Up and down stream sound of ethylene oxide or continue to go down

wallpapers Industry 2020-12-09

ethylene oxide market can only be described in one word - down. Whether at this stage or in the future, whether upstream or downstream, ethylene oxide is full of falling sound. In July, the ethylene oxide Market, which originally maintained a weak consolidation, suddenly fell sharply on July 17. The market price in South China and Northeast China dropped by 600 yuan (ton price, the same below), ranking first in the decline of chemical products, and the current mainstream implementation price was 8300 yuan. After the market raw material falls, the supply increases, the demand is light and so on bad luck concentrated attack, the ethylene oxide price is afraid to continue the downward journey. The supply of

and

is expected to increase, and the price of

and

is expected to increase. The two price cuts of

and

in May made the ethylene oxide Market shrouded in panic. The factory began to adopt the policy of limiting production and maintaining price, but the market has been difficult to reverse and maintain weak consolidation. " Director Zhu of PetroChina Northeast sales company said.

and

market downturn caused by the supply of sufficient, and will continue to affect the future market. It is understood that on July 7, the production capacity of Sanjiang Petrochemical new plant was 180000 tons / year, and ethylene oxide products entered the market, with a daily output of about 2000 tons.

,

and "East China" is the main supply area of ethylene oxide. The current supply continues to increase, causing panic to the market. In the future, the supply side is expected to increase, which will completely crush the willingness of manufacturers to support prices. " Zhu said.

and

it is understood that the 80000 T / a ethylene oxide plant in Tianjin Zhongsha has started operation recently; the 200000 t / a ethylene oxide co production unit of Liaoning North Chemical Co., Ltd. is expected to start operation in the later ten days of this month; the new plant with a capacity of 75000 tons / year of Far East Group is expected to ship products this week. Regional supply will continue to increase, and the overall situation is that supply exceeds demand.

and

at present, ethylene oxide manufacturers are under great pressure of loss and almost have no profit to speak of. If they continue to reduce their prices, they will suffer more serious losses. However, in the face of the continuous increase in spot circulation, manufacturers have to reduce prices after the failure of limiting production and supporting prices. If there is no significant positive in the future market, it is inevitable that the market will continue to go down. The raw materials of

and

continued to soften, and the crude oil market was weak. The ethylene

and

, which had been relatively stable in recent years, also fell continuously recently, becoming the accomplice of the price decline of ethylene oxide. Ethylene in Northeast Asia fell to US $1185 last week, down $60 or 5.06% from the previous week, US $235 from the same period last month, with a monthly decrease of 19.8%. Southeast Asian ethylene fell by 9.95% in the week and 29.4% in the same period last month Jilin Baoyuan chemical trading company manager said.

and

are very concerned about the future market of ethylene. According to the current trend of crude oil and its influencing factors, it is difficult to see a continuous strong rebound in the later period of crude oil. It is expected that it will be difficult for the ethylene market to rise in the short term, or will continue to show a downward trend. The conclusion of

and

comes from the comprehensive judgment of foreign situation. The news of the impending Iran nuclear deal put pressure on the oil market. Investors worried that the increase in Iranian oil output in the later period would aggravate the oversupply situation in the oil market, and overshadowed the favorable factors brought about by the rescue agreement between Greece and creditors, making the international oil price lower at the beginning. From the perspective of

and

, the overall background of oversupply in the whole oil market continues. While Iran's oil export is expected to increase, OPEC's stance on maintaining high yield remains unchanged, and the possibility of further downward adjustment of international oil price is not ruled out. Therefore, for the chemical market, raw materials are difficult to support, or will drive the whole chemical market to continue to decline. The terminal demand of

and

is light, and it is difficult to purchase in large quantity. As the largest downstream ethanolamine of ethylene oxide,

and

are all in a falling state, and the market is weak. Ethanolamine market is difficult to recover in a short time. From the perspective of the aftermarket, weak terminal demand will become a stumbling block on the road to a better price of ethylene oxide. First of all,

and

are nonionic surfactants. At present, the operating rate of domestic surfactant manufacturers has been lowered, and they will continue to adopt production restriction to maintain the balance of supply and demand. Under the shadow of high inventory, manufacturers' shipment is slow, and the purchase of raw materials will continue to be light, and it is difficult to have large orders.

and

are followed by polyether (polyurethane). In the case of lower operating rate and lower price, it is difficult to stimulate the purchase of gas, so the production enthusiasm of the factory will be seriously dampened, and the demand for raw materials will slow down. Most of the operators are not optimistic about the future market.

look at polyester staple fiber (Textile). Domestic polyester staple fiber market is weak, staple fiber factories report high and output low, downstream yarn factory replenishment is negative, and low demand depresses the market. At present, raw materials PTA, MEG market is weak, lack of rebound momentum, although there is cost support, but the demand is negative, leading the market, staple fiber factories may continue to reduce production to support the market in the later stage, it is expected that the market of short-term polyester staple fiber may continue to fall.

to sum up, compared with the current hot summer, ethylene oxide Market is a little cold. Supply, raw materials, and demand of the three parties came in succession, making the future market of ethylene oxide more difficult and continue to struggle on the way to the bottom.


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