According to the monitoring data of business society, the recent price of ethylene external market has fallen, with the price of USD 1131.00/t on June 9, the average price of ethylene on June 9 being 1111.00/t, down 1.77%, and the current price fell 5.43% on a month basis, and the current price rose 66.69% year on year.

Recently, the external market of ethylene market overall showed a downward trend. The price of ethylene in Asia remained stable. As of the 9th, CFR closed at US $957-965 / T in Northeast Asia and US $917-925 / T in Southeast Asia. European ethylene market prices fell, as of the 9th, FD northwest Europe closed at 1298-1309 US dollars / ton, CIF northwest Europe closed at 1253-1262 US dollars / ton. The price of ethylene in the U.S. fell. As of the 9th, the price was 583-595 US dollars / ton. Recently, the external market of ethylene fell. Generally speaking, the demand of the whole external market of ethylene is poor, the trading atmosphere is light, the transaction is weak, and the focus of ethylene market is constantly moving down.

International: on June 9, international oil prices remained stable, and the settlement price was not changed much compared with the previous trading days. The settlement price of the main contract in the WTI crude oil futures market in the United States was $69.96/barrel, down 0.09 US dollars or 0.1%. Brent crude oil futures market settlement price of the main contract at 72.22 U.S. dollars / barrel, flat in the last trading day. Previous data showed that the U.S. gasoline inventory increased significantly, limiting the pace of oil price rise. However, the market is looking forward to the start of the summer driving season in North America, and the oil price is still strong.

Recently, the Styrene Market in Shandong continued to decline. At the cost end, crude oil fell, pure benzene and ethylene all fell, and styrene futures fell sharply, hitting market confidence. In terms of domestic devices, most of the overhaul devices have been restarted, and the new units are put into operation, and the domestic supply increases. Although the wharf inventory is in low position, the arrival of goods in the Middle East and domestic domestic goods in the Middle East this week have increased the styrene inventory. Downstream side is restricted by the influence of southern power limit and North wheat harvest. EPS and downstream start-up are expected to decline, PS start rate has risen, ABS maintains high opening rate, EPS and PS prices fall slightly, so it is just necessary to purchase styrene which is in conflict with high price. In summary, the supply tension of styrene will ease in the short term, and the demand of downstream parts will be waiting to fall, and the purchasing gas will further weaken. It is expected that styrene will still have room for correction and finishing.

Ethylene analysts of the chemical branch of the business society believe: at present, the crude oil storage in the United States has declined rapidly, the demand for American refined oil is strong, and the crude oil market may rise. Therefore, the data analysts of the business agency expect the ethylene external market price to be mainly increased next.