According to the monitoring data of the business agency, the external price of ethylene has increased recently. On December 10, the price was 934.75 US dollars / ton, and the average price on December 15 was 965.25 dollars / ton, up 27.51%. The current price is up 31.49% month on month, and the current price is 25.56% higher than last year.

In the near future, the overall market of ethylene in the external market shows an upward trend. Asian ethylene market prices rose slightly. As of the 14th, CFR Northeast Asia closed at $975-985 / T and CFR Southeast Asia closed at $905-915 / T. The price of ethylene market in Europe increased greatly. As of the 14th, FD northwest Europe closed at 976-991 US dollars / ton, CIF northwest Europe closed at 987-999 US dollars / ton. The price of ethylene in the United States rose. As of the 14th, the price was 683-694 US dollars / ton. Recently, the ethylene market in Europe and the United States showed a rising trend. Generally speaking, the demand of the whole ethylene market improved, the market trading atmosphere was warm, and the market continued to rise.

International: on December 14, the U.S. WTI crude oil futures market prices rose slightly, with the settlement price of main contracts at $46.99/barrel, up $0.42. Brent crude oil futures market prices rose slightly, with the settlement price of the main contract at $50.29/barrel, up $0.04. Oil prices rose slightly on Monday, mainly due to the impact of vaccination boosting fuel demand expectations, and the Saudi oil tanker explosion also caused market tension.

In the near future, East China styrene market continued to decline. Crude oil was weak in the short term, and styrene cost support weakened. Styrene futures market is also weak. In addition, the downstream production and sales decline, the demand weakened and the accumulation of stocks. Although the port styrene inventory decreased to a low level, and there was still expectation of a decrease, the market price of styrene in East China fell in the shade today, with the price around 7300-7400 yuan / ton.

In terms of crude oil, the emergency use of us vaccines in the United States has brought confidence to the market. With the rise of international oil prices and strong cost support, business community data analysts expect that the external price of ethylene will rise mainly.