1、 Price trend

This month, EO price adjustment is frequent. For example, in the mainstream East China region, the price has been increased three times, from 6300 yuan / ton at the beginning of the month to 7000 yuan / ton at the end of the month, with an increase of 11%.

2、 Industrial chain:

Thanks to the continuous increase of crude oil price, the market went up. On January 1, the price of ethylene in the CFR Northeast Asia market was $375.00/t, and on September 29, it was $720 / T. although the increase slowed down, the trend was still strong. In addition, the supply of ethylene in Northeast Asia was tight, which led the downstream industry to recover. The consolidation after the rise of ethylene glycol has brought certain support to the market of ethylene oxide on the basic level. However, due to the maintenance of some ethylene oxide units, the supply side is tight and the price is rising, which plays a driving role in the downstream market. The downstream monomer market is stable after the price rise, and the follow-up situation is still based on rigid demand, with a strong wait-and-see atmosphere. It is reported that the overhaul device in North China is planned to be restarted in early July, and that in East China is planned to be overhauled from July to August.

3、 Forecast:

We need to pay attention to the change of raw material price and factory news in a timely manner.