According to the monitoring data of the business agency, the external price of ethylene has fallen recently. On the 19th, the average price of ethylene was 778.75 US dollars / ton, and on the 26th it was 750.50 US dollars / ton, a decrease of 3.63%. The current price is down 0.17% month on month, and the current price is 10.63% lower than last year.
|Sulfamic acid 99.50%|
In the near future, the overall market of ethylene in the external market shows a downward trend. Asian ethylene market prices fell, with CFR Northeast Asia closing at $805-815 / T and CFR Southeast Asia closing at $770-780 / T as of the 26th. The European ethylene market price fell slightly. As of the 26th, the European ethylene market price was FD, which closed at 706-719 US dollars / ton in northwest Europe and 697-706 dollars / ton in CIF northwest Europe. The price of ethylene in the United States dropped to 490-502 US dollars / ton as of the 26th. In the end of October, the market of ethylene in Europe and America decreased slightly. Generally speaking, the demand of the whole ethylene market was poor, and the market continued to decline.
International: on October 23, the U.S. WTI crude oil futures market price fell, and the settlement price of the main contract was $39.85/barrel, down $0.79. Brent crude oil futures market price fell, the main contract settlement price to 42.07 US dollars / barrel, down 0.39 US dollars. Oil prices have fallen recently, mainly due to the Libya conflict, the two sides signed a cease-fire agreement. Crude oil market decline can not give ethylene cost support, ethylene external market continued to fall.
Recently, the market price of styrene in East China increased slightly. Domestic styrene factory and port inventory is still declining. The price of styrene increases with the increase of the price of the goods holder. The market jumps and opens high. The downstream start-up continues to run on a high side. The rigid demand is strong, and some downstream prices rise sharply, driving up the price of styrene. In the near future, the East China styrene quotation has been raised to around 6600-6800 yuan / T. the styrene price tends to be sorted and digested after several big rises. It is expected that there is room for consolidation and price increase in the mainstream. But the price rise is small, unable to support the ethylene market.
In terms of crude oil, the two sides of the Libya conflict signed a cease-fire agreement in Geneva on the same day. The market was more worried about crude oil demand, and the drop in crude oil could not form a support for the ethylene market. Therefore, the data analysts of the business agency predicted that the external price of ethylene would fall mainly as follows.