① Feedstock: East China ethylene oxide (EO) prices reached 9,700 yuan/ton; domestic ethylene prices rose to 9,050 yuan/ton.
② Demand: Market activity was primarily driven by rigid demand and spot replenishment orders, while downstream sentiment remained cautious with no significant change in wait-and-see attitudes.
Table 1 Domestic Polycarboxylate Superplasticizer (PCE) Monomer Price Summary (Unit: Yuan/ton)
| Region | Specification | 2026/10/08 | 2026/10/09 | Change | % Change |
|---|---|---|---|---|---|
| East China | EPEG | 10,400–10,700 | 10,300–10,700 | -100 / 0 | -0.96% / 0% |
| HPEG | 10,500–10,800 | 10,400–10,800 | -100 / 0 | -0.95% / 0% | |
| TPEG | 10,500–10,800 | 10,400–10,800 | -100 / 0 | -0.95% / 0% | |
| South China | EPEG | 10,500–10,700 | 10,400–10,600 | -100 / -100 | -0.95% / -0.93% |
| HPEG | 10,600–10,800 | 10,500–10,700 | -100 / -100 | -0.94% / -0.93% | |
| TPEG | 10,600–10,800 | 10,500–10,700 | -100 / -100 | -0.94% / -0.93% | |
| Northeast China | HPEG | 10,400–10,600 | 10,300–10,500 | -100 / -100 | -0.96% / -0.94% |
| EPEG | 10,400–10,600 | 10,300–10,500 | -100 / -100 | -0.96% / -0.94% | |
| TPEG | 10,500–10,700 | 10,400–10,600 | -100 / -100 | -0.95% / -0.93% | |
| Data Source: Chempricehub |
Today, domestic PCE monomer prices continued their downward trend. In the feedstock market, spot supply of ethylene oxide increased slightly, maintaining firm price levels. For ethylene, regional supply pressure remained low, reducing producers' willingness to offer discounts. Consequently, low-priced offers gradually disappeared, leading to a slight price increase, though trading volumes did not show significant improvement. While the fundamentals for the ethylene oxide market were relatively decent, they provided limited support to the monomer market. Monomer suppliers continued to discount to clear inventory, resulting in weak trading sentiment. In summary, East China EPEG prices are forecasted to range between 10,300–10,500 yuan/ton on the next working day.
Today, the industry capacity utilization rate for PCE monomers stood at 24.21%, representing a week-on-week decline. The gross profit margin for PCE monomer HPEG was -129 yuan/ton.
On the next working day, domestic PCE monomer prices are expected to trade weakly. The primary feedstock, ethylene oxide, is likely to remain stable. Spot resources in the EO market have increased somewhat, with narrow-margin discounts offered for clearance. Downstream industries are consuming strictly based on rigid demand with cautious sentiment. Ethylene producers show little willingness to continue offering discounts, suggesting prices will remain largely stable, providing limited cost-side support. In the monomer market, sales are primarily conducted at lower prices, overall trading sentiment remains thin, and most downstream buyers are in a wait-and-see mode, purchasing only necessary spot quantities with prices negotiated based on volume. In conclusion, East China EPEG prices are projected to be in the range of 10,300–10,500 yuan/ton.
① Ethylene Oxide (Feedstock): EO prices are expected to maintain a steady trend. On the supply side, falling MEG prices have reduced the incentive for co-production units to operate for MEG, keeping EO unit operating rates stable with no obvious increase in available supply. On the demand side, key downstream industries are following through with rigid demand, but market wait-and-see sentiment persists, limiting absorption capacity for EO. On the cost side, ethylene prices are trending weakly stable with an increase in available sellable inventory, providing limited cost support for EO. Overall, supply-side factors provide some support, and EO prices are expected to remain stable. Continued attention should be paid to upstream and downstream developments.
Table 2 Domestic PCE Monomer Data Overview (Unit: 10,000 tons)
| Metric | Release Date | Previous Period Data | Current Trend Forecast |
|---|---|---|---|
| Sellable Inventory Rate | Thursday 17:00 PM | -33.23% | ↗ |
| Weekly Output | Thursday 17:00 PM | 2.98 | ↘ |
| Capacity Utilization Rate | Thursday 17:00 PM | 26.72% | ↘ |
| Data Source: Chempricehub. Notes: 1. ↓↑ indicates significant fluctuation (changes exceeding 3%). 2. ↗↘ indicates minor fluctuation (changes within 0–3%). |
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