I. Key Points
September 21: Reports indicating a potential resumption of US-Iran negotiations have eased market concerns, leading to a decline in international crude oil prices. The NYMEX WTI futures October contract closed at $95.78/bbl, down $4.52/bbl (-4.51% WoW); the ICE Brent futures November contract closed at $100.34/bbl, down $3.53/bbl (-3.40% WoW). The INE crude oil futures November 2026 contract fell by 23.6 yuan to 730.8 yuan/bbl during the day session and dropped another 16.5 yuan to 714.3 yuan/bbl in the night session.
September 21: The CFR Northeast Asia ethylene spot price (USD basis) stood at $1,180/ton, unchanged from the previous business day.
September 21: The daily operating rate for China's ethylene oxide industry was 49.22%.
II. Price List
| Market | Specification | Sep 20 | Sep 21 | Change | % Change |
|---|---|---|---|---|---|
| East China | / | 9,700 | 9,700 | 0 | 0.00% |
| Central China | / | 10,100 | 10,100 | 0 | 0.00% |
| North China | / | 9,500 | 9,500 | 0 | 0.00% |
| South China | / | 9,700 | 9,700 | 0 | 0.00% |
| Northeast China | / | 9,500 | 9,500 | 0 | 0.00% |
| Key Downstream | |||||
| East China | Polycarboxylate Superplasticizer Monomer EPEG | 12,100 | 11,900 | -200 | -1.65% |
Data Source: Chempricehub Information
Notes:
III. Market Outlook
The ethylene oxide market is expected to maintain its high-level trajectory today. On the supply side, rising monoethylene glycol (MEG) prices have shifted the production focus of co-production units toward MEG. Combined with persistently high feedstock costs and tight supply, there are no immediate expectations for increased supply. Downstream major industries are operating steadily, with demand consumption progressing consistently. Regarding costs, domestic producers have shown increased willingness to sell ethylene; however, derivative prices have generally declined, resulting in weak profitability. Trading sentiment remains moderate today, though cost support persists. Overall, short-term supply constraints and cost pressures continue to support prices, keeping ethylene oxide prices firm. Continued attention should be paid to upstream and downstream dynamics.
| Indicator | Release Time | Previous Period | Expected Trend This Period |
|---|---|---|---|
| Weekly Output | Thursday 16:00 PM | 115,400 tons | ↗ |
| Operating Rate | Thursday 16:00 PM | 51.82% | ↗ |
| Profit Margin (Imported Ethylene Route) | Thursday 16:00 PM | 1,193.08 RMB/ton | ↘ |
Note: ↓↑ indicates significant fluctuation (highlighting data dimensions with changes exceeding 3%). ↗↘ indicates narrow fluctuation (highlighting data dimensions with changes within 0-3%).
Data Source: Chempricehub Information
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