Weekly Outlook for the Ethylene Oxide Market

I. Key Focus Points

1. November 6: The market is monitoring the risk of renewed conflict between the United States and Iran, while mediators continue to push for peace talks. International crude oil prices edged higher. NYMEX WTI crude oil futures (December contract) closed at USD 90.83/bbl, up USD 0.31/bbl (+0.34%); ICE Brent crude oil futures (January contract) closed at USD 98.32/bbl, up USD 0.03/bbl (+0.03%). China INE crude oil futures (January 2027 contract) rose by CNY 1.2 to CNY 631.8/bbl, with night session trading rising by CNY 2.1 to CNY 633.9/bbl.

2. November 6: The CFR Northeast Asia ethylene spot price in USD terms stood at USD 1,240/ton, unchanged from the previous business day.

3. November 6: The daily operating rate of China's ethylene oxide industry was 53.46%.

II. Price Table

III. Market Outlook

Ethylene oxide prices are expected to remain stable today. On the supply side, units undergoing prior maintenance or short-term shutdowns have not yet resumed operations, resulting in no new inventory additions and limited spot resources; overall supply remains tight. On the demand side, downstream industries are taking delivery based on existing contracts, with the market primarily driven by rigid demand. Regarding feedstock, ethylene supply within the East China region is exceptionally tight. Mainstream downstream enterprises in the region maintain cautious purchasing behavior, while some users with rigid demand have turned to sourcing high-priced cargo in East China, leading to a positive negotiation atmosphere and increased transaction volumes for high-priced resources. Overall, elevated costs provide support for the ethylene oxide market, and prices are expected to hold steady in the short term. Continued attention should be paid to changes in upstream and downstream dynamics.

Data Source: Chempricehub Information