Stable operation of ethylene oxide prices in May 2024
In May 2024, the price of ethylene oxide remained stable and the price gradient increased within the year. According to data from Business Society, as of May 10th, the average market price of ethylene oxide in China was 7000 yuan/ton, an increase of 9.38% compared to the market average price of 6400 yuan/ton at the beginning of the year.
Loose prices of some downstream products
At present, the industrial chain is in a state of poor cost oriented transmission. After the upstream raw material ethylene price rose, it remained at a relatively high level, but some downstream product prices slightly fell. Coupled with the main downstream polycarboxylate water reducing agent monomer prices remaining stable, the demand for ethylene oxide is generally supported.
Future market forecast
Under the support of cost, the price of ethylene oxide may continue to remain strong, but in the later stage, with the resumption of production of early maintenance equipment, there is an expected increase in supply side pressure, with significant upward pressure. Coupled with the unsatisfactory transmission of downstream product prices, short-term fluctuations and stability maintenance are the main reasons.
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