According to the monitoring data of the business agency, the external price of ethylene has fallen recently. On the 17th, the average price of ethylene was 766.00 US dollars / ton, and on the 19th was 770.25 US dollars / ton, up 0.55%. The current price is down 1.09% month on month, and the current price is 8.14% lower than last year.

In the near future, the overall market of ethylene in the external market shows a downward trend. Asian ethylene market prices rose, as of the 18th, CFR Northeast Asia closed at 850-860 US dollars / ton, CFR Southeast Asia closed at 785-795 US dollars / ton. European ethylene market prices fluctuated and consolidated. As of the 18th, FD northwest Europe closed at 716-727 US dollars / ton, CIF northwest Europe closed at 708-717 US dollars / ton. The ethylene price in the United States is stable. As of the 18th, the price is 446-456 US dollars / ton. At the beginning of November, the ethylene market in Europe and the United States has risen steadily. Generally speaking, the demand of the whole ethylene market is general, and the market is rising slightly.

International: on November 18, the price of WTI crude oil futures market in the United States rose, with the settlement price of main contracts rising by US $0.36 to US $42.01/barrel. Brent crude oil futures market prices rose, the main contract settlement price to 44.34 US dollars / barrel, up 0.59 US dollars. Oil prices closed higher on Wednesday, with markets hoping OPEC + would postpone its planned production increase, and Pfizer said its vaccine was more effective than previously reported. Recently, crude oil rose slightly, which supported the cost of ethylene, and the external market of ethylene rose.

Recently, the styrene market has fallen sharply. After the market soared, there was profit taking. Although the supply expectation was still weakening, there were plans for production reduction or parking in the downstream. There was a demand weakening expectation, and there was a bearish mentality in the market. The quotation of styrene in East China was lowered to around 8900 yuan / T, and it is expected that the market will continue to be high in the short term. No ethylene support.

In terms of crude oil, OPEC members are inclined to postpone the plan to increase daily crude oil production in January, and the international oil price rose to the highest level since early September on Wednesday. Therefore, data analysts of the business agency predict that the external price of ethylene will mainly rise next.