According to the monitoring data of the business news agency, the external price of ethylene has risen slightly in the near future. The average price of ethylene on the 21st was US $1051.50/ton, and the average price of ethylene on the 22nd was US $1052.75/ton, up 0.12%. The current price has increased by 2.58% on a month on month basis, and the current price has increased by 41.64% on a year-on-year basis.
In the near future, the overall external ethylene market is on the rise. The price of ethylene market in Asia was stable. As of the 22nd, CFR closed at US $1001-1011 / T in Northeast Asia and US $966-976 / T in Southeast Asia. As of the 22nd, the price center of ethylene market in Europe moved up, with FD closing at US $1160-1170 / T in northwest Europe and CIF closing at US $1063-1071 / T in northwest Europe. The price of ethylene in the U.S. is stable. As of the 22nd, the price is 1045-1062 US dollars / ton. Recently, the market of ethylene in the external market has been fluctuating and rising. The price of ethylene in the U.S. has increased a lot in the early stage and is relatively stable in the near future. Generally speaking, the external market demand of ethylene is good, the buying atmosphere is active, the transaction is good, and the focus of ethylene market is moving up.
International: on July 21, the international oil price rose sharply. The settlement price of the main contract in the U.S. WTI crude oil futures market was US $70.32/barrel, up 3.12 US dollars or 4.64%. The settlement price of the main contract in the Brent crude oil futures market was US $72.23/barrel, up 2.88 US dollars or 4.20%. Although US commercial crude oil inventories increased for the first time in eight weeks, market risk index preference improved and oil prices rebounded sharply.
The price of styrene has been lowered recently. Crude oil, futures rebounded after the correction, cost support still exists. The inventory of domestic enterprises is low, and some of them have reduced production. However, new devices have been put into operation and maintenance devices have been restored. It is expected that the supply will pick up in the future. Port inventory low, benzene week part of the cargo delay, if pick up to maintain, expected to go to the warehouse next week. At the end of the month, more active replenishment transactions appeared in the bargain hunting market.
Ethylene analyst of business society chemical branch thinks: at present, in terms of crude oil, the consumption of refined oil in the United States is fast, the market demand is good, and there is still room for crude oil to rise. Therefore, the data analysts of business agency expect that the external price of ethylene will mainly rise next.
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