I. Key Points
Oct 30: Market attention is focused on the potential escalation of US-Iran tensions, while Houthi attacks on Saudi Arabia have heightened supply risks, driving up international crude oil prices. NYMEX WTI crude futures (December contract) rose by USD 2.12/bbl to USD 104.12/bbl, a week-on-week increase of +2.08%. ICE Brent crude futures (December contract) increased by USD 2.76/bbl to USD 117.64/bbl, a week-on-week rise of +2.40%. China INE crude oil futures (contract 2612) fell by CNY 8.3 to CNY 727.6/bbl during the day session but rebounded by CNY 30.9 to CNY 758.5/bbl in the night session.
Oct 30: The port-side ethylene USD price (CFR Northeast Asia) stood at USD 1,230/tonne, remaining flat compared to the previous business day.
Oct 30: The daily capacity utilization rate for China's ethylene oxide (EO) industry was 54.46%.
II. Price Table
| Price Type | Product Name | Market Region | Pricing Basis | Oct 29, 2026 | Oct 30, 2026 | Change | % Change | Unit |
|---|---|---|---|---|---|---|---|---|
| Market Price | Ethylene Oxide | East China | Market Price | 9,700 | 9,700 | 0 | 0% | CNY/tonne |
| Market Price | Ethylene Oxide | South China | Market Price | 9,700 | 9,700 | 0 | 0% | CNY/tonne |
| Market Price | Ethylene Oxide | Central China | Market Price | 10,100 | 10,100 | 0 | 0% | CNY/tonne |
| Market Price | Ethylene Oxide | North China | Market Price | 9,500 | 9,500 | 0 | 0% | CNY/tonne |
| Market Price | Ethylene Oxide | Northeast China | Market Price | 9,500 | 9,500 | 0 | 0% | CNY/tonne |
III. Market Outlook
Ethylene oxide prices are expected to remain stable today. On the supply side, although some units have slightly increased operating rates, multiple facilities within the market are undergoing maintenance or shutdowns, resulting in tight overall supply. On the demand side, downstream procurement is primarily driven by rigid demand, with market participants adopting a cautious stance; transactions are negotiated based on volume. Regarding costs, domestic ethylene prices are trading strongly due to tight local supply. Losses in styrene-derived product markets have narrowed, leading to increased external sourcing demand and maintaining a balanced supply-demand dynamic. Overall, tight supply and high costs provide floor support for the ethylene oxide market. Prices are expected to stabilize in the short term, with continued monitoring of upstream and downstream developments required.
| Data Item | Release Time | Previous Period Data | Current Trend Forecast |
|---|---|---|---|
| Weekly Output | Thursday 16:00 PM | 125,100 tonnes | ↘ |
| Capacity Utilization Rate | Thursday 16:00 PM | 56.11% | ↘ |
| Profit Margin (External Sourcing / Imported Ethylene Method) | Thursday 16:00 PM | 1,512.52 CNY/tonne | ↘ |
| Note: 1. ↓↑ indicates significant fluctuation, highlighting data dimensions with changes exceeding 3%. 2. ↗↘ indicates narrow-range fluctuation, highlighting data dimensions with changes within 0-3%. |
Data Source: Chempricehub Information
Comments
0