On the 24th, the domestic ethylene oxide market generally rose by 200 yuan/ton, which significantly boosted the market for polycarboxylic acid water reducer monomers. The mainstream production plants' offers rose, and the actual order transactions rose steadily.
Today (25th), HPEG prices in East China and Northeast China rose by 200 yuan/ton to 12400-12600 yuan/ton and 12300-12500 yuan/ton, and TPEG prices in East China and Northeast China rose by 200 yuan/ton to 12600-12800 yuan/ton and 12500-12700 yuan/ton.
After entering March, the price of ethylene market in Northeast Asia rose sharply, from $1,230/ton in early March to $1,385/ton. Although there was a correction in April, the market price remained stable at $1,340/ton as of now. The ethylene market as a whole rose more or fell less, which played a significant supporting role in the ethylene oxide market.
In addition, the price of ethylene glycol, a related product, has risen sharply. Since late March, the domestic market price of ethylene glycol has continued to rise, from 6,800 yuan/ton to a high of 8,700 yuan/ton, with an overall increase of 28%. Although the market price has corrected on the 23rd, the current high market price supports the ethylene oxide market significantly. In addition, some devices in the ethylene oxide market have been overhauled one after another at the end of the month. Many positive factors have boosted the price of ethylene oxide market prices by 200 yuan/ton on the 24th.
Boosted by the general increase in the atmosphere of raw material ethylene oxide, the previous sluggish atmosphere in the polycarboxylic acid water reducer monomer market gradually improved, and the mainstream production plants led the increase in offers. Although the overall demand of downstream factories is limited compared with the same period last year, most downstream factories are still more enthusiastic about stocking up in the face of rising raw materials. The previous backlog of single factories has been significantly reduced, and it is difficult to find low prices for actual orders.
| Region | Products | Price (RMB/ton) |
|---|---|---|
| East China | TPEG | 12600-12800 |
| HPEG | 12400-12600 | |
| Northeast | TPEG | 12500-12700 |
| HPEG | 12300-12500 |
In summary, the price increase of ethylene oxide has firmly supported the market for polycarboxylic acid water reducer monomers. It can be seen from the ups and downs of ethylene glycol and the ups and downs of ethylene in Northeast Asia. The price increase of ethylene oxide market is cautious, and the price adjustment frequency is extremely slow and stable under the mutual stimulation of many empty and multiple factors. Therefore, in the short term, the trend of ethylene oxide market is still prominent on the basis of stable price. (The quotation in this information is for reference only, please use it with caution.)
