SunSirs: The Outer Market of Ethylene Fell Slightly
May 17 2022 14:08:19 SunSirs (John)Price trend
The ethylene market in the outer disk generally fell.
Analysis review
The ethylene market in Asia fell. As of the 13th, CFR Northeast Asia closed at 1,166-1,176 US dollars/ton, and CFR Southeast Asia closed at 1,216-1,226 US dollars/ton. The European ethylene market fell. As of the 13th, FD Northwest Europe closed at 1,759-1,768 US dollars/ton n, and CIF Northwest Europe closed at 1,394-1,402 US dollars/ton.
International crude oil futures rose sharply. The epidemic situation in Asia has improved, and demand expectations have eased; coupled with the market's cautious attitude towards the EU's oil embargo against Russia, supply tightening expectations are still in play.
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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