Weak stability of ethylene oxide prices in June

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 June 29, 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%.

Overview of ethylene oxide industry chain

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

At the end of last month, large factories lowered their prices by 500 yuan/ton. In June, epoxy ethane basically maintained a horizontal operation of 6000 yuan/ton. Before the holiday, Taixing Jinyan underwent maintenance, Liaoyang Petrochemical temporarily suspended production, Sanjiang Chemical, Yangzi Petrochemical and other companies reduced production and operation; Due to the force majeure, the load of Zhongke device dropped to a low level, resulting in the gradual tightening of supply in South China. After returning to Taixing after the holiday, Jinyan began to resume production, and the overall capacity utilization rate of ethylene oxide slightly improved.