- Price Trend
According to data from SunSirs, MTBE's price last weekend was 6,516 RMB/ton, up 0.77% from that of the previous week.
- Market Analysis
Products: Domestic MTBE prices rose first and then fell slightly in this cycle. MTBE market demand after the Mid-Autumn Festival holidays is general, and the overall market is stable, moderate and weak.
Industry chain: After the international oil price soared, it fell back and the demand for refined oil market purchasing weakened after the Mid-Autumn Festival. In addition, the price of refined oil rose too much due to the sharp rise of crude oil in the previous period, which frustrated the trade sentiment of the industry.
MTBE market: MTBE prices rose to a relatively high level due to the surge in crude oil, and then the downstream mentality began to be cautious. After Saudi Arabia said it would return to crude oil production capacity in the near future, the MTBE market atmosphere continued to fall. On the alkylation side, the price of crude oil dropped after the risk event weakened, and the high level of alkylated oil subsequently made a downward concession. And after the Mid-Autumn Festival holiday, the demand for alkylated oil purchasing has weakened, and the market has shown a small weakness.
- Market Forecast
Analysts of MTBE products of SunSirs believe that the international oil price has fallen and the operation of domestic gasoline market tends to be cautious, but with the coming of National Day holiday, the market demand has been supported, and MTBE market prices are expected to run steadily next week.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com .
