According to the monitoring data of the business agency, the external price of ethylene has fallen recently. The average price of ethylene on the first day is 724.25 US dollars / ton, and the price on the fifth day is 713.25 US dollars / ton, down 1.52%. The current price is down 5.87% month on month, and the current price is 13.91% lower than last year.
| Azodicarbonamide (AC foaming Agent) |
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 $725-745 / T and CFR Southeast Asia closing at $730-740 / T as of the 4th. The European ethylene market price fell slightly. As of the 4th, the European ethylene market price was FD, which closed at 692-703 US dollars / ton in northwest Europe and 678-687 US dollars / ton in CIF northwest Europe. Ethylene prices in the U.S. fell to 385-397 US dollars / ton as of the 4th. The ethylene market in Europe and the United States declined slightly in early November. Generally speaking, the trading atmosphere of the whole ethylene market was general, and the market continued to decline.
International: on November 4, the U.S. WTI crude oil futures market prices rose sharply, with the settlement price of main contracts at $39.15/barrel, up $1.49 or 3.95%. Brent crude oil futures market prices rose sharply, with the settlement price of main contracts at $41.23/barrel, up $1.52 or 3.83%. US oil rose nearly 4% on Wednesday, mainly due to the rapid rise in oil prices and the sharp drop in US crude oil inventories after US President trump declared victory in the process of election results not yet produced. Although the crude oil rose recently, the impact of the crude oil slump has not been eliminated, which can not support the cost of ethylene, and the external market of ethylene declined slightly.
Recently, styrene in East China continued to rise, with an overall quotation of 7400-7500 yuan / ton. In the night trading, crude oil and styrene futures rose sharply, the cost of raw materials was supported to some extent, social inventory continued to decrease, some domestic production enterprises’ inventory was low, local supply was tight, supply and demand would continue to support in the face of the market. The downstream replenishment of the terminal is positive, and the optimistic expectation of the downstream can still play a supporting role in the Styrene Market and capital, and the profits of the styrene industrial chain are considerable. Good short-term styrene, is expected to continue to rise after consolidation, easy to rise but difficult to fall.
In terms of crude oil, the ethylene analysts of the chemical branch of the business agency believe that: at present, the crude oil production in the United States has decreased, and the crude oil inventory has dropped to the lowest level in the week up to April 3, which is good for the upward trend of oil price. Therefore, the data analysts of business agency predict that the external price of ethylene will mainly rise next.
| Melamine |