According to the monitoring data of the business agency, the external price of ethylene has increased slightly recently. The average price of ethylene on the 14th day was 738.50 US dollars / ton, compared with 737.50 US dollars / ton in the previous trading day, up 0.14%. The current price is up 8.48% month on month, and the current price is down 15.50% year-on-year.

Recently, the overall trend of ethylene is rising slightly. Asian ethylene market prices remained stable. As of the 14th, CFR Northeast Asia closed at $795-805 / T and CFR Southeast Asia closed at $700-710 / T. European ethylene market price rose, as of the 14th, the European ethylene market price was FD, northwest Europe closed at 757-764 US dollars / ton, CIF northwest Europe closed at 681-689 US dollars / ton. The price of ethylene in the United States remained stable. As of the 14th, the price was 335-353 US dollars / ton. Generally speaking, the ethylene market in Europe and the United States has increased steadily in recent years. The demand of the whole ethylene market is fair, and the trading atmosphere is general, and the increase is small.

International: on July 14, the price of WTI crude oil futures market in the United States rose, with the settlement price of main contracts at $40.29/barrel, up $0.19. The price of Brent crude oil futures market rose, with the settlement price of main contracts rising by US $0.18 to US $42.90/barrel. Crude oil rose slightly, mainly due to the implementation rate of OPEC + production reduction reaching 107%. Crude oil market rose, giving ethylene cost support, ethylene external market rose slightly.

The downstream styrene price remained stable, and the average styrene price on 14 days was 5366.67 US dollars / ton. Generally speaking, the price of pure benzene rose, and the stock market rose sharply, which was good for the upward trend of styrene price. It can give ethylene some support.

Ethylene analysts of the chemical branch of the business agency believe that: at present, crude oil stocks in the United States are decreasing, and crude oil futures in Europe and the United States are rising slightly. The formation cost of ethylene is supported, and the ethylene price is currently at a low level, so the data analysts of the business agency expect that the ethylene price will mainly rise next.