SunSirs: The Outer Disk Market of Ethylene Fell
May 11 2022 10:26:20 SunSirs (John)Price trend
The ethylene market in the outer disk generally fell. The ethylene market in Asia fell. As of the 9th, CFR Northeast Asia closed at 1,186-1,196 US dollars/ton n, and CFR Southeast Asia closed at 1,236-1,246 US dollars/ton. The European ethylene market fell. As of the 9th, FD Northwest Europe closed at 181,756-1,765 US dollars/ton, and CIF Northwest Europe closed at 1,424-1,432 US dollars/ton.
Analysis review
International crude oil futures tumbled. The continuous sharp decline in the stock market has affected the market's mentality, and the epidemic prevention measures in Asia have exacerbated the market's concerns about the demand outlook. In addition, oil giant Saudi Arabia has lowered the official price of crude oil exported to Asia and Europe in June, and oil prices will be under short-term pressure.
Market outlook
The cost support is not good, so the data analyst of SunSirs predicts that the price of ethylene external disk will mainly fall next.
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