According to the monitoring data of the business news agency, the external price of ethylene has dropped recently. On January 11, the price was 1086.75 US dollars / ton, and on January 18, the average price of ethylene was 1059.75 US dollars / ton, down 2.48%. The current price has increased by 8.09% month on month, and the current price has increased by 28.11% year on year.

In the near future, the overall external ethylene market showed a downward trend. As of the 15th, CFR Northeast Asia closed at US $1040-1050 / T and CFR Southeast Asia closed at US $980-990 / T. European ethylene market prices fell, as of the 15th, FD northwest Europe closed at US $1093-1107 / ton, CIF northwest Europe closed at US $1103-1114 / ton. The price of ethylene in the U.S. fell. By the 15th, the price was 914-926 US dollars / ton. Recently, the market of ethylene in Europe, America and Asia showed a downward trend. Generally speaking, the demand of the whole ethylene market was poor, the market trading atmosphere was cold and clear, and the market fell all the way.

International: on January 15, the price of WTI crude oil futures market in the United States fell, with the settlement price of the main contract at US $52.42/barrel, down US $1.15. Brent crude oil futures market prices fell, the settlement price of the main contract was $55.10/barrel, down $1.32. Oil prices fell more than 2% on Friday, adding to the epidemic in many parts of the world, raising fuel demand concerns.

Recent styrene market price shocks consolidation. After entering January, the inventory of northern styrene enterprises dropped, the impact on East China arbitrage weakened, the price of production enterprises rose again, and the cost support and some downstream replenishment transactions supported the high opening of the market. And the terminal inventory continued to rise, the emergence of class library, on-site supply increased. The overall downstream production and sales declined, but some of the downstream began to prepare for the holiday in succession. The market transactions were improved, and the price rise of production enterprises followed up. Recently, the price of styrene in East China has been raised to around 6600-6700 yuan / ton.

Ethylene analysts of business society chemical branch think: at present, in terms of crude oil, the global multi regional epidemic affects the atmosphere of the crude oil market, the international oil price falls, and the cost support is weak. Therefore, the data analysts of business society expect that the external price of ethylene will mainly fall in the following direction.