First, the price trend

Business News: Domestic ethylene oxide market prices held steady in July

According to business community data, as of July 31, the average price of ethylene oxide was 10077.27 yuan / ton (both tax included), compared with 4.23% at the beginning of the month, the current domestic mainstream reference price is located at 9900-10200 yuan / ton.

Second, the market analysis

Products: In July, the domestic ethylene oxide market price held steady, stable and good, the factory shipments were stable, the related products of ethylene glycol were strong, and the market sentiment was optimistic; the regional supply of goods was tight to drive the ethylene oxide market upward. The downstream demand is better, the ethylene oxide is smooth, Sinopec Huadong 10100 yuan / ton, Sinopec North China 10200 yuan / ton, Sinopec Maoming 10100 yuan / ton, Jilin Petrochemical 9900 yuan / ton.

Industry chain: The raw material ethylene is in a narrow range, the trend is weak, the related products ethylene glycol continues to be strong, some regions are still tight, the demand is limited, and the ethylene oxide market maintains a steady and small upward trend.

Macro: The ethylene oxide commodity index on July 30 was 87.76, which was the same as yesterday, which was 24.16% lower than the highest point in the cycle of 115.71 points (2012-12-04), which was higher than the lowest point of 60.72 points on September 10, 2015. 44.53%. (Note: Period refers to 2012-01-04 to date)

Third, the market outlook

It is expected that in the short-term digestion and consolidation stage of the ethylene oxide market, the tight supply trend will be eased, and the trend of large increase is not obvious, followed by follow-up.