The price of ethylene oxide slightly increased in some regions in July
| Gamma Polyglutamic Acid |
According to the data of the business society, the average price of ethylene oxide in the domestic Spot market will be 6000 yuan/ton on July 24, 2023, which will be the same as that at the beginning of the month; Compared to the beginning of the year, the price was 6800 yuan/ton, a decrease of 11.76%.
In terms of regions, the quotation in South China rose, with an external quotation of 6200 yuan/ton, up 100 yuan/ton from last Friday.
Overview of ethylene oxide industry chain
| Gamma Polyglutamic acid Cosmetic |
The main downstream polycarboxylate water reducing agent monomer prices have slightly increased, and market participants believe that the price increase may stimulate the enthusiasm of monomer enterprises to start construction, thus providing some positive support for the ethylene oxide market.
Overview of Fundamentals
Affected by the continued strength of upstream raw material ethylene prices, the production cost of ethylene oxide in July moved up. At present, the operating pressure of ethylene oxide manufacturers is increasing, and some enterprises have lowered their operating rates, leading to expectations of a decrease in market supply. Especially in South China, the load of Zhongke equipment dropped to a low level due to force majeure, and the supply in some areas was gradually tightened.
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