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Morning Market Update: Ethylene Tar

Published on 2026-09-30

1. Key Focus Areas

Crude Oil: According to Chempricehub, on September 29, international crude oil prices declined as mediators including Qatar continued to promote U.S.-Iran peace talks, while Saudi crude supply showed signs of recovery. The NYMEX November crude oil futures contract settled at $89.38 per barrel, down $3.22 (or -3.48%) from the previous session. The ICE Brent November futures contract closed at $102.59 per barrel, a decrease of $2.69 (or -2.56%). In China, the INE November 2026 crude oil futures contract fell by 17.2 yuan to 716.9 yuan per barrel during regular trading and dropped another 11.7 yuan to 705.2 yuan per barrel in the night session.

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  • Elena Vasquez 2026-09-30 20:05
    With crude dropping nearly 3.5%, I expect ethylene feedstock costs to ease, potentially boosting olefin margins if downstream demand holds steady. However, capacity utilization remains a risk if global supply recovery ou..
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