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Morning Market Update on Ethylene Tar

Published on 2026-11-10
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Crude Oil: [Chempricehub] November 9: The U.S. downplayed expectations of renewed strikes on Iran, easing concerns over supply risks and causing international oil prices to fall. NYMEX crude oil futures (December contract) settled at $86.85 per barrel, down $3.98 (-4.38%); ICE Brent crude futures (January contract) settled at $92.57 per barrel, down $5.75 (-5.85%). China’s INE crude oil futures (SC2701 contract) fell by 1.1 yuan to 630.7 yuan per barrel during the day session, and dropped by 25 yuan to 605.7 yuan per barrel in the night session.

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  • Priya Kapoor 2026-11-10 10:01
    With crude prices dropping sharply due to eased geopolitical tensions, I expect ethylene feedstock costs to decline soon. This should help improve margin compression for downstream derivatives if capacity utilization rem..
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