I. Key Highlights
Sep 23: Iran stated that it is not in a rush to initiate negotiations until relevant conditions are met, and the Strait of Hormuz remains closed for now, driving up international oil prices. NYMEX crude oil futures (November contract) rose by USD 1.64/bbl to USD 92.16/bbl, an increase of +1.81% compared to the previous session; ICE Brent crude futures (November contract) surged by USD 3.83/bbl to USD 103.08/bbl, a rise of +3.86%. China INE crude oil futures (November 2026 contract) fell by CNY 22 to CNY 695.1/bbl during the day session but rebounded by CNY 34.9 to CNY 730/bbl in the night session.
Sep 23: Port ethylene spot price (CFR Northeast Asia, USD basis) stood at USD 1,180/ton, unchanged from the previous working day.
Sep 23: The daily capacity utilization rate of China's ethylene oxide industry was 49.26%.
II. Price Table
| Market | Specification | Sep 22 | Sep 23 | Change | % Change |
|---|---|---|---|---|---|
| East China | / | 9700 | 9700 | 0 | 0.00% |
| Central China | / | 10100 | 10100 | 0 | 0.00% |
| North China | / | 9500 | 9500 | 0 | 0.00% |
| South China | / | 9700 | 9700 | 0 | 0.00% |
| Northeast China | / | 9500 | 9500 | 0 | 0.00% |
| Key Downstream | |||||
| East China | Polycarboxylate superplasticizer monomer EPEG | 11900 | 11750 | -150 | -1.26% |
Data Source: Chempricehub Information
Notes:
- The two periods refer to point-in-time prices on the past two working days, not weekly averages.
- All RMB prices in the table above are ex-works cash prices including VAT.
- Percentage change refers to the period-over-period change.
- Unit: CNY/ton.
III. Market Outlook
The ethylene oxide market is expected to maintain firm trading at high levels today. On the supply side, ethylene glycol prices have softened slightly from their highs, causing co-production units to continue prioritizing ethylene glycol production in the short term. Consequently, there has been no significant increase in spot supplies of ethylene oxide, maintaining a tight supply-demand balance. Operating rates among major downstream industries remain stable, with steady release of essential demand. Regarding costs, domestic producers have limited spot ethylene availability, relying primarily on contract supplies. However, performance in derivative markets has been lackluster, with transactions driven mainly by essential demand. Ethylene prices are consolidating within a narrow range, offering limited support from the cost side. Overall, both supply constraints and cost factors continue to support prices in the short term, keeping ethylene oxide prices firm. Continued attention should be paid to developments in upstream and downstream sectors.
| Data Item | Release Date | Previous Period | Current Trend Forecast |
|---|---|---|---|
| Weekly Output | Thursday 16:00 PM | 115,400 tons | ↗ |
| Capacity Utilization Rate | Thursday 16:00 PM | 51.82% | ↗ |
| Profit Margin (Imported Ethylene Process) | Thursday 16:00 PM | CNY 1,193.08/ton | ↘ |
Legend:
- ↓↑ indicates significant fluctuation, highlighting data dimensions with changes exceeding 3%.
- ↗↘ indicates minor fluctuation, highlighting data dimensions with changes within 0–3%.
Data Source: Chempricehub Information
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