According to the Commodity Market Analysis System of SunSirs, from January 2nd to 14th, MTBE prices rose from 5,562 RMB/ton to 6,225 RMB/ton, with a price increase of 11.91% during the period and a year-on-year decrease of 4.05%. The domestic MTBE market initially suppressed and then rose, with manufacturers mainly offering narrow discounts in the early stage. With the increase in gasoline shipping orders, the MTBE market has opened up an upward trend, and prices have risen significantly. Some large manufacturers have temporarily stopped production, and resource supply has tightened. At the same time, there is also demand that has improved, which has driven prices to actively rise under the dual forces of supply and demand.

In terms of cost and crude oil, the rise in international oil prices is mainly due to the market's continued expectation of improved demand in Asia, some oil producing countries facing new sanctions from the West, and the combination of cold weather in the United States boosting heating demand. As of January 13th, the settlement price of the main Brent crude oil futures contract was $81.01 per barrel, an increase of $1.25 or 1.6%.

On the demand side, international crude oil futures have fluctuated upwards, and market news has reported favorable cost increases. The rise in refined oil prices has resumed, and refineries have raised the prices of gasoline and diesel. In addition to reducing inventory, midstream and downstream merchants have replenished their stocks appropriately, and the market buying and selling atmosphere is still acceptable. Short term MTBE demand is influenced by favorable factors.

Supply side: The Yuhuang plant in Shandong has temporarily shut down due to a malfunction, while the Chengtai plant in Shandong has started operating. Overall, the operating rate of the plant has decreased. The short-term domestic MTBE supply is affected by favorable factors.

As of the close on January 13th, the closing price of the Asian MTBE market has increased by $39.85/ton compared to the previous trading day, with FOB Singapore closing at $769.98-771.98/ton. The closing price of the European MTBE market increased by $22.5/ton compared to the previous trading day, and FOB ARA closed at $885.99-886.49/ton. The closing price of the MTBE market in the United States increased by $8.99/ton compared to the previous trading day, and the FOB Gulf offshore price closed at $766.86-767.22/ton (216.53-216.63 cents/gallon).

There is a high possibility that the gasoline market will continue to operate strongly in the future, which is expected to provide bottom support for the MTBE market. Short term resource supply will increase, and MTBE analysts from SunSirs believe that the domestic MTBE market will remain relatively strong.

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