Ethylene oxide is stable this month. Up to the latest price, the ex factory price in North China, South China, northeast and East China is 8200 yuan / ton, and the ex factory price in Central China is 8400 yuan / ton.

In terms of cost, affected by the fluctuation of crude oil, the price of ethylene in Northeast Asia has reached new highs, gradually rising from US $1230 / ton at the beginning of the month to US $1370 / ton today, with a total increase of US $140 / ton, or 11.38%. Domestic ethylene also rose to 9100 yuan / ton, up 3.41% from the beginning of the month. Based on the current external price, ethylene oxide has lost nearly 1000 yuan, the profit space has been lost, and it is reasonable for manufacturers to limit production and ensure price.

From the perspective of supply side, although many sets of units such as Dena, Sanjiang, Shanghai Petrochemical and satellite Petrochemical have been reduced or stopped, the improvement of supply and demand structure is limited due to the drag of demand side.

From the demand side, the construction progress of the project is restricted. Under the influence of the epidemic, the entry and exit procedures of the chemical park are complicated, the logistics efficiency is affected, and the terminal demand is weak. However, some people in the industry believe that although the recovery of the demand side is blocked at present, according to the policy, there is still room for the release of the annual demand of the infrastructure industry. After the epidemic is controlled, there may be a restorative rebound on the demand side, and the monomer market will improve at that time.

On the whole, the long short game continues, it is very difficult to catch up under the high cost and weak demand, and the light atmosphere of the market continues in the short term.