China's ethylene prices surge over 66% YoY, hitting 5-year high

China's ethylene prices recorded a five-year high in early November, as the supply at home and abroad remained tighter. Besides, some downstream users increased procurement, given lower feedstock inventory.

As of November 9, the mainstream negotiated price of ethylene in the East China market read Yuan 10,250/t, up 13.26% month-on-month and a surge of 66.94% year-on-year. That in Shandong fluctuated in the range of Yuan 10,200-10,500/t, a rise of around 15.73% month-on-month. Ethylene Market Price Comparison, 2026 (Yuan/t, $/t) Source: