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Upstream Material- Ethylene Oxide Price Trend

Views: 0     Author: Site Editor     Publish Time: 2022-06-10      Origin: Site

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Upstream Material- Ethylene Oxide Price Trend

On May 30, the domestic ethylene oxide prices are down in the range of CNY 500 /ton, including north China, South China, Northeast and East China ex-factory price of CNY 7700 /ton, central China ex-factory price of CNY 7800/ton.

As for raw materials, the Ethylene market in Asia was stable with CFR Northeast Asia quoting US$1046- US $1056 / ton and CFR Southeast Asia quoting US $1146- US $1156 / ton. International crude oil futures prices rose.

U.S. oil markets were closed for the Memorial Day holiday on Monday, May 30. On May 30, the main contract for Brent crude oil future prices are settled at $117.60 a barrel, up in the range of $2.04, or 1.77%. Affected by the rise of upstream crude oil prices , ethylene market may mainly rise.

Downstream polycarboxylic acid plasticizer monomer is affected by sporadic COVID-19 outbreaks in China, the demand is still weak, manufacturers mainly reduce inventories, market transaction prices are falling. In short line ethylene oxide is expected to fall after stable operation.

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