According to the monitoring data of the business agency, the external price of ethylene has fallen recently. The average price of ethylene on the first day was 740.75 US dollars / ton, and the price on the 11th was 713.00 dollars / ton, a decrease of 3.75%. The current price is down 6.61% month on month, and the current price is 22.71% lower than last year.

In the near future, ethylene has shown a downward trend as a whole. Asian ethylene market prices fell, with CFR Northeast Asia closing at $755-765 per ton and CFR Southeast Asia closing at $695-705 per ton as of the 11th. The price of European ethylene market fell. As of the 11th, the price of European ethylene market was FD, which closed at 702-709 US dollars / ton in northwest Europe and 692-700 US dollars / ton in CIF northwest Europe. The price of ethylene in the United States rose. As of the 11th, the price was 385-403 US dollars / ton. Generally speaking, the Eurasian ethylene market was in a downward trend, while the US ethylene market had a large decline in the early stage, and now it is in a small rebound. The overall ethylene market demand is poor and the trading atmosphere is general.

International: on August 11, the U.S. WTI crude oil futures market price fell, and the settlement price of the main contract was $41.61/barrel, down $0.33. Brent crude oil futures market price fell, the main contract settlement price to 44.5 U.S. dollars / barrel, down 0.49 dollars. The decline in oil price was mainly due to the selling of precious metal futures in New York and the decline of crude oil market, which could not support the cost of ethylene, and the external market of ethylene fell.

Downstream domestic styrene market fell, styrene arrival concentrated this week, wharf inventory increased. The supply of goods is relatively sufficient, and the overall supply is still in excess. It is expected that the market will continue to fall in recent days, which can not support the cost of ethylene.

Ethylene analysts of the chemical branch of the business society believe that: at present, the crude oil: gold and other precious metal futures encounter selling, which brings negative risk, and the oil price has a downward trend. So business agency data analysts expect ethylene prices to fall mainly below.