Morning Market Note for Ethylene Tar (September 18, 2026)

1. Key Focus Points

According to Chempricehub, reports indicate positive progress in U.S.-Iran negotiations, raising expectations for the reopening of the Strait of Hormuz and leading to a decline in international crude oil prices. The NYMEX WTI September futures contract settled at $75.77 per barrel, down $4.57 (-5.69% period-over-period). The ICE Brent October futures contract closed at $79.36 per barrel, down $4.41 (-5.26% period-over-period). In China, the INE crude oil futures 2609 contract fell by 12.5 yuan to 537 yuan per barrel during the day session, and dropped another 26.5 yuan to 510.5 yuan per barrel in the night session.