In China, oil prices will continue to be wide shocks in the future, US crude oil inventories fell, OPEC extended production cut expectations, oil prices rose sharply, the long-term trend is constrained by weak global demand and continued pressure, due to Ethylene price fell down.
For Calcium Carbide, the production of calcium carbide in the northwest is normal, the price consolidation is stable, and the price of raw materials in the upper reaches is consolidated at a low level.
Compared with 2018 year, calcium carbide the price has dropped considerably, and its the strength of cost support is not enough, which has a negative impact on calcium carbide prices Future Calcium carbide prices or low consolidation. PVC downstream products imports decreased, increased exports also support the formation of prices.
European ethylene market prices fell, FD northwest Europe quote us $867-880 / ton, CIF Northwest Europe quote us $776-787 / ton, down US $5 / ton
Asian ethylene market prices fell, CFR Northeast Asia quote us $767-775 / ton, down US $10 / ton, CFR Southeast Asia 707-715 / ton, down us $40 / ton. T
USA ethylene market fell yesterday, with FD Gulf trading at $396-$408 / ton, down $20 / ton.
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