Material Insights · Understanding the Material World

Ethylene oxide: Trading

Too dangerous for traders: sold producer to user

What this tab covers How it is bought and sold: buyers and sellers, price benchmarks and who publishes them, exchanges, contract types, traders, how Indian buyers price it, recent price points, and good sources to follow.

Who buys, and where

  • Producers' own derivative units (captive)
  • Regional merchant sales within about 500 km

Who sells, and from where

  • Ethoxylators, ethanolamine makers, sterilisation firms

Price benchmarks

BenchmarkPublisherBasis
EO ex-tank East ChinaArgus / CCFspot, daily/weekly
Europe purified EO contractArgus / ICISmonthly or quarterly contract, delivered
US purified EO contractArgus / ICISmonthly contract, delivered

Exchanges

VenueContractNotes
noneno EO futuresMEG futures on Dalian (EG) are the nearest hedge

Contract types

  • Cost-plus contracts linked to ethylene
  • Long-term pipeline or rail supply to neighbouring plants

Traders and distributors

  • Few traders handle EO because of hazard; trade is producer to consumer

How Indian buyers price it

  • Indian ethoxylators buy EO from Reliance, IOCL or India Glycols under term contracts linked to ethylene or import parity of ethoxylates (indicative).
  • No DGTR duty on EO found.

Recent price points

DatePriceBasisSource
Aug 202556.20 c/lb (about $1,239/t)US purified EO contract, deliveredArgus EO and Derivatives, Oct 2025
Oct 2025€1,294/tEurope purified EO contract, deliveredArgus, Oct 2025
Oct 2025CNY 6,300/t (about $885/t)ex-tank East ChinaArgus, Oct 2025

Good sources to follow

Argus EO and Derivativespaid research site · Argus Media

Weekly EO, MEG and derivatives prices and capacity (sample public)

Argus Chemicals podcastsfree podcast · Argus Media

Ethylene chain outlooks

Hellenic Shipping Newsfree newsletter · Hellenic Shipping News Worldwide

Reposts ICIS weekly Asia petrochemical updates