The shortage of supply pushes up ethylene oxide. At present, the price in East China is 7700 yuan / ton.
Affected by the bearish trend of regional demand, the price of upstream ethylene plummeted, the cost support weakened, and the profit margin of ethylene oxide increased significantly. Up to now, the external price of ethylene in Northeast Asia is $930 / ton, and the external price of ethylene in Southeast Asia is $965 / ton, down $20 / ton compared with the price of the previous trading day. Calculated at the current price, the profit of ethylene oxide is around 700 yuan. In terms of installation, it was learned from market participants that Sri Lanka will start soon; Affected by the epidemic situation, it is difficult to determine the maintenance time of Sanjiang at present; Jinyan and Dena small lines have been started, and they are basically for their own use but not for sale. Jinyan large line is expected to be delayed until next month. The tight supply situation in East China has not changed substantially. In the downstream, although the monomer rises with the rise of ethylene oxide price, the terminal demand has not been significantly boosted, which brings certain resistance to the rise of monomer price, the high cost of raw materials is difficult to be transmitted to the downstream, and the market mentality is cautious.
Insufficient momentum for continued growth, mainly stable.
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