Morning Market Update for Ethylene Oxide

I. Key Focus Points

1. 10/27: Mediators continue to push for US-Iran peace talks, slightly alleviating market concerns over supply risks and causing international crude oil prices to fall. NYMEX WTI futures (December contract) closed at $101.76/bbl, down $1.51/bbl (-1.46%); ICE Brent futures (December contract) closed at $115.81/bbl, down $0.91/bbl (-0.78%). On the Chinese INE exchange, December 2026 crude oil futures saw buyers pushing for a de-escalation of Middle East tensions to mitigate supply risk worries, leading to lower international prices. NYMEX WTI futures (December contract) were at $99.90/bbl, down $1.86/bbl (-1.83%); ICE Brent futures (December contract) were at $113.88/bbl, down $1.93/bbl (-1.67%). The Chinese INE December 2026 crude oil futures fell by 8.1 yuan to 731.6 yuan/barrel in the day session, and dropped by 18.7 yuan to 712.9 yuan/barrel in the night session. [Note: The original text contains conflicting data fragments regarding price changes; standard interpretation assumes the primary trend is downward based on the initial sentences.]

2. 10/27: Port-based ethylene USD CFR Northeast Asia price stood at $1,190/ton, unchanged from the previous business day.

3. 10/27: The daily capacity utilization rate of China's ethylene oxide industry was 53.29%.

II. Price Table

III. Market Outlook

Ethylene oxide prices are expected to remain stable today. On the supply side, multiple units in certain regions have shut down, and with no new supply replenishment, overall market availability remains tight. On the demand side, downstream consumers are steadily fulfilling contracted volumes, keeping overall demand at a rigid baseline. Regarding costs, the ethylene market is trending strongly, with domestic ethylene prices holding steady at high levels. Domestic ethylene spot availability is limited, while profitability in styrene derivative markets remains weak, making it difficult to boost external procurement demand. Overall, tight supply and high cost support stabilize ethylene oxide prices. Continued attention should be paid to upstream and downstream developments.

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