According to the monitoring data of the business news agency, the external price of ethylene has dropped recently. On May 24, the price was $1168.25/ton, and on May 27, the average price of ethylene was $1165.50/ton, down 0.32%. The current price has dropped 2.61% month on month, and the current price has increased 98.21% year on year.

In the near future, the overall external ethylene market showed a downward trend. Asia’s ethylene market fell, with CFR closing at US $1063-1069 per ton in Northeast Asia and US $1008-1014 per ton in Southeast Asia as of the 26th. The price of ethylene market in Europe fluctuated slightly. As of the 26th, FD closed at US $1284-1298 / T in northwest Europe and CIF closed at US $1284-1293 / T in northwest Europe. The price of ethylene in the U.S. rose. As of the 26th, the price was 798-810 U.S. dollars / ton. In recent years, the external market of ethylene fluctuated. Generally speaking, the trading atmosphere of the whole external market of ethylene in the near future was general, the transaction was light, and the market fluctuated and fell.

International: on May 26, international oil prices rose slightly. The settlement price of the main contract in the US WTI crude oil futures market was US $66.21/barrel, up 0.14 US dollars or 0.2%. Brent crude oil futures market settlement price of the main contract at 68.87 U.S. dollars / barrel, or 0.22 U.S. dollars or 0.3%, on Wednesday, the U.S. Energy Information Agency (EIA) data bring good, crude oil inventory decline, combined with the arrival of North America driving season, market demand improvement is expected to strengthen, overshadowed the market’s worries about Iran’s crude oil back to the international market.

Recently, the Styrene Market in North China has been weakening. Qingdao refining and Chemical Co., Ltd. and Qilu Petrochemical Co., Ltd. offer 9950 yuan / ton today. On the cost side, crude oil rose, pure benzene fell, pure benzene maintenance unit restarted, supply rebounded, but the overall gap between supply and demand remained. Styrene port inventory continued to decline, the arrival of large ships this week was postponed to early June, and port inventory is expected to continue to decline. In terms of domestic production capacity, the styrene operating rate has been increased to 83.43%, and the early maintenance units have been restarted one after another. The new unit is expected to be put into production at the end of May with 120000 tons / year of Sinochem Hongrun, and the supply will increase in June. In addition, with the improvement of styrene profits, the maintenance of some units in Tianjin Dagu, Jilin Petrochemical and South Korea are expected to be delayed, and the tight spot situation will be eased, Supply is gradually easing. On the downstream side, the production and sales of the downstream are in the doldrums, resisting high price raw materials, and some are waiting to fall.

Ethylene analysts of business society chemical branch think: at present, the crude oil market is optimistic about the lifting of sanctions against Iran by the United States, but the decline of crude oil storage in the United States is relatively fast, and the crude oil market may rise due to the supply and demand. Therefore, data analysts of business society expect that the external price of ethylene will mainly rise in the future.