According to the monitoring data of business society, the price of ethylene external market has fallen in recent years, with the price of USD 1175.25/t on May 20, the average price of ethylene on May 21 being 1163.25 USD / T, down 1.02%, and the current price is down 2.06% on a month basis, and the current price is up 119.38% year on year.

Recently, the external market of ethylene market overall showed a downward trend. Asian ethylene market prices fell as of the 20th, CFR Northeast Asia closed at $1073-1079 / T, and CFR Southeast Asia closed at $1018-1024 / T. The price of ethylene market in Europe fell in a volatile manner, as of the 20th, FD northwest Europe closed at $1261-1272 / T and CIF NW Europe closed at $1284-1293 / T. The price of ethylene in the U.

International: on May 20, international oil prices continued to fall, which has fallen for three consecutive days. The settlement price of the main contract in the WTI crude oil futures market in the United States reported $61.94/barrel, down $1.41 or 2.2%. The settlement price of the main contract in Brent crude oil futures market was $65.11 / barrel, down $1.55 or 2.3%, mainly due to the new progress made in the US Iraq nuclear negotiations, the market supply is expected to increase significantly, and the epidemic in India has hindered the pace of demand recovery.

Recently, the styrene market has been weak. Crude oil fell, while pure benzene and ethylene fell. Styrene fell in the night market, which was a negative factor in opening day. Although domestic styrene supply has increased, the stock of the spot terminal is low, the spot supply is tight. In the downstream, the three downstream prices are stable temporarily, and the demand is still low. However, the profit of the factory has improved, the demand for purchasing is increasing and the market is short of gas. In summary, the styrene cost is well supported. In the short term, the wharf continues to go to the warehouse and the inventory low level is maintained, the circulating trade volume is small, and the downstream demand is temporarily stable. It is expected that the short-term styrene market is still in the period of shock consolidation after rapid high and falling.

Ethylene analysts of the chemical branch of business society believe: in terms of crude oil: the market is optimistic that Iran may increase crude oil production significantly in the fourth quarter, and the oil price is on the downward trend and the cost support is not good, so the data analysts of business society expect that the external price of ethylene will be mainly lower next.