Ethylene oxide daily review (2021 / 10 / 20)

At present, the latest quotation of ethylene oxide industrial chain: the ex factory price of ethylene oxide in East China, North China and Northeast China is 9500 yuan / ton, and that in South China and central China is 9700 yuan / ton. In terms of upstream ethylene, the external price of ethylene in Northeast Asia was US $1190 / T, an increase of US $25 / T compared with the previous trading day, the external price of ethylene in Southeast Asia was US $1105 / T, an increase of US $25 / T compared with the previous trading day, and the quotation of Jinshan Lianmao ethylene today was 9500 yuan / T, which was flat compared with the previous trading day. Downstream polycarboxylate superplasticizer monomer: the ex factory quotation of hPEG of Hubei Lingan technology is 12200 yuan / ton, the price of TPEG is 12500 yuan / ton, and the price of domestic hPEG of Shanghai Dongda chemical is 12200 yuan / ton.

Upstream, due to strong demand, the decline of gasoline and distillate stocks in the United States far exceeded expectations, the global shortage of coal and natural gas, and the overall oil market is still supported. As a crude oil derivative, naphtha moves synchronously with crude oil, the ethylene market is expected to tighten supply, and the price continues to rise. At present, high energy prices will become a long-term factor. The shortage of ethylene oxide supply has not been effectively alleviated. The national development and Reform Commission has taken action to curb coal prices, and ethylene glycol has also fallen. Even if the profit space of MEG and EO is not considered at present, it will take some time for MEG to switch to EO until the market supply can effectively adjust the market supply and demand, and the market is still in a tight pattern. With the support of rising raw material prices, tight supply and demand and a better economic environment, market participants generally believe that the market will continue the high-level operation mode in the short term.

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