① Feedstock: East China ethylene oxide (EO) prices stood at 9,700 yuan/ton, while domestic ethylene prices remained stable at 9,050 yuan/ton.
② Demand: The market sentiment was predominantly wait-and-see, with downstream procurement activity remaining generally subdued.
Table 1: Summary of Domestic Polycarboxylate Superplasticizer (PCSP) Monomer Prices (Unit: Yuan/Ton)
| Region | Specification | Oct 9, 2026 | Oct 10, 2026 | Change (Yuan/Ton) | Change (%) |
|---|---|---|---|---|---|
| East China | EPEG | 10,300–10,700 | 10,100–10,600 | -200 / -100 | -1.94% / -0.93% |
| HPEG | 10,400–10,800 | 10,200–10,700 | -200 / -100 | -1.92% / -0.93% | |
| TPEG | 10,400–10,800 | 10,200–10,700 | -200 / -100 | -1.92% / -0.93% | |
| South China | EPEG | 10,400–10,600 | 10,300–10,500 | -100 / -100 | -0.96% / -0.94% |
| HPEG | 10,500–10,700 | 10,400–10,600 | -100 / -100 | -0.95% / -0.93% | |
| TPEG | 10,500–10,700 | 10,400–10,600 | -100 / -100 | -0.95% / -0.93% | |
| Northeast China | HPEG | 10,300–10,500 | 10,000–10,200 | -300 / -300 | -2.91% / -2.86% |
| EPEG | 10,300–10,500 | 10,000–10,200 | -300 / -300 | -2.91% / -2.86% | |
| TPEG | 10,400–10,600 | 10,100–10,300 | -300 / -300 | -2.88% / -2.83% |
Data Source: Chempricehub
Today, domestic PCSP monomer prices continued their downward trend. In the feedstock market, ethylene oxide traded primarily on essential demand with firm pricing. Domestic ethylene producers faced manageable spot circulation pressure, maintaining firm offers. Currently, there are no clear macroeconomic indicators guiding the market, and derivatives markets experienced narrow-range fluctuations. While the fundamentals for ethylene oxide remain relatively sound, PCSP monomer markets face cost pressures, leading to price concessions to facilitate sales amid thin trading activity. Consequently, the price for East China EPEG, a key benchmark, is forecasted to range between 10,000–10,500 yuan/ton in the next working day.
Today, the operating rate of the PCSP monomer industry stood at 28.44%, representing a week-on-week decline. The gross profit margin for HPEG was reported at -291 yuan/ton.
In the next working day, domestic PCSP monomer prices may experience slight declines. Key raw material ethylene oxide is expected to remain temporarily stable. Spot resources in the monomer market will likely be offered with minor price concessions. Downstream industries continue to maintain weak self-demand, purchasing only based on essential needs. Ethylene producers anticipate an increase in available sellable resources, potentially leading to slight price reductions; thus, support from the cost side may be limited. Low-priced inventory in the monomer market is increasing, while downstream buyers are mainly purchasing for immediate needs with limited follow-up orders. Transactions are negotiated based on volume. Overall, the price for East China EPEG is projected to fall within the 10,000–10,500 yuan/ton range.
① Ethylene Oxide (Feedstock): EO prices are expected to remain stable at high levels. On the supply side, EO plant utilization rates are steady, with previously shut-down units for maintenance yet to restart, resulting in no significant increase in market supply. Monoethylene glycol (MEG) market prices are trending weakly, raising expectations that co-production units might shift production toward EO. On the cost side, domestic ethylene prices have risen slightly, with no current supply pressure; downstream derivative markets remain driven by essential demand. Overall, fundamental factors show no obvious volatility, but future developments in both upstream and downstream sectors warrant attention.
Table 2: Domestic PCSP Monomer Data Overview (Unit: 10,000 Tons)
| Metric | Release Time | Previous Period | Expected Trend |
|---|---|---|---|
| Sellable Inventory Rate | Thursday 17:00 PM | -27.68% | ↗ |
| Weekly Output | Thursday 17:00 PM | 3.19 | ↘ |
| Operating Rate | Thursday 17:00 PM | 28.44% | ↘ |
Data Source: Chempricehub
Notes:
1. ↓↑ indicates significant fluctuation, highlighting data dimensions with changes exceeding 3%.
2. ↗↘ indicates narrow-range fluctuation, highlighting data dimensions with changes within 0–3%.
Comments
0