I. Key Focus Points
Nov 9: The U.S. downplayed expectations of renewed strikes on Iran, easing supply risk concerns and driving international crude oil prices lower. NYMEX WTI futures (December contract) closed at $86.85/bbl, down $3.98 (-4.38% WoW); ICE Brent futures (January contract) closed at $92.57/bbl, down $5.75 (-5.85% WoW). China INE crude oil futures (SC2701 contract) fell by 1.1 yuan to 630.7 yuan/bbl; the night session dropped by 25 yuan to 605.7 yuan/bbl.
Nov 9: CFR Northeast Asia ethylene USD market halted trading with no quotes provided.
Nov 9: Daily capacity utilization rate for China’s ethylene oxide industry stood at 54.53%.
II. Price Summary
| Price Type | Product Name | Market | Pricing Terms | Nov 06, 2026 | Nov 09, 2026 | Change Value | Change % | Unit |
|---|---|---|---|---|---|---|---|---|
| Market Price | Ethylene Oxide | East China | Market Price | 9,700 | 9,100 | -600 | -6.19% | CNY/ton |
| Market Price | Ethylene Oxide | South China | Market Price | 9,700 | 9,100 | -600 | -6.19% | CNY/ton |
| Market Price | Ethylene Oxide | Central China | Market Price | 10,100 | 9,300 | -800 | -7.92% | CNY/ton |
| Market Price | Ethylene Oxide | North China | Market Price | 9,500 | 9,000 | -500 | -5.26% | CNY/ton |
| Market Price | Ethylene Oxide | Northeast China | Market Price | 9,500 | 9,000 | -500 | -5.26% | CNY/ton |
III. Market Outlook
Ethylene oxide prices are expected to remain stable today. On the supply side, plant operations within the market have been steady, with some units undergoing minor load adjustments; there has been no significant change in overall supply. On the demand side, major downstream producers are primarily purchasing based on rigid demand requirements. However, the decline in ethylene oxide prices may stimulate restocking activities. Regarding upstream inputs, domestic ethylene producers have increased their willingness to sell. Derivative product prices have generally trended downward, leading to weak profitability and limiting external procurement demand. Overall, fundamental factors show no obvious volatility, so ethylene oxide prices are projected to hold steady. Continued attention should be paid to developments in both upstream and downstream sectors.
| Data Item | Release Date | Previous Period Data | Current Trend Forecast |
|---|---|---|---|
| Weekly Output | Thursday 16:00 PM | 121,600 tons | ↗ |
| Capacity Utilization Rate | Thursday 16:00 PM | 54.55% | ↗ |
| Profit Margin (External Procurement / Imported Ethylene Route) | Thursday 16:00 PM | 1,306.7 CNY/ton | ↘ |
| Note: ↓↑ indicates significant fluctuation (highlighting data dimensions with changes exceeding 3%). ↗↘ indicates narrow-range fluctuation (highlighting data dimensions with changes within 0-3%). |
Data Source: Chempricehub Information
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