According to the monitoring data of business agency, the external price of ethylene fell this week. The average price of ethylene at the beginning of the week was US $1308.00/ton, and the average price of ethylene at the weekend was US $1215.75/ton, down 7.05%. The current price fell by 1.44% month on month, and the current price rose by 25.04% year-on-year.

This week, the external ethylene market generally showed a downward trend. Asian ethylene market prices rose. As of the 16th, CFR Northeast Asia closed at US $1206-1216 / ton and CFR Southeast Asia closed at US $1186-1196 / ton. European ethylene market prices fell sharply. As of the 16th, FD northwest Europe closed at US $1257-1268 / ton and CIF northwest Europe closed at US $1194-1201 / ton. The price of ethylene in the United States fluctuated slightly. As of the 16th, the price was 840-858 yuan / ton. The external ethylene market rose and fell this week, mainly affected by the upstream crude oil market, and the price was chaotic. The large decline of ethylene in Europe led to the decline of ethylene market.

International: on February 16, the price of international crude oil futures rose. The settlement price of the main contract of WTI crude oil futures in the United States was US $93.66/barrel, up US $1.59 or 1.7%, and the settlement price of the main contract of Brent crude oil futures was US $94.81/barrel, up US $1.53 or 1.6%. US Energy Information Administration (EIA) data showed that US fuel demand hit a record high, and oil prices were boosted upward.

Recently, Shandong styrene market is weak. The raw material pure benzene continues to rise and fall, and the cost support is weakened, but it is still maintained. The position of night futures decreased. Short term supply increment, sufficient supply, slow resumption of work in the downstream, insufficient spot demand, market spot trading is still depressed, and there is a confrontation between supply and demand. The price of styrene in East China is around 8700-8900 yuan / ton. The price is around 8750 yuan / ton in Northeast China and 9100-9150 yuan / ton in South China. On the whole, supply and demand are facing a game of confrontation, and market expectations are still volatile in the short term.

Ethylene analysts of the chemical branch of the business agency believe that: at present, in terms of crude oil: the international oil price has been at a high level recently, the cost support is strong, and the market situation is good. Therefore, the data analysts of the business agency expect the external price of ethylene to rise next.