Morning Market Insight: Ethylene Pyrolysis Tar

I. Key Focus Areas

【Chempricehub】Crude Oil: With the United States and Iran scheduled to hold talks, market expectations for a de-escalation of geopolitical tensions have led to a decline in international crude oil prices. NYMEX WTI crude futures for the October contract fell by USD 1.19 per barrel to USD 94.59, a decrease of 1.24% from the previous session; ICE Brent crude futures for the November contract dropped by USD 1.09 per barrel to USD 99.25, down 1.09%. On China’s Shanghai International Energy Exchange (INE), crude oil futures for the November 2026 contract declined by CNY 13.7 to CNY 717.1 per barrel, while night-session trading saw a further drop of CNY 22.3 to CNY 694.8 per barrel.