According to the monitoring data of the business agency, the external price of ethylene has fallen recently. On December 7, the price was 942.50 US dollars / ton, and the average price of ethylene on 8 days was 941.50 US dollars / ton, down 0.11%. The current price is up 31.49% month on month, and the current price is 17.98% higher than last year.
| PVA 1799 (PVA BF17) |
In the near future, the overall market of ethylene in the external market shows a downward trend. Asian ethylene market prices fell, with CFR Northeast Asia closing at $980-990 per ton and CFR Southeast Asia closing at $905-915 per ton as of the 7th. European ethylene market prices fell, as of the 7th, FD northwest Europe closed at 926-941 US dollars / ton, CIF northwest Europe closed at 937-948 US dollars / ton. The price of ethylene in the U.S. has increased greatly. As of the 7th, the price is 633-645 US dollars / ton. At the beginning of December, the Eurasian ethylene market declined slightly. Generally speaking, the demand of the whole ethylene market is general, the market atmosphere is cold and clear, and the market is slightly down.
International: on December 7, the U.S. WTI crude oil futures market price fell, and the settlement price of the main contract was $46.26/barrel, down $0.62. Brent crude oil futures market price fell, the main contract settlement price to 49.25 U.S. dollars / barrel, down 0.54 dollars. International oil prices fell slightly on Monday, mainly due to a surge in the number of new cases and increased market tensions due to uncertainty in Sino US relations.
In the near future, the East China styrene market continues to be weak. Crude oil is weak in the short term, pure benzene and ethylene are strong in the short term, and the price is rising, and the cost of styrene is well supported. However, domestic plant restart increased and spot supply increased. The downstream production and sales are declining, the demand is weakening, and there is a long and short market confrontation game. Today, the East China styrene market price is in the shade of 7800-8150 yuan / ton.
In terms of crude oil, the number of new crown cases has increased sharply, and the southern part of California has adopted strict blockade measures, and the cost support is not strong. Therefore, the data analysts of business agency expect that the external price of ethylene will fall mainly as follows.
| POLYVINYL ALCOHOL |