Price Trend

Business Club: MTBE market prices fell this week (Oct. 8-Oct. 12)

According to data from business associations, MTBE’s price this weekend was 5567 yuan/ton, down 4.57% from the previous week’s price.

II. Market Analysis

Products: Domestic gasoline prices fell this week, and after National Day, gasoline market bearish sentiment is strong, demand weakened, market turnover is light, alkylated oil, MTBE prices fell as a whole.

Industry Chain: This week, oil prices in the international crude oil market are generally weak. A new round of price adjustment of finished products is expected to be reduced by about 200 yuan/ton. The gasoline market is depressed, the replenishment operation is not active, and the market price is slightly down by 0.98%.

MTBE market: International oil prices are in a downward trend this week, market bearish sentiment has been increasing, and the gasoline market around the National Day did not appear a large number of replenishment operations, middleman raw material procurement just needs to perform relatively low, MTBE manufacturers shipment difficult. Alkylated oil prices were relatively strong in the early days of the National Day, but returned to the market after the festival, crude oil did not improve, downstream demand wait-and-see mood increased, and the price of alkylated oil showed a small yield.

3. Future Market Forecast

Analysts of MTBE products of Business Society Energy Branch believe that the international crude oil market is still not optimistic next week. It is likely that the international crude oil market will be vulnerable to shocks, and the gasoline market is not well supported in substance. It is expected that MTBE market prices will continue to decline.