Price trend

According to the monitoring data of SunSirs, the price of MTBE in Shandong on March 28 was 7,487 RMB/ton, down 6.11% from the previous working day, up 0.64% month-on-month, and up 31.13% year-on-year.

Analysis review

Although crude oil was still at a high level recently, due to the impact of the epidemic, local demand and transportation were affected to a certain extent, and this week was approaching the end of the month, some businesses cleared their warehouses ahead of schedule. In addition, the prices of gasoline and raw material carbon 4 fell sharply over the weekend, which led to the adjustment of MTBE in Shandong to follow the decline.

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