First, the price trend
According to the price monitoring of the business community shows: September 16 ethylene commodity index was 77.42, unchanged from yesterday, compared with the highest point of the week 100.05 points (2013-03-05) fell 22.62%, compared with the lowest point on February 03, 2016 53.16 Point up 45.64%. (Note: the cycle refers to 2013-03-01 so far)
Since August 31, by the US multi-round hurricane continued impact, ethylene continued upward trend, as of September 16, ethylene rose 40.6 US dollars / ton, or 3.74%.
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Second, the market analysis
Upstream: by the OPEC monthly report and IEA raised the global crude oil demand growth is expected to boost, US oil nearly half a month from 45.58 US dollars / barrel rose to 50.50 US dollars / barrel, up nearly 5 US dollars / barrel, or 1.11%.
Downstream: polyethylene and polyvinyl chloride outside the disk offer the overall trend of steady upward trend, the upward trend of ethylene oxide center, the external offer of styrene finished lower.
Third, the market outlook forecast
Ethylene analysts believe that due to the United States a number of major ethylene producing areas by multiple hurricanes, production returns to normal levels take a long time, coupled with the upstream US oil prices strong to ethylene more strong support. The market outlook is expected to continue to maintain steady upward trend.
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