Down In the Off Season, Chinese Ethylene Carbonate Runs Sluggishly
The manufacturer's offers for Ethylene Carbonate remained unchanged in the third week of January, with only a minor shift in the pricing trajectory. Speculation around Chinese New Year revealed certain infrastructure issues due to service delays and excessive inventory levels. As a result of the ripple effect, the FOB Qingdao discussions for demand of Ethylene Carbonate fell to USD 2460 per tonne for the week ending January 21. The Chinese New Year is usually celebrated for a week or occasionally longer, and it brings with it a period of low demand that has a negative impact on worldwide markets. When the typical speed of business slows and daily trade volume falls, prices become erratic. This year Lunar New Year is scheduled to be celebrated on the 1 st of February. Because the market is weak, the prices of the raw material Ethylene Oxide has remained stable. While the cost assistance remained relatively generous. This trend has persisted in the EO market since the Chinese...