According to the monitoring data of business society, the price of ethylene external market has risen recently, with the price of USD 1104.75/t on March 1, the average price of ethylene on March 1 being 1196.25 USD / ton, up 8.28%, and the current price rose 23.04% on a month basis, and the current price rose 64.94% year on year.

Recently, the external market of ethylene market overall showed a rising trend. After the Asian ethylene market price rose sharply, it stabilized, and as of the 10th, CFR Northeast Asia closed at $1198-1204 / T, and CFR Southeast Asia closed at $1143-1150 / T. The European ethylene market price rose slightly, as of the 10th, FD northwest Europe closed at $1213-1225 / T and CIF NW Europe at $1214-1225 / T. The price of ethylene in the U.

International: on March 10, the WTI crude oil futures market in the United States rose in price, with the settlement price of main contract at $64.44/barrel, or 0.43 USD. Brent crude oil futures market prices rose, with the settlement price of main contract at $67.90/barrel, or 0.38 US dollars. Oil prices rebounded on Wednesday as optimism for a global recovery rose and US gasoline stocks fell sharply, but oil production surges after extreme weather Limited oil prices.

The styrene market has continued to fall in the near future. Profit taking occurred in crude oil, stock market and futures. In addition, the main port of East China failed to go to the warehouse as expected and new equipment was about to be put into operation. It is expected that styrene is still in the stage of high rise and fall consolidation in the near future, with a long period of air stagnation, and the overall weak adjustment.

Ethylene analysts of the chemical branch of business society believe: at present, the crude oil: the gasoline inventory in the United States has declined sharply, the global economic recovery is relatively optimistic, and the cost side is favorable for ethylene market. Therefore, the data analysts of business society expect the ethylene external market price to be mainly increased next.