According to the monitoring data of the business news agency, the overall external price of ethylene is on a downward trend recently. On January 19, the price was US $1050.50/ton, and on January 27, the average price of ethylene was US $1020.25/ton, down 3.34%. The current price is down 0.02% month on month, and the current price is up 20.99% year on year.

In the near future, the overall external ethylene market showed a downward trend. As of the 26th, CFR Northeast Asia closed at US $920-930 per ton, and CFR Southeast Asia closed at US $892-900 per ton. The price of ethylene market in Europe fluctuated and fell. As of the 26th, FD in northwest Europe closed at US $1118-1129 / T, CIF in northwest Europe closed at US $1132-1141 / T. The price of ethylene in the U.S. fluctuates greatly. As of the 26th, the price is 650-661 U.S. dollars / ton. Recently, the market of ethylene in Europe, America and Asia shows a downward trend on the whole, with occasional rise, but soon the price falls again, with a large overall decline.

International: on January 26, the price of WTI crude oil futures market in the United States dropped slightly, with the settlement price of the main contract at US $52.61/barrel, down US $0.16. Brent crude oil futures market prices fell slightly, the settlement price of the main contract was 55.64 US dollars / barrel, down 0.24 US dollars. International oil prices closed down slightly on Tuesday, mainly because the number of new cases of global epidemic continues to rise and the recovery of market fuel demand is expected to cool down, but the news of the explosion in Saudi Arabia limited the decline of oil prices.

In the near future, the styrene market as a whole fell. Crude oil fell, pure benzene narrowed, ethylene weakness fell, styrene cost support surface was acceptable, night styrene continued to reduce positions downward. Last week, the import source was obviously low, the port inventory accumulation was slow, the operation rate of domestic styrene rose, and the supply on site was good. On the downstream side, as the downstream plants gradually enter the production reduction or shutdown period in the last ten days of ABS, the demand for styrene shrinks again. EPS and PS need to be observed. Generally speaking, with the advent of seasonal off-season, the demand support of the three downstream plants is not strong. And according to market news, next week, the main port’s arrival volume is around 50000 tons, and the arrival volume is too much. If there is no closure and other accidents, the main port will accumulate again. It is expected that in the short term, the market will once again suppress the profit of styrene production, and styrene may be adjusted in a weak way.

Ethylene analysts of business society chemical branch think: at present, in terms of crude oil, analysts have different estimates of changes in US crude oil inventory, the crude oil market is waiting for us oil inventory data, the international oil price fluctuates slightly, and the cost support is general. Therefore, business society data analysts predict that the external price of ethylene will mainly fall in the next few days.