I. Key Points
On November 4, the Democratic Party won the U.S. midterm elections. Market expectations for a de-escalation of the U.S.-Iran conflict led to reduced concerns over supply risks and a drop in international crude oil prices. NYMEX WTI crude oil futures (December contract) fell by USD 7.97/barrel to USD 88.12/barrel, a week-on-week decrease of 8.29%. ICE Brent crude oil futures (January contract) declined by USD 8.98/barrel to USD 94.62/barrel, a week-on-week decrease of 8.67%. INE crude oil futures (December 2026 contract) dropped by CNY 18.7 to CNY 676.2/barrel, with night session trading falling by CNY 47.8 to CNY 628.4/barrel.
On November 4, the price of ethylene oxide in the key East China market remained unchanged at CNY 9,700/ton compared to the previous period.
II. Price Summary
Table 1: Summary of Domestic Polycarboxylate Superplasticizer Monomer Prices (Unit: CNY/ton)
| Product | Market | Specification | 2026/11/03 | 2026/11/04 | Change | % Change | Unit |
|---|---|---|---|---|---|---|---|
| Polycarboxylate superplasticizer monomer | East China | EPEG | 10,400–10,600 | 10,400–10,600 | 0 / 0 | 0% / 0% | CNY/ton |
| Polycarboxylate superplasticizer monomer | East China | HPEG | 10,500–10,700 | 10,500–10,700 | 0 / 0 | 0% / 0% | CNY/ton |
| Polycarboxylate superplasticizer monomer | East China | TPEG | 10,500–10,700 | 10,500–10,700 | 0 / 0 | 0% / 0% | CNY/ton |
| Polycarboxylate superplasticizer monomer | South China | EPEG | 10,400–10,700 | 10,400–10,700 | 0 / 0 | 0% / 0% | CNY/ton |
| Polycarboxylate superplasticizer monomer | South China | HPEG | 10,500–10,800 | 10,500–10,800 | 0 / 0 | 0% / 0% | CNY/ton |
| Polycarboxylate superplasticizer monomer | South China | TPEG | 10,500–10,800 | 10,500–10,800 | 0 / 0 | 0% / 0% | CNY/ton |
| Polycarboxylate superplasticizer monomer | Northeast China | HPEG | 10,150–10,350 | 10,150–10,350 | 0 / 0 | 0% / 0% | CNY/ton |
| Polycarboxylate superplasticizer monomer | Northeast China | EPEG | 10,150–10,350 | 10,150–10,350 | 0 / 0 | 0% / 0% | CNY/ton |
| Polycarboxylate superplasticizer monomer | Northeast China | TPEG | 10,250–10,450 | 10,250–10,450 | 0 / 0 | 0% / 0% | CNY/ton |
Data source: Chempricehub
III. Market Outlook
Today, domestic polycarboxylate superplasticizer monomer prices are expected to remain stable. The primary raw material, ethylene oxide, is likely to maintain steady pricing as units undergoing maintenance have not yet restarted; consequently, short-term market supply remains in a tight equilibrium. Downstream industries continue to consume based on essential demand. With insufficient spot ethylene supply domestically, derivative products show increased tolerance for higher prices, suggesting potential upward price movement driven by cost-side support. Monomer producers are primarily holding firm on prices while shipping inventory, with a clear reluctance to sell at lower levels. Downstream buyers are procuring strictly according to essential needs and remain cautious about purchasing high-priced cargo, resulting in somewhat weak actual transaction activity and volume-dependent negotiations. In summary, the price of EPEG in the key East China market is projected to range between CNY 10,400–10,600/ton today.
IV. Data Calendar
| Indicator | Release Date | Previous Period | Expected Trend This Period |
|---|---|---|---|
| Sellable Inventory Rate | Thursday 17:00 PM | -24.86% | ↗ |
| Weekly Production Volume | Thursday 17:00 PM | 33,800 tons | ↘ |
| Capacity Utilization Rate | Thursday 17:00 PM | 30.33% | ↘ |
Data source: Chempricehub
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