1、 Price trend:

According to the monitoring data of the business agency, the price of ethylene in the external market has been on the rise recently. The average price of ethylene on the 21st was 842.50 US dollars / ton, 1.84% higher than that on the 17th, 827.25 US dollars / ton. The current price is 7.01% lower than that of last year.

2、 Market analysis:

Product: ethylene is on the rise this week. Prices in the Asian ethylene market rose, with CFR Northeast Asia closing at $832-840 per ton and CFR Southeast Asia closing at $712-720 per ton by the end of the week. The price of European ethylene market rose slightly. As of the end of the week, the price of European ethylene market was FD, northwest Europe closed at US $949-962 / ton, and CIF northwest Europe closed at US $858-866 / ton. The price of ethylene in the U.S. rose first and then fell. As of the end of the week, the price was US $451-463 / ton. Overall: in recent years, the European and American ethylene market overall rose, and the overall ethylene market rose. The industry pays more attention to the supply and demand after the festival.

Industry chain: International: on January 20, the New York Mercantile Exchange closed, and Brent crude oil futures rose to $65.20/barrel, up $0.35 or 0.5% from the previous trading day. According to the news, Libya’s two largest oil fields were closed due to the military blockade, and the continuous rise of crude oil played a supporting role in the price of ethylene. In the later stage, it was good to support the rise of ethylene price, and the external market of ethylene rose this week. The price of styrene in the lower reaches was concussive and consolidated, and the price of ethanol remained stable, which supported the price of ethylene.

3、 Future forecast:

According to ethylene analysts of business Chemical Branch, the recent force majeure in Libya’s key crude oil production may affect the pricing of Mediterranean light and low sulfur crude oil, so analysts of business data expect that ethylene prices will keep a narrow range of shocks in the future, not excluding the possibility of rising.