Morning Market Update: Ethylene Tar

1. Key Focus Points

Crude Oil: [Chempricehub] November 10: Qatar and other mediators continue to push for U.S.-Iran negotiations, easing market concerns and leading to a decline in international crude oil prices. NYMEX WTI futures (December contract) fell by $0.81/bbl to $86.04/bbl (-0.93% MoM); ICE Brent futures (January contract) dropped by $1.08/bbl to $91.49/bbl (-1.17% MoM). China INE crude oil futures (SC2701 contract) decreased by 31.4 yuan/barrel to 599.3 yuan/barrel; the night session saw a further drop of 9.1 yuan/barrel to 590.2 yuan/barrel.