The international crude oil market continues to be favorable, the domestic refined oil price adjustment “seven consecutive rises” have been implemented, the actual domestic gasoline demand during the Spring Festival holiday is far better than expected, the terminal replenishment demand is strong, and the crude oil and gasoline prices are rising. According to the data of business news agency, the price of MTBE on February 24 was 5166 yuan / ton, up 9.93% compared with that before the Spring Festival.
Recently, the price of international crude oil market continued to hit a high point in the year. As of press release, WTI oil price was at 62.5 US dollars / barrel. According to the monitoring of the business community, the prices of WTI and Brent crude oil have increased by more than 16% since February. The good news of the international crude oil market is spreading continuously, and the inventories of the United States and China are declining. In addition, OPEC + is still strictly implementing the production reduction agreement, and the effect of national oil production control is ideal, so it is necessary to increase the supply and lower the crude oil market price. At the same time, the cold wave in the United States limited the supply of shale oil and gas fields in the United States, and accidental factors helped to increase the price of crude oil. In terms of gasoline demand, the local new year was originally advocated, and the expectation of gasoline terminal demand was not good. However, the domestic epidemic control effect was very good, and the consumption situation in the terminal market was far better than expected. In addition, the international crude oil price rose sharply, and the “seven consecutive rises” of refined oil price adjustment was implemented. The market was bullish, and the demand for terminal replenishment increased. Gasoline prices are climbing.
At present, the international crude oil market is in a rising channel. After the Spring Festival, gasoline prices soared, MTBE market operators have a strong bullish mentality, and the demand for stock in stock is rising. In addition, since the Spring Festival, the overall inventory of MTBE manufacturers is in a low state, the pressure of refinery delivery is small, and the price of MTBE rises.
The MTBE product analyst of business society energy branch thinks: after the international crude oil price and gasoline price rise sharply, or maintain a high operating state, the price of MTBE and other intermediate materials will also rise to a high level. It is expected that the domestic MTBE market price will continue to rise to a high level in the short term, but the rise range is limited.