According to the data monitoring of SunSirs, the recent external price of ethylene has increased. The average ethylene price on the 17th was 420.75 US dollars/ton, and the price on the 19th was 513.25 US dollars/ton, an increase of 21.98%. The current price fell 51.20% year-on-year.
Product: Recently, ethylene has been on the rise overall. The market price of ethylene in Asia has risen. As of the 19th, CFR Northeast Asia closed at 575-585 US dollars/ton, CFR Southeast Asia closed at 530-540 US dollars/ton. The price of the European ethylene market has risen sharply. As of the 19th, the price of the European ethylene market closed at 487-496 US dollars/ton for FD Northwest Europe, and closed at 442-450 US dollars/ton for CIF Northwest Europe. Ethylene prices in the United States were stable, as of the 19th, the price was 229-247 US dollars/ton. In general: Recently, the ethylene market in Europe, America and Asia is on the rise, especially in the European ethylene market. The ethylene market has been actively trading, and the market continues to rise. Industry players pay more attention to supply and demand.
Industry chain: International: On May 18, the price of the US WTI crude oil futures market rose, and the main contract settlement price was reported at 31.65 US dollars per barrel, an increase of 2.13 US dollars/barrel or 7.2%. The price of the Brent crude oil futures market rose, with the main contract settlement price reported at 34.81 US dollars per barrel, an increase of 2.31 US dollars/barrel or 7.1%. The crude oil market rose, which supported the cost of ethylene. The price of ethylene continued to rise. The demand of the whole industry in Europe increased. The price of ethylene rose accordingly. The price of styrene in the downstream temporarily remained stable, and the price of ethanol continued to stay high. The price of ethylene continued to rise all the way.
According to the ethylene analyst of SunSirs, the global oil supply has decreased recently, the demand has recovered, and the oil price has been rising for three days, forming a cost support for ethylene. Therefore, the data analyst of SunSirs expects that the ethylene price will be mainly consolidated and upward next.
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