Ethylene oxide prices experienced a contrasting trend in the U.S. and German markets in the second and third week of April, which was largely determined by the movements in the feedstock ethylene prices and ultimately falling demand from downstream derivatives.
In the U.S, price of ethylene oxide continued to fall in the second week of April, as the prices fell to USD xxx/MT FOB US Gulf from USD xxx/MT in the previous week. This decline followed the previous week’s bearish momentum, driven primarily by a drop in feedstock ethylene prices, which significantly reduced production costs. Despite stable prices in key downstream sectors such as mono ethylene glycol (MEG) and ethylene glycol, MEG prices resumed a downward trend while ethylene glycol did not change much in terms of prices. The diethylene glycol (DEG) showed weaker support with a price dip, contributed...
