According to the monitoring data of the business news agency, the external price of ethylene has risen recently. On April 29, the price was $1158.50/ton, and on April 30, the average price of ethylene was $1159.00/ton, up 0.04%. The current price has increased by 2.75% month on month, and the current price has increased by 227.63% year on year.

In the near future, the overall external ethylene market showed a slight upward trend. The price of ethylene market in Asia was stable. As of the 29th, CFR closed at US $1102-1110 / T in Northeast Asia and US $1047-1055 / T in Southeast Asia. The price of ethylene market in Europe fluctuated and rose. As of the 29th, FD in northwest Europe closed at US $1260-1273 / T and CIF in northwest Europe closed at US $1210-1221 / T. The price of ethylene in the United States is stable. As of the 29th, the price is US $1140-1152 / ton. Recently, the market of ethylene in Europe, America and Asia is generally stable and rising, mainly due to slight fluctuations in Europe. Generally speaking, the trading atmosphere of the whole ethylene external market is acceptable, with a slight rise in the market.

International: on April 29, international oil prices rose significantly, with the settlement price of the main contract in the US WTI crude oil futures market at US $65.01/barrel, up US $1.15 or 1.8%. The settlement price of the main contract in Brent crude oil futures market was US $68.56/barrel, up US $1.27 or 1.9%, mainly due to the strong performance of US economic data and the weakness of US dollar, and the expectation of demand recovery outweighed the market’s worry about the epidemic situation in India and other places.

The recent volatility of styrene in East China market has fallen, because with the end of replenishment at the end of the month, the follow-up of styrene high price spot is weak, in addition, the futures adjustment is accelerated, the expectation is gradually realized, and the downstream is cautious and wait-and-see. GPPS suffered a serious loss, EPS suffered a small loss, and some downstream companies reduced production and sold raw materials; In addition, the maintenance plan of some domestic and South Korean units was delayed in May, and Huatai and SINOCHEM Hongrun planned to put into production, etc., resulting in loose supply in the far end of the market. In the short term, the market atmosphere weakened and styrene showed a downward trend.

Ethylene analysts of business society chemical branch think: at present, in terms of crude oil, the US economic data strongly supports the market atmosphere, the market is optimistic about the global demand for crude oil, and the cost support is strong, so the data analysts of business society expect that the external price of ethylene will mainly rise next.