Ethylene oxide remained stable this week. At present, the ex factory price of ethylene oxide in East China, North China, South China and Northeast China is 8200 yuan / ton, and that in Central China is 8400 yuan / ton.

Upstream, the upcoming EU sanctions on Russian oil raised the prospect of tightening supply and freed the industry from concerns about global economic growth. Oil prices rose nearly 1.5% on Friday, rising for the second consecutive week, naphtha spot valuation rose, and the spot price spread remained stable at + 1.67 US dollars / barrel. Despite the high volatility of energy, the purchasing sentiment in the Asian market is still low, and the ethylene price continues to fall. At present, the latest external price of ethylene in Northeast Asia is 1190 US dollars / ton, down 20 US dollars / ton from the price of the previous trading day; The external price of ethylene in Southeast Asia was US $1240 / ton, down US $20 / ton from the price on the previous trading day; Luxi Chemical ethylene quoted 8600 yuan / ton today, and Jinshan Lianmao ethylene quoted 8400 yuan / ton today, which was the same as that of the previous trading day.

Ethylene prices have fallen, EO manufacturers’ profit margins have increased and cost pressures have eased. Based on the current external price, ethylene oxide profit margins are around 400 yuan. Taixing Jinyan ethylene oxide 200000 ton ethylene oxide unit has been restarted, some units of satellite Petrochemical have been shut down for a short time, and the market supply is stable. The current valuation of ethylene glycol fluctuates in the low range, and the support for ethylene oxide is not obvious.

The demand in the downstream monomer market is still weak, the supply side is low and fluctuates slightly, and the transportation restrictions continue, so the trading is still slightly cold.

Forecast: temporarily stable.