene oxide has weakened.
In December, the downstream ethylene glycol price was relatively stable, but the main downstream polycarboxylic acid water reducer monomer was subject to insufficient terminal building construction conditions, and the demand was expected to weaken significantly.
Upstream ethylene: On December 28, the CFR average price of Asian ethylene in Northeast Asia was 870 dollars/ton, down 10 dollars/ton from the beginning of the month; The average price of CFR in Southeast Asia is 910 dollars/ton, up 30 dollars/ton from the beginning of the month.
Fundamentals Overview
At the current supply end, except for long-term shutdown devices in the early stage, the devices in production are basically operating normally, and the load is adjusted as required. In October, a new 730000 tons of new devices were put into operation in Satellite Petrochemical, and the domestic ethylene oxide production capacity rose to 7.51 million tons. At present, the capacity operation rate is about 60%.
In terms of demand, the downstream demand is weak, and the main downstream polycarboxylic acid water reducer monomer market has been weak and stable recently. The demand for polycarboxylic acid superplasticizer monomer at the downstream of the main stream is expected to weaken greatly due to insufficient terminal building construction conditions. At present, the inventory of polycarboxylic acid superplasticizer monomer enterprises has accumulated to a medium high level, the enthusiasm of enterprises for production has decreased, and the purchasing atmosphere for ethylene oxide is weak. The inquiry list is limited within the week, and the overall trading atmosphere is cold. At present, the downward space of the offer is limited, and the actual transaction is mainly weak. The expectation of demand recovery before the year is weak, the intention of terminal stocking is not high, and the short-term monomer market or deadlock is the main reason.
Future market forecast
The terminal demand is weak and the demand is restrained. At present, the price of ethylene oxide has been trading sideways for a long time, and the supply and demand fundamentals have not been improved. In December, ethylene oxide operated weakly and stably, and the future market may be difficult to change in the short term.
| http://www.pva-china.net |