According to the monitoring data of the business agency, the external price of ethylene has fallen recently. On the 16th, the average price of ethylene was 712.50 US dollars / ton, and the 18th was 693.00 US dollars / ton, down 2.74%. The current price is down 6.57% month on month, and the current price is 26.53% 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 $725-735 per ton and CFR Southeast Asia closing at $665-675 per ton as of the 17th. The price of European ethylene market fell. As of the 17th, the European ethylene market price was FD, which closed at 690-697 US dollars / ton in northwest Europe and 683-691 US dollars / ton in CIF northwest Europe. The price of ethylene in the United States fluctuated and consolidated. As of the 17th, the price was 387-405 US dollars / ton. Generally speaking, the ethylene market in Europe and America is in a downward trend, the demand of the whole ethylene market is poor, and the trading atmosphere is cold and clear.

International: on the 17th, crude oil stopped falling and rose. The price of WTI crude oil futures market in the United States rose. The settlement price of main contracts rose by US $0.88 to US $42.89/barrel. Brent crude oil futures market prices rose, the main contract settlement price to 45.37 US dollars / barrel, up 0.57 US dollars. The main reason for the rise in oil prices was that the implementation rate of the agreement between OPEC and its allies for production reduction was about 95% to 97% in July, and the crude oil market rose. However, the oil price had been in a downward channel in the early stage, which could not support the cost of ethylene, and the external market of ethylene fell.

In recent years, the cost support and destocking operation of Styrene Market in East China continued to confront each other. The styrene market still maintained a high-frequency oscillation pattern. The market was stable in large scale and small in movement, and the narrow market was sorted out. The overall cost support of styrene remains. Today, inventory in the mainstream reservoir area is rising, the domestic operating rate is increasing, the cost support part of the goods are reluctant to sell at low prices, and the pressure of spot supply is great, which depresses the market mentality, and the price is maintained between 5200-5250 yuan / ton.

Ethylene analysts of the chemical branch of the business agency believe that: at present, the implementation rate of the oil production reduction agreement of OPEC + oil producing countries in July is close to 100%, and the oil price rebounds strongly. So business agency data analysts expect ethylene prices to rise next.