Ethylene oxide remained stable this week. The ex factory price of ethylene oxide is 7700 yuan / ton.

Affected by the epidemic in India and the restart of oil pipelines in the United States, oil prices continued to fall. In the ethylene plant, Sinopec Beijing Yanshan Petrochemical is currently in shutdown and plans to restart the cracking unit before the middle of May 2021; Lotte chemical plans to carry out the planned shutdown and maintenance in mid May 2021 for about 35-40 days. The price of ethylene is stable after a slight rise. At present, the latest price of Northeast Asia ethylene is stable, with the quoted price of 1150 US dollars / ton, Jinshan United trade ethylene price of 8300 yuan, and Luxi Chemical ethylene price of 8280 yuan / ton.

Satellite Petrochemical line 1 has also been shipped during May 1, and line 2 is planned to start next week. Sinopec’s load has also increased slightly. At present, except for Sinopec and satellite Petrochemical’s ethane to ethylene plants, other private enterprises’ epoxy plants are close to the cost line. Although the market supply side is relatively abundant, the downstream construction situation is gradually improving, and the number of monomer inquiry is increasing, Monomer manufacturers have the intention to pull up, and the market mentality is enhanced.

At present, the cost support is strong, but due to the market downturn in the early stage, the manufacturer’s inventory is under pressure. It will take some time to digest the inventory in the early stage, and the market is expected to be stable.