This week, the price of ethylene oxide slightly increased, with a 1.54% increase during the week. According to data from Business Society, as of January 26th, the average market price of ethylene oxide in China was 6600 yuan/ton, an increase of 100 yuan/ton from last week; From a regional perspective, the epoxy ethane market in East China is priced at 6600 yuan/ton externally; The listed price of ethylene oxide in the South China market is 6600 yuan/ton; The listed price of epoxy ethane in North China is 6600 yuan/ton; The listed price of ethylene oxide in the central China market is 6600 yuan/ton.

Overview of the ethylene oxide industry chain

The main downstream polycarboxylate water reducing agent monomer enterprises have low inventory, relatively stable production, and relatively stable demand for ethylene oxide. The rest of the downstream enterprises mainly operate steadily; From the recent upstream and downstream product prices, it can be seen that downstream prices have started to rise, increasing profit margins and strengthening support for the price of raw material ethylene oxide in the short term.

Since mid to late December 2023, the price of ethylene glycol has remained strong, and some factories have begun to operate the appropriate conversion of ethylene glycol.

Short term supply may slightly increase, but prices are unlikely to improve in January

The demand for downstream products of ethylene oxide remains stable, and recently, ethylene oxide has been operating steadily. The supply side is affected by factors related to production conversion, resulting in an improvement in supply expectations. The main downstream industries are starting construction, and it is expected that the price of ethylene oxide will fluctuate strongly in the short term.