SunSirs: The Outer Market of Ethylene Fell
May 06 2022 10:46:07 SunSirs (John)
Price trend
The ethylene market in the outer disk generally fell. The ethylene market in Asia fell. As of the 5th, CFR Northeast Asia closed at 1,206-1,216 US dollars/ton, and CFR Southeast Asia closed at 1,256-1,266 US dollars/ton. The European ethylene market fell. As of the 5th, FD Northwest Europe closed at 1,814-1,824 US dollars/ton, and CIF Northwest Europe closed at 1,428-1,436 US dollars/ton.
Analysis review
International crude oil futures prices rose sharply. The surge in oil prices was mainly affected by expectations of tighter supply, and the European Union had drawn up a plan to gradually stop imports of Russian oil, sparking widespread market concerns.
Market outlook
The cost support is better, so the data analyst of SunSirs predicts that the price of ethylene external disk will mainly rise next.
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