I. Key Focus Points
Sep 18: International crude oil prices fell as expectations for the repair of Saudi oil pipelines improved, coinciding with signs of easing tensions in the Middle East. NYMEX WTI crude futures (October contract) dropped by $1.61/bbl to $100.30, a -1.58% change from the previous session; ICE Brent crude futures (November contract) fell by $0.95/bbl to $103.87, a -0.91% change. China INE crude oil futures (November 2026 contract) decreased by 50.6 yuan/barrel to 754.4 yuan/barrel, and further dropped by 19.6 yuan/barrel to 734.8 yuan/barrel during the night session.
Sep 18: The CFR Northeast Asia ethylene spot price was $1,180/ton, up $10/ton from the previous business day.
Sep 20: The daily capacity utilization rate of China's ethylene oxide industry stood at 49.22%.
II. Price Table
| Market | Specification | Sep 18 | Sep 20 | Change Value | Change Rate |
|---|---|---|---|---|---|
| East China | / | 9,700 | 9,700 | 0 | 0.00% |
| Central China | / | 10,100 | 10,100 | 0 | 0.00% |
| North China | / | 9,500 | 9,500 | 0 | 0.00% |
| South China | / | 9,700 | 9,700 | 0 | 0.00% |
| Northeast China | / | 9,500 | 9,500 | 0 | 0.00% |
| Key Downstream | |||||
| East China | Polycarboxylate superplasticizer monomer EPEG | 12,100 | 12,100 | 0 | 0.00% |
Data Source: Chempricehub Information
Notes:
- The two price periods refer to spot prices on the past two business days, not weekly averages.
- All RMB prices in the table above are ex-works cash-inclusive tax prices.
- The change rate refers to the period-over-period percentage change.
- Unit: Yuan/ton.
III. Market Outlook
Today, the ethylene oxide market is expected to maintain its high-level stability. On the supply side, ethylene glycol prices have remained strong, causing co-production units to shift their production focus toward ethylene glycol. Combined with persistently high raw material prices and tight supply, some units have shut down or reduced operating rates, leading to further tightening on the supply end. Operating rates in major downstream industries remain stable, with steady demand consumption. On the cost side, ethylene producers face no pressure to offload inventory, and today's offers are largely stable. Willingness to buy new orders is weak, but cost support remains. Overall, short-term support from both supply constraints and costs will keep ethylene oxide prices firm. Continued attention should be paid to dynamic changes in upstream and downstream sectors.
| Data Item | Release Time | Previous Period | Current Trend Forecast |
|---|---|---|---|
| Weekly Output | Thu 16:00 PM | 115,400 tons | ↗ |
| Capacity Utilization Rate | Thu 16:00 PM | 51.82% | ↗ |
| Profit Margin (Imported Ethylene Route) | Thu 16:00 PM | 1,193.08 Yuan/ton | ↘ |
Legend:
- ↓↑ 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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