According to the monitoring data of business agency, the external price of ethylene fluctuated and rose in October. The average price of ethylene at the beginning of the month was US $1125.25/t, and the average price of ethylene at the end of the month was US $1186.75/t, an increase of 5.47%. The current price increased by 6.10% month on month, and the current price increased by 58.13% year-on-year.

ethylene

In October, the external ethylene market showed an overall upward trend. As can be seen from the above figure, ethylene has been rising for four weeks, and the ethylene market price in Asia has continued to rise. As of the 26th, CFR Northeast Asia closed at US $1196-1206 / T and CFR Southeast Asia closed at US $1111-1121 / T. European ethylene market prices rose slightly. As of the 26th, FD northwest Europe closed at US $1252-1264 / T and CIF northwest Europe closed at US $1170-1178 / T. The price of ethylene in the United States rose. As of the 26th, the price was 790-807 yuan / ton. Throughout October, the overall demand of the external ethylene market was good, the market trading atmosphere was active, and the market continued to rise.

International aspect: the international crude oil price continues to rise, the recent recovery of international energy demand is much higher than expected, and the improvement of energy supply is limited, resulting in a shortage of energy supply. The positive fundamentals support the strong rise of crude oil. In addition, market participants said that with the coming winter in the northern hemisphere, the demand for heating will increase, and the global energy crisis may become more severe. Oil prices continued to rise, giving ethylene cost support.

In October, the styrene market rose first and then fell. After the national day, crude oil continued to rise, bulk commodities generally rose, and driven by the rise of pure benzene, the styrene price continued to rise, which slightly repaired the styrene production profit. During the festival, new downstream enterprises in Shandong were put into operation, the inventory of local enterprises was low, and the supply was tight, leading to a continuous rise in prices. After the festival, inventory in East China was low, spot supply was tight, and prices rose sharply. After the middle and late ten days, crude oil fell, bulk commodities generally fell, pure benzene profit fled, on-site selling increased, and styrene prices fell broadly. Overall, the styrene market is still high, which can give ethylene some support.

Ethylene analysts of the chemical branch of the business agency believe that: at present, in terms of crude oil, the economy is gradually recovering, the demand continues to improve, and the high raw material price gives ethylene cost support. Therefore, the data analysts of the business agency expect the external price of ethylene to rise next.