The price of ethylene oxide remained stable as a whole this month, with the ex factory price of 7700 yuan / ton.

Commodity “upstream hot, downstream cold” phenomenon has continued for a long time. As of today, the price of ethylene in Northeast Asia is 1025 US dollars / ton, down 80 US dollars / ton compared with the beginning of this month, down 7.24%. Based on the current external price, the profit of ethylene oxide is around 300 yuan, the price of ethylene continues to decline, the support of cost side is weakened, and the room for ethylene oxide to decline is obvious. The decline of ethylene price caused the mood fluctuation of the industry, the weak market in the downstream continued, the monomer price remained stable, especially the recent rumors of ethylene oxide price reduction intensified, and the market was full of wait-and-see atmosphere. Due to the impact of new production capacity and the expected arrival of goods in June, the market of related product ethylene glycol fluctuated at a low level, which could not effectively support the regulation of ethylene oxide supply side.

At present, it is temporarily stable. If ethylene price continues to weaken, ethylene oxide may be reduced accordingly.