According to the monitoring data of the business agency, the external price of ethylene has risen recently. The average price of ethylene on 24 days was 681.25 dollars / ton, and that on the 26th day was 683.25 dollars / ton, up 0.29%. The current price is down 8.93% month on month, and the current price is 27.08% lower than last year.

Recently, ethylene is on the rise as a whole. Asian ethylene market prices rose, as of the 26th, CFR Northeast Asia closed at 715-725 USD / T, CFR Southeast Asia closed at 685-695 USD / T. European ethylene market price rose, as of the 26th, the European ethylene market price was FD, northwest Europe closed at 662-673 US dollars / ton, CIF northwest Europe closed at 651-659 US dollars / ton. Ethylene prices in the U.S. rose to $506-518 per ton as of the 26th. Generally speaking, the ethylene market in Europe and the United States is on an upward trend, and the overall ethylene market demand is moderate, and the rise is not big.

International: on August 26, the U.S. WTI crude oil futures market prices rose slightly, with the settlement price of main contracts at $43.39/barrel, up $0.04. Brent crude oil futures market price fell, the main contract settlement price to 46.16 US dollars / barrel, down 0.13 US dollars. Oil prices were basically stable on Wednesday, weighed down by concerns about demand during the outbreak. However, oil prices were also boosted by the closure of installations in the Gulf of Mexico caused by Hurricane Laura. Under the support of cost, the external market of ethylene increased slightly.

Recently, the domestic styrene market continued to rebound and entered the delivery period at the end of the month. Driven by the rising prices of some raw materials and the cost of holding goods, some markets were reluctant to sell at low prices, and the prices of production enterprises rose again. The supporting market still had room for improvement. Recently, the domestic operating rate is still high, and the port inventory is still high, so the effect of short-term de stocking is low.

Ethylene analysts of the chemical branch of the business agency believe that: at present, the market is focusing on the impact of Hurricane Laura on American refineries and demand, and the oil price is firm at a high level. Therefore, business agency data analysts predict that ethylene external price will rise next.