Morning Market Update on Polycarboxylate Superplasticizer Macromers

I. Key Points

1. On November 12, the outlook for U.S.-Iran relations remains uncertain, and market concerns regarding supply risks persist, driving up international oil prices. The NYMEX crude oil futures contract for December closed at $88.74/barrel, an increase of $2.21/barrel (+2.55% WoW); the ICE Brent crude oil futures contract for January closed at $95.82/barrel, an increase of $3.06/barrel (+3.30% WoW). The INE crude oil futures contract (January 2027 delivery) in China fell by 11.8 to 595.9 CNY/barrel during the day session but rose by 14.6 to 610.5 CNY/barrel in the night session.
2. On November 12, the price of ethylene oxide in the key East China market was 9,100 CNY/ton, remaining unchanged from the previous period.

II. Price Summary

Table 1: Summary of Domestic Polycarboxylate Superplasticizer Monomer Prices (Unit: CNY/ton)

Data Source: Chempricehub Information

III. Market Outlook

Today, domestic polycarboxylate superplasticizer monomer prices are expected to remain stable for now. The primary raw material, ethylene oxide, is also likely to stay steady as traders wait for further signals. Maintenance units have not yet resumed operations, keeping on-site supply in a state of tight balance. Downstream demand consists mainly of essential purchases, while buying enthusiasm in the domestic ethylene market has declined. It cannot be ruled out that some enterprises may continue to offer discounts, potentially leading to slight softening in prices; however, cost-side support is expected to be limited. Monomer producers are primarily focused on fulfilling orders placed previously. Downstream factories are maintaining small-scale purchases based on immediate needs, with insufficient effective negotiations resulting in a strong wait-and-see atmosphere where transactions are largely determined by volume-based bargaining. In summary, it is projected that the price of EPEG in the key East China market will range between 9,800 and 10,300 CNY/ton today.

IV. Data Calendar

Data Source: Chempricehub Information
Notes:

1. ↓↑ indicates significant fluctuations, highlighting data dimensions with changes exceeding 3%.
2. ↗↘ indicates minor fluctuations, highlighting data dimensions with changes within 0-3%.