According to the monitoring data of business news agency, the recent external price of ethylene fluctuated and consolidated. On April 9, the price was 1143.50 US dollars / ton, and on April 12, the average price of ethylene was 1143.00 US dollars / ton, down 0.04%. The current price fell 4.51% month on month, and the current price rose 155.70% year on year.
In the near future, the overall external ethylene market showed a shock consolidation trend. The price of ethylene market in Asia was stable. As of the 9th, CFR closed at US $1068-1074 / T in Northeast Asia and US $1013-1019 / T in Southeast Asia. The price of ethylene market in Europe fluctuated and fell. As of the 9th, FD closed at US $1249-1260 / T in northwest Europe and CIF closed at US $1224-1235 / T in northwest Europe. The price of ethylene in the United States is stable. As of the 9th, the price is 1096-1107 US dollars / ton. Recently, the market of ethylene in Europe, America and Asia is relatively stable, showing a small fluctuation trend. Generally speaking, the external market of ethylene is cold and the market is volatile.
International: on April 9, international oil prices closed down slightly, with the settlement price of the main contract in the U.S. WTI crude oil futures market at US $59.32/barrel, down by US $0.28 or 0.5%. Brent crude oil futures market settlement price of the main contract at 62.95 U.S. dollars / barrel, down 0.25 U.S. dollars or 0.4%. Oil prices closed lower on Friday, down about 2% this week, mainly because increased production and renewed blockades by some countries overshadowed optimistic forecasts for the recovery of fuel demand.
Recently, the Styrene Market in Shandong has been declining. Port inventory is declining, new capacity is offset by equipment maintenance, domestic supply increment is limited, and the spot is tight, which can support the high price of styrene. However, the downstream has a resistance to high price styrene. Although the operating rate of the downstream rises collectively, the terminal is still in a wait-and-see state, and the purchase is just needed, and the transaction is sluggish.
Ethylene analysts of business society chemical branch think: at present, in terms of crude oil, OPEC and its production reduction allies are gradually increasing crude oil production, crude oil demand is not optimistic, showing a downward trend, and the cost is difficult to support the ethylene market, so business society data analysts predict that the external price of ethylene will mainly fall next.
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