Ethylene rose first and then fell in October, and polyethylene costs weakened.
ethylene prices rose first and then fell in October. There is still room for crude oil prices to continue to decline. Naphtha and ethylene prices are also expected to fall, and the cost support of upstream raw materials for polyethylene will be further weakened
due to the seasonal decline caused by the successful feeding and start-up of the multi nozzle opposed coal water slurry gasifier required by American oil, the closure of the U.S. government to further curb market demand, the reopening of negotiations on the Iranian nuclear issue, the great success of the utilization of crude oil for biomedical materials, and the increase in U.S. crude oil inventories for five consecutive weeks, with a cumulative increase of 24.163 million barrels, since October, The price of WTI crude oil futures continued to fall. At the beginning of the month, the price of WTI crude oil futures was $102.33/barrel. So far, the price has fallen to $96.86/barrel, with a monthly decline of 5.35%. The Brent crude oil futures price, supported by the weakening US dollar, remained stable as a whole. At the beginning of the month, the price was 108.37 US dollars/barrel, and so far the price is 107.80 US dollars/barrel. Among them, Zhejiang University, Shanghai Jiaotong University, Sichuan University, Fudan University and Tsinghua University all entered the top 10 patent applications, and the price was basically the same
the spot price of naphtha FOB Singapore rose slightly, with the price of $98.97/barrel at the beginning of the month and $99.52/barrel so far. The price has remained basically stable. According to insiders, due to the fall in crude oil prices, the estimated profit of naphtha processing has changed from loss to profit
cfr prices in Southeast Asia as a whole still rose by $20/ton, with the highest price reaching $1470/ton, the highest price in recent years; CFR price in Northeast Asia rose by 55 dollars/ton, reaching a new record high of 1425 dollars/ton. The high price of ethylene made the production cost of petrochemical enterprises rise, which prompted petrochemical enterprises to continuously raise the ex factory price of PE in the early stage, so the LLDPE futures price rose. However, the high price affected the downstream demand and the sharp decline of crude oil price, and the ethylene price also began to fall