According to the monitoring data of business agency, the external price of ethylene fluctuated and rose this week. The average price of ethylene at the beginning of the week was US $1445.25/ton, and the average price of ethylene at the weekend was US $1473.00/ton, up 1.92%. The current price rose by 21.16% month on month, and the current price rose by 26.85% year-on-year.

This week, the external ethylene market generally showed an upward trend. The price of ethylene in Asia fell. As of the 16th, CFR Northeast Asia closed at US $1296-1306 / ton and CFR Southeast Asia closed at US $1296-1306 / ton. European ethylene market prices rose sharply. As of the 16th, FD northwest Europe closed at US $1744-1754 / ton and CIF northwest Europe closed at US $1537-1545 / ton. The price of ethylene in the United States fell. As of the 16th, the price was 636-653 yuan / ton. This week, the market price of ethylene in the outer market fluctuated, with an overall rise, mainly affected by the upstream crude oil, rising first and then falling.

International: crude oil prices fell this week. As of the 16th, the settlement price of the main contract of WTI crude oil futures in the United States was US $95.04/barrel, down US $1.4 or 1.5%; The settlement price of the main contract of Brent crude oil futures was US $98.02/barrel, down US $1.89 or 1.9%. The data released by the US Energy Information Administration (EIA) on Wednesday showed that US crude oil inventories rose for the first time in three weeks, and the market was worried that high oil prices would suppress demand.

Recently, the market price of styrene has continued to decline. The market focus of raw material pure benzene has been lowered, and the cost support of styrene is poor. At present, the spot supply is relatively abundant, and the downstream is dominated by digestion contracts, and the market transaction is weakened. The styrene market continued to decline.

The ethylene analyst of the chemical branch of the business agency believes that: at present, in terms of crude oil, the international crude oil price has fallen sharply and the cost support is insufficient. Therefore, the data analyst of the business agency predicts that the external price of ethylene will mainly fall next.