Ethylene oxide remained stable at 6900 yuan / ton.
Affected by the bearish trend of downstream demand and abundant supply, the weak market of ethylene continued to ferment. The external price of ethylene in Northeast Asia temporarily stopped falling at US $900 / T, while the external price of ethylene in Southeast Asia was US $860 / T, which was flat compared with the previous trading day. The quotation of domestic Luxi Chemical ethylene was 7060 yuan / T today, and that of Jinshan Lianmao ethylene was 7200 yuan / T today. The support of cost side was weakened, but the supply side of ethylene oxide was strong. According to the known dynamic of the plant, srbon is expected to be overhauled in early July, Jinyan is still in the shutdown state, Jilin Petrochemical is expected to be overhauled until the middle of July, Zhenhai Petrochemical is expected to stop in short time due to fault, Shanghai Petrochemical has been successfully started up, and ethylene oxide is expected to be in a tight state until next month. At present, the market of downstream monomer is stable, and Hubei Ling’an factory has no stock. Affected by the lift of ethylene oxide, the market has a strong wait-and-see atmosphere, and there may be bullish expectations in the future.
It needs to pay close attention to the change of ethylene oxide supply side and downstream demand.
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