1、 Price trend:

According to the monitoring data of the business agency, the price of ethylene on the outside market in April showed a downward trend. The average price of ethylene on the first day was $517.50/ton, and on the 16th it was $346.00/ton, down 33.14%. The current price is 66.25% lower than last year.

2、 Market analysis:

Product: ethylene overall declined in April. Asian ethylene market prices fell sharply. As of the 27th, CFR Northeast Asia closed at US $350-360 / ton, and CFR Southeast Asia closed at US $325-335 / ton. European ethylene market prices fell, as of the 27th, the European ethylene market price for FD northwest Europe closed at $373-386 / ton, CIF northwest Europe closed at $314-325 / ton. The price of ethylene in the U.S. region has declined. As of the 27th, the price is US $187-199 / ton. Generally speaking, in April, the market of ethylene in Europe and the United States continued to decline, and the price of the whole ethylene market has kept breaking the lowest point. The industry pays more attention to the supply and demand after the festival.

Industry chain: International: on April 27, WTI crude oil futures market price in the United States plummeted, and the settlement price of main contracts was 12.78 yuan / barrel, down 4.16 US dollars or 24.6%. Brent crude oil futures market price also fell sharply, the settlement price of main contract was 23.07 USD / barrel, down 1.80 USD or 7.25%. It can’t support the price of ethylene. In April, the price of oil kept refreshing the lowest price, even when it fell to a negative number, so that the external market of ethylene kept falling, the demand of the whole industry was insufficient, and the price of ethylene kept refreshing the lowest price. After the price of styrene in the downstream fell, it was temporarily stable, and the price of ethanol remained stable, but still unable to support the price of ethylene. Ethylene Prices have been falling all the way.

3、 Future forecast:

According to ethylene analyst of business and chemical branch, in the near future, the global crude oil inventory has risen sharply, and the storage capacity pressure will only become more and more serious. The demand side problem is the most critical factor restricting the oil price at present. In the second quarter, the oil price may remain at a very low level, unable to support the price of ethylene, so the data analyst of business and chemical branch expects that the price of ethylene will keep a narrow decline in the future 。