Ethylene oxide price reduction, the decline is less than expected, wait-and-see mood does not decrease, polycarboxylate water reducer main material market 2022.10.20

Mingzhi Whisper

Today is Thursday, October 20, 2022, the 25th of the ninth lunar month. Everyone works hard to live a better life. If you don't want to live a life that you don't even look down on yourself, then show your determination to work hard! Hard work can only pass, and hard work can lead to excellence.

Today's market

crude oil

Category Price ups and downs
WTI 85.55 + 2.73
Brent 92.41 + 2.38

The inventory report released by the U.S. Energy Information Administration (EIA) shows that the U.S. crude oil and gasoline inventories fell sharply last week, coupled with the large-scale release of strategic crude oil reserves in the early stage, the U.S. inventory replenishment is expected to increase the demand for crude oil, and oil prices rebounded after falling for many days. International oil prices closed higher.

Ethylene oxide

Region Average price ups and downs
northeast 7200 -200
South China 7200 -200
east china 7400 0
North China 7400 0
Central China 7600 0

The ethylene oxide market is running weakly, and the upstream material price remains stable. As of press time, the price of ethylene oxide in some regions has been lowered first. This time, the reduction is not large, and it is not as good as the market decline expectation. The market's expectations have not been released, which has increased the uncertainty of the later market trend. The industry's wait-and-see sentiment has not subsided. Most of them judge that there is another boot, and pay close attention to the changes in the news.

acrylic acid

Region Average price ups and downs
east china 6700 -100
South China 7000 -100
North China 6600 -200

The acrylic market is running weakly, holders are more willing to support the price, low-priced orders on the market are reduced, downstream pick-up enthusiasm is not high, most rigid demand purchases are selected for low transactions, the overall transaction is still flat, transportation obstacles still exist, delivery cycles are growing, and demand side support is weak. Under the pattern, it is expected that the short-term acrylic market may maintain a weak market.

polyether monomer

Manufacturer HPEG TPEG
Oak 8200 8500
Sheng Rui 7800 8100
sheng xin 8200 8400
Dongke 8200 8500
Optimization 8300 8500
Sirbon 8200 8500
Jinyu 8200 8500
Rakuten 8500 8800
sanjiang 8300 ----
stone 8400 8700
national tent 8800 9100
satellite 8900 9000
xiu lin 9000 9200
Ling An 8500 8800
huifeng 8500 8800
Zhuo Xing 8600 8900

The polycarboxylic acid water reducer monomer market is running weakly, the upstream ethylene oxide price is lowered, reducing the cost pressure of monomer manufacturers, and some manufacturers still suspend quotations. This ethylene oxide reduction is small, but it has increased the market wait-and-see mentality and the uncertain judgment of the market outlook. It has added a layer of veil to its own weak market conditions. The willingness of downstream connections is not good, and the rigid demand is maintained. The end point demand is insufficient. As the temperature cools, the overall business volume continues to shrink. Monomer manufacturers let profits go to maintain operations. The actual single price is biased to a low level. It is expected that the short-term monomer market may maintain a weak market. Continue to pay attention to the changes in the upstream news.

Actual order price: HPEG Northeast China 7800-8100 yuan/ton, TPEG Northeast China 8000-8300 yuan/ton; HPEG East China 7800-8100 yuan/ton, TPEG East China 8000-8300 yuan/ton; HPEG South China 7900-8200 yuan/ton, TPEG South China 8100-8400 yuan/ton.