According to the monitoring data of the business news agency, the external price of ethylene has risen recently. On December 21, the price was US $999.50/ton, and on December 25, the average price of ethylene was US $1020.50/ton, up 2.10%. The current price has risen 20.95% month on month, and the current price has risen 33.44% year on year.

In the near future, the overall external ethylene market is on the rise. Asian ethylene market prices rose slightly. As of the 24th, CFR Northeast Asia closed at US $990-1000 / ton, CFR Southeast Asia closed at US $925-935 / ton. The price of ethylene market in Europe increased greatly. As of the 24th, FD in northwest Europe closed at US $1058-1073 / T, CIF in northwest Europe closed at US $1076-1088 / T. The price of ethylene in the U.S. rose to $721-733 per ton as of the 24th. Recently, the market of ethylene in Europe, America and Asia has shown a rising trend. Generally speaking, the demand of the whole ethylene market is good, the market trading atmosphere is positive, and the market has been rising all the way.

International: on December 24, the price of WTI crude oil futures market in the United States rose slightly, with the settlement price of the main contract at US $48.23/barrel, up US $0.11. Brent crude oil futures market prices rose, the settlement price of the main contract at 51.34 U.S. dollars / barrel, or 0.10 U.S. dollars. Oil prices rose slightly on Thursday, mainly due to the news that the UK and the EU have signed a post brexit trade agreement.

Recently, the market price of styrene has been falling continuously. Pure benzene prices fell, styrene cost support weak. Downstream production and sales decline, demand weakens, styrene spot shipment is difficult, and the downstream ABS price falls sharply. At present, the positive support of styrene is insufficient, and the night price of styrene futures also continues to decline. Recently, the spot price of styrene in East China is around 6600-6750 yuan / ton.

Next, the price of crude oil will rise with the support of OPEC international news agency’s data, so it is expected that the price of crude oil will rebound with the support of OPEC international news agency’s data.