Ethylene oxide daily review (March 3, 2022)

The price of ethylene oxide is temporarily stable. The ex factory price in East China, North China, South China and Northeast China is 8200 yuan / ton, and the ex factory price in Central China is 8400 yuan / ton.

 

The surge in crude oil prices has driven commodity prices upward as a whole, and ethylene prices have also risen steadily. At present, the latest external price of ethylene in Northeast Asia is 1250 US dollars / ton, up 20 US dollars / ton compared with the price on the previous trading day; The external price of ethylene in Southeast Asia was 1250 US dollars / ton, an increase of 50 US dollars / ton compared with the previous trading day. The quotation of ethylene in Luxi Chemical today was 8500 yuan / ton, an increase of 300 yuan / ton compared with the previous trading day. The terminal is weak, the transaction is light, the shipment mentality is mainly, the negotiation focus is low, and the downstream are waiting for the future trend of ethylene oxide. In recent days, ethylene glycol, a co production product, has increased significantly due to the unilateral pull of crude oil, but the oversupply and weak demand side are still holding back.

 

Forecast: Despite the serious polarization between upstream and downstream long and short positions of ethylene oxide, the cost side is strongly driven, the production is under pressure, and the center of gravity still moves upward.

Polyglutamic acid

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