Price trend of ethylene oxide in October

According to the data of the business cooperative, the average price of domestic ethylene oxide spot market on November 4 was 6800 yuan/ton, which was the same as the market average price at the beginning of the month (11.1); It was 9.33% lower than the average market price of 7500 yuan/ton on October 1.

Overview of ethylene oxide industry chain

The price of ethylene oxide was dragged down by the downstream and moved down in October.

Fundamentals Overview

1. The domestic production capacity increased slightly. In October, 730,000 tons of new units were put into production in Satellite Petrochemical, and the domestic ethylene oxide production capacity increased to 7.51 million tons.

Later, Sanjiang Chemical, Shenghong Refining and Chemical, Hainan Refining and Chemical and other units are planned to be put into production. Among them, the 500000 t/a ethylene oxide unit of Sanjiang Chemical, which was originally planned to be put into operation in October 2022, will be put into operation in 2023, and the 100000 t/a ethylene oxide unit of Shenghong Refining and Chemical Co., Ltd. and the 300000 t/a ethylene oxide unit of Hainan Refining and Chemical Co., Ltd. are expected to be put into operation in the fourth quarter.

2. The downstream demand is poor. The demand for polycarboxylic acid water reducer monomer in the main downstream is expected to weaken greatly due to insufficient terminal building construction conditions. At present, the inventory of polycarboxylic acid water reducer 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.

Future market forecast

The terminal demand is weak and the demand is restrained. Ethylene oxide mainly operates weakly in the short term.