According to the monitoring data of business news agency, the external market price of ethylene rose first and then fell in January. On January 1, the price was US $1024.00/ton. On January 28, the average price of ethylene was US $1012.00/ton, down 1.17%. The highest price was US $1086.75/ton on November 11, down 6.88% compared with the current price, down 0.83% on a month on month basis, and up 20.01% on a year-on-year basis.

In January, the external market of ethylene showed a trend of first rising and then falling. As of the 27th, CFR Northeast Asia closed at US $920-930 per ton, and CFR Southeast Asia closed at US $892-900 per ton. The price of ethylene market in Europe fluctuated slightly. As of the 27th, FD closed at US $1110-1120 / T in northwest Europe and CIF closed at US $1106-1117 / T in northwest Europe. The price of ethylene in the U.S. fluctuates greatly, rising first and then falling, and there is a rising trend in the near future. As of the 27th, the price of ethylene is 726-739 US dollars / ton. The overall price of ethylene fluctuates greatly in January. The fluctuation of crude oil drives the fluctuation of ethylene market.

International: on January 27, the price of WTI crude oil futures market in the United States rose slightly, with the settlement price of the main contract at US $52.85/barrel, up US $0.24. Brent crude oil futures market prices fell slightly, the settlement price of the main contract was 55.53 US dollars / barrel, down 0.11 US dollars. The international oil price fluctuated in a narrow range on Wednesday, with little change. On the one hand, the market still expected the United States to launch large-scale stimulus measures, which was boosted by the favorable news of the sharp reduction of U.S. crude oil inventory; on the other hand, the market’s continued concern about the epidemic depressed the expectation of oil price rise.

Recently, the domestic styrene market rose steadily, and the night market rose sharply, which was mainly driven by the rising funds, driving the spot market to be better. Affected by the heavy fog, the Yangtze River Estuary was closed, resulting in the delay of port arrival, the concentration of arrival within the week, and the wharf inventory began to rise. In the next week, the maintenance plant will restart, the load of the device will be increased, and the supply is expected to increase. Although the downstream start-up has declined, it is still higher than that in the same period, and the procurement has maintained just demand.

Ethylene analysts of business society chemical branch think: at present, in terms of crude oil, U.S. crude oil inventory is declining, but the market’s continuous concern about the epidemic situation is restricting oil demand, international oil prices fluctuate slightly, and cost support is general. Therefore, data analysts of business society expect that the external price of ethylene will mainly fall as follows.