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Morning Market Briefing on Ethylene Tar

Published on 2026-10-20
  1. Key Points

【Chempricehub】October 19: Although geopolitical tensions in the Middle East and between Russia and Ukraine remain unstable, the United States has granted exemptions from certain sanctions on Russia, resulting in mixed movements in international crude oil prices. NYMEX November crude oil futures rose by $2.25 per barrel to close at $103.66/barrel, a day-on-day increase of +2.22%. ICE Brent December crude oil futures fell by $0.31 per barrel to close at $109.55/barrel, a day-on-day decrease of -0.28%. China INE December 2026 crude oil futures dropped by 4.2 yuan to settle at 718.8 yuan/barrel during the daytime session, but rebounded by 16.8 yuan to reach 735.6 yuan/barrel in the night session.

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  • Olivier Dupont 2026-10-20 10:01
    Ethylene tar feedstock costs are volatile as crude diverges, squeezing margins. I worry about capacity utilization if downstream demand weakens amid these geopolitical swings and sanctions exemptions.
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