According to the monitoring data of the business agency, the external price of ethylene has increased slightly recently. The average price of ethylene on the 21st day was 738.50 US dollars / ton, compared with 743.25 US dollars / ton in the previous trading day, up 0.20%. The current price is up 2.88% month on month, and the current price is down 16.44% year-on-year.

Recently, the overall trend of ethylene is rising slightly. Asian ethylene market prices remained stable. As of the 22nd, CFR Northeast Asia closed at $795-805 / T and CFR Southeast Asia closed at $700-710 / T. The price of European ethylene market rose. As of the 22nd, the European ethylene market price was FD, northwest Europe closed at 754-764 US dollars / ton, CIF northwest Europe closed at 695-703 US dollars / ton. The price of ethylene in the United States remained stable. As of the 22nd, the price was 335-353 US dollars / ton. Generally speaking, the ethylene market in Europe and the United States has increased steadily in recent years. The demand of the whole ethylene market is fair, and the trading atmosphere is general, and the increase is small.

International: on July 21, the price of WTI crude oil futures market in the United States rose, with the settlement price of main contracts at $41.92/barrel, up $1.00. The price of Brent crude oil futures market rose, with the settlement price of main contracts rising by 1.04 to US $44.32/barrel. The oil price hit a high of more than four months, mainly due to the obvious progress made in the US stimulus plan and the EU recovery fund. In addition, breakthroughs were also made in vaccine and the demand worries eased. Crude oil market rose, giving ethylene cost support, ethylene external market rose slightly.

The downstream styrene price fluctuated and fell. On the 22nd, the average styrene price was $5300.00/t. Generally speaking, the price still showed a small decline, and the situation of oversupply remained unchanged in the short term. In the later stage, the import volume of styrene decreased month on month, the inventory decreased, and the price rose. It can give ethylene some support.

The ethylene analyst of the chemical branch of the business agency thinks: in terms of crude oil, the oil price continues to fluctuate in a narrow range at the position of $40, and the market is in a state of anxiety. The implementation rate of production reduction in many countries exceeded 100%. This is the supply and demand side of the Lido bottom crude oil market. The formation cost of ethylene is supported, and the ethylene price is currently at a low level, so the data analysts of the business agency expect that the ethylene price will mainly rise next.