1. November 9: The U.S. softened its stance on potential strikes against Iran, easing supply risk concerns and causing international crude oil prices to decline. NYMEX WTI futures (December contract) closed at $86.85/bbl, down $3.98/bbl (-4.38% WoW); ICE Brent futures (January contract) settled at $92.57/bbl, down $5.75/bbl (-5.85% WoW). China INE crude oil futures (January 2027 contract) fell by CNY 1.1 to CNY 630.7/bbl in the day session, and dropped another CNY 25 to CNY 605.7/bbl in the night session.
2. November 9: In the key East China market, ethylene oxide prices stood at CNY 9,100/ton, a week-over-week decrease of CNY 600/ton.
Table 1: Domestic Polycarboxylate Superplasticizer Monomer Prices (Unit: CNY/ton)
| Product | Market | Specification | Nov 06, 2026 | Nov 09, 2026 | Change | % Change | Unit |
|---|---|---|---|---|---|---|---|
| Polycarboxylate superplasticizer monomer | East China | EPEG | 10,400–10,600 | 10,100–10,400 | -300 / -200 | -2.88% / -1.89% | CNY/ton |
| Polycarboxylate superplasticizer monomer | East China | HPEG | 10,500–10,700 | 10,200–10,500 | -300 / -200 | -2.86% / -1.87% | CNY/ton |
| Polycarboxylate superplasticizer monomer | East China | TPEG | 10,500–10,700 | 10,200–10,500 | -300 / -200 | -2.86% / -1.87% | CNY/ton |
| Polycarboxylate superplasticizer monomer | South China | EPEG | 10,400–10,700 | 10,200–10,500 | -200 / -200 | -1.92% / -1.87% | CNY/ton |
| Polycarboxylate superplasticizer monomer | South China | HPEG | 10,500–10,800 | 10,300–10,600 | -200 / -200 | -1.90% / -1.85% | CNY/ton |
| Polycarboxylate superplasticizer monomer | South China | TPEG | 10,500–10,800 | 10,300–10,600 | -200 / -200 | -1.90% / -1.85% | CNY/ton |
| Polycarboxylate superplasticizer monomer | Northeast China | HPEG | 10,150–10,350 | 10,000–10,200 | -150 / -150 | -1.48% / -1.45% | CNY/ton |
| Polycarboxylate superplasticizer monomer | Northeast China | EPEG | 10,150–10,350 | 10,000–10,200 | -150 / -150 | -1.48% / -1.45% | CNY/ton |
| Polycarboxylate superplasticizer monomer | Northeast China | TPEG | 10,250–10,450 | 10,100–10,300 | -150 / -150 | -1.46% / -1.44% | CNY/ton |
Data Source: Chempricehub Information
Today, domestic polycarboxylate superplasticizer monomer prices are expected to trend slightly weaker. The primary raw material, ethylene oxide, is likely to stabilize after recent declines. Previously shut-down units for maintenance have not yet resumed operations, keeping supply tight within the market. Downstream industries across various sectors continue to maintain essential restocking levels. Circulating ethylene supply in northern regions may increase, suggesting that ethylene prices will likely remain stable, providing some support from the cost side. While spot supply pressure for monomer producers remains manageable, declining costs are dragging prices lower. Weak downstream demand has fostered a strong wait-and-see attitude among traders, with actual transactions being sparse and prices negotiated based on transaction volume. Consequently, the price of EPEG in the key East China market is projected to range between CNY 10,000 and 10,300 per ton today.
| Indicator | Release Date | Previous Period | Expected Trend |
|---|---|---|---|
| Sellable Inventory Rate | Thursday 17:00 PM | -26.48% | ↗ |
| Weekly Production Volume | Thursday 17:00 PM | 32,100 tons | ↘ |
| Capacity Utilization Rate | Thursday 17:00 PM | 28.78% | ↘ |
Data Source: Chempricehub Information
Notes:
1. ↓↑ indicates significant fluctuations, highlighting data dimensions with changes exceeding 3%.
2. ↗↘ indicates narrow-range fluctuations, highlighting data dimensions with changes within 0–3%.
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