1、 Price trend:

According to the monitoring data of the business agency, the price of ethylene in the external market has shown a downward trend in recent days. The average price of ethylene on the 24th was 775.75 US dollars / ton, 1.24% lower than the price on the 21st at 785.50 US dollars / ton, and the current price is 32.01% lower than that of last year.

2、 Market analysis:

Product: ethylene has declined in recent days. Asian ethylene market prices fell, as of 24, CFR Northeast Asia closed at $703-709 per ton, and CFR Southeast Asia closed at $726-734 per ton. The price of European ethylene market fell slightly. As of the 24th, the price of European ethylene market was FD, northwest Europe closed at $902-913 / ton, and CIF northwest Europe closed at $792-803 / ton. The price of ethylene in the U.S. region fell by 24, with a price of 324-337 US dollars / ton. Overall: in recent years, the market of ethylene in Europe and the United States has been declining, and the demand of the whole ethylene market is weak, with more than a drop. The industry pays more attention to the supply and demand after the festival.

Industry chain: International: on February 21, the settlement price of West Texas light oil futures in New York commodity futures exchange in April 2020 was $53.38 per barrel, down $0.50 or 0.9% compared with the previous trading day; the settlement price of Brent crude oil in London Intercontinental Exchange in April 2020 was $58.5 per barrel, down $0.81 or 1.4% compared with the previous trading day, and the crude oil began to fall after rising continuously The price of ethylene can not play a supporting role, and the external market of ethylene fell. The price of styrene and ethanol in the lower reaches of the river was in shock and consolidation, which could not support the price of ethylene.

3、 Future forecast:

According to ethylene analysts of business and chemical branch, crude oil has fallen back after rising for several consecutive days in the near future. There are different attitudes about whether the demand of oil market is improving. The price of crude oil in the later period still needs to wait and see. Therefore, data analysts of business and chemical branch expect that ethylene price will keep a narrow shock in the future.