This month, the price of ethylene oxide showed a ladder upward trend, and the latest ex factory price was stable at 7800 yuan / ton.

In the upstream, affected by the general environment, the crude oil price was weak and fluctuated all the way, while ethylene opened high and went low. After hitting the price high at the beginning of the month, it also turned down and rebounded and repaired after the oversold at the end of the month. However, from the perspective of fundamentals, there are not many supporting factors and the upward space is limited. Up to now, the latest price of ethylene in Northeast Asia is US $965 / T, and that in Southeast Asia is US $960 / T, which is the same as that in the previous trading day. The price of ethylene in Luxi Chemical is 7800 yuan / T, and that in Jinshan Lianmao is 7600 yuan / T. According to the latest price of the current external market, the profit of ethylene oxide is around 600 yuan.

In the downstream, the continuous rise of ethylene oxide prices has led to a narrow upward exploration of monomer prices. Especially in the middle and late ten days, the supply of ethylene oxide, especially in East China, has been significantly tightened, the market is hard to find a single product, and the monomer manufacturers are facing a shortage of raw materials, pushing up the quotation. However, the short-term good brought by the unit can not offset the negative sentiment in the market, and the terminal has obvious resistance to high prices, More than just need to purchase, the actual transaction price of the monomer continues to decline, the focus is obviously downward, and the profit transmission of the industrial chain is limited.

The demand side suppresses the disk, waits for the cost side guidance in the short term.