The price of ethylene oxide is stable this month, and the ex factory price is 6900 yuan / ton.
The cost side fluctuated significantly this month. With the advance of vaccination in Europe, the United States and China and the lifting of economic blockade, the tight supply prospect has led to the rise of oil prices. In addition, the passage of the US infrastructure proposal has made the market optimistic about the prospect of energy demand. Crude oil prices have been further supported, and futures prices have reached the highest level in more than two years. Up to now, the external price of ethylene in Northeast Asia is US $870 / ton, and that in Southeast Asia is US $835 / ton. Compared with the beginning of this month, the price of ethanolamine rose slightly, the price fluctuation of downstream monomer was not obvious, the market was weak and stable, and the low price order was acceptable. In terms of equipment, Sinochem Quanzhou short-term shutdown, Taixing Jinyan and Jilin Petrochemical are under maintenance.
At present, it is stable for the time being. Although there is a rebound trend on the cost side, and the tight supply of EO on the floor further intensifies the rising atmosphere, it seems that the improvement of demand is still the main factor determining whether the price rises or not.
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