I. price trend
Business agency: the market price of MTBE fell slightly this week (November 24-30)
The price of MTBE at the end of this week was 5567 yuan / ton, down 1.42% from the previous week’s price, according to the data of business agency.
II. Market analysis
Product: on December 2, the price of domestic refined oil was adjusted or the line was increased. The mentality of MTBE market players was OK. This week, domestic MTBE prices fell first and then rose, with a slight decline overall.
Industry chain: this week, the international crude oil price was running at a high level, and the domestic gasoline market price slightly increased by 1.48%. The domestic gasoline market demand was boosted for a short time.
MTBE Market: MTBE manufacturers began to reduce prices and promote sales at the beginning of this week. As soon as the downstream needs to recover rapidly, the price of MTBE manufacturers stopped falling and rebounding under the improvement of shipment. In the southern market, the demand for downstream oil transfer is still average, but the local supply is still at a low level, and the manufacturer’s quotation slightly increased under the market spot shortage. At the same time, the price of alkylated oil rose this week. The market price of MTBE fell first and then rose this week, but the overall price fell slightly.
III. future forecast
MTBE product analyst of energy branch of business club thinks: MTBE just needs to be stable, and the overall shipment of manufacturers is relatively smooth. Short term demand in the domestic gasoline market has boosted market prices, and MTBE market prices are expected to rise steadily in the short term.