Ethylene oxide price fell 3.17%
|Azodicarbonamide (AC foaming Agent)
According to the data of the Business News Agency, the average price of the domestic ethylene oxide spot market on January 9, 2023 was 6100 yuan/ton, down by 200 yuan/ton from the average price of the ethylene oxide spot market on Friday (1.6), down by 3.17%; Compared with the average spot market price of 6800 yuan/ton before the New Year’s Day, it was reduced by 700 yuan/ton.
At present, the listing price of ethylene oxide in all regions of China has been reduced by 500-700 yuan/ton compared with that before the New Year’s Day. The ex-factory listing price of mainstream markets in all regions is as follows:
The external price of ethylene oxide market in East China is 6100 yuan/ton, and the price quoted by some manufacturers is 6400 yuan/ton; The ethylene oxide market in South China is 6100 yuan/ton; The listing price of ethylene oxide in central China is 6100 yuan/ton; The listed price of ethylene oxide in North China is 6100 yuan/ton.
Overview of ethylene oxide industry chain
On the whole, the weak downstream demand is the main reason for the weak and stable price of ethylene oxide.
Overview of fundamentals
The pattern of strong supply and weak demand is still the same. The actual demand at the end of the terminal starts to move downward near the Spring Festival. The main downstream polycarboxylic acid water-reducing agent monomer faces the pressure of the Spring Festival holiday, and the construction conditions are insufficient. The demand is expected to move downward. At present, the inventory of polycarboxylic acid water-reducing agent monomer enterprises has accumulated to a medium-high level, and the enterprise’s enthusiasm for production has declined, and the atmosphere for ethylene oxide procurement is weak. On the supply side, ethylene oxide production capacity is relatively stable, and the price of raw material ethylene has little change. On January 5, the CIF central price in Northeast Asia was 850 US dollars/ton, and the price has moved down. At present, the support of cost is limited.
The price of raw material ethylene is weak and stable, the terminal demand is weak, and the downstream demand is restrained. The main downstream polycarboxylic acid water reducer monomer market is facing the Spring Festival holiday, the terminal real estate operating rate is under pressure, and the demand for ethylene oxide is expected to weaken. It is expected that the relationship between supply and demand will be difficult to reverse in the short term, and ethylene oxide businesses will mainly operate in a weak position.