International oil price falls sharply, ethylene external market price falls

According to the monitoring data of the business news agency, the external price of ethylene has dropped recently. On March 24, the price was 1145.25 US dollars / ton, and on March 26, the average price of ethylene was 1121.50 US dollars / ton, down 2.07%. The current price has increased by 2.65% month on month, and the current price has increased by 97.53% year on year.


Azodicarbonamide (AC foaming Agent)

In the near future, the overall external ethylene market showed a downward trend. As of the 25th, CFR Northeast Asia closed at US $1047-1055 per ton, and CFR Southeast Asia closed at US $992-1000 per ton. The price of ethylene market in Europe fluctuated and fell. As of the 25th, FD in northwest Europe closed at US $1219-1233 / T, CIF in northwest Europe closed at US $1199-1208 / T. The price of ethylene in the United States dropped slightly, reaching US $1216-1229 per ton as of the 25th. Recently, the market of ethylene in Europe, the United States and Asia showed a slight downward trend. Generally speaking, the external market of ethylene is cold and the market tends to go down.


International: on March 25, international oil prices fell, and the settlement price of the main contract in the US WTI crude oil futures market was $58.56/barrel, down $2.62 or 4.68%. Brent crude oil futures market settlement price of the main contract was $61.80/barrel, down $2.45 or 3.81%. Previously, oil prices rebounded sharply due to the news that the huge container ship blocked the Suez Canal. Although the ship has not completely extricated itself from the predicament, the market has now got rid of the influence of channel blockage. Oil prices recovered most of their gains yesterday. At present, the market focuses on the negative effect of the blockade measures to prevent and control the epidemic in Europe on economic recovery.


On March 25, the styrene market as a whole rose steadily. Boosted by the news of production reduction or temporary maintenance of some devices, night styrene futures continued to rise sharply, with be2105 closing at 8177, up 2.15%, increasing 833 positions, boosting the market mentality of today’s styrene spot market. In the aspect of equipment, the investment of new production capacity is offset by the reduction of equipment maintenance capacity. To sum up, the cost of styrene has moved down, the downstream demand has not improved significantly, the replenishment at the end of the month, the maintenance of the plant, and the mixing of air and air are expected to be slightly stronger in the short term.


Ethylene analysts of business society chemical branch think: at present, in terms of crude oil, a new round of blockade of cruise ships by many countries has inhibited the growth of crude oil demand, crude oil is on a downward trend, and the cost is difficult to support the ethylene market. Therefore, data analysts of business society expect that the external price of ethylene will mainly fall in the following direction.

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