- Price Trend
According to SunSirs, the MTBE price was 6,333 RMB/ton last weekend, up 5.26% from the previous week.
- Market Analysis
Products: Last week, domestic MTBE market prices continued rise, international crude oil prices bottomed out and rebounded, rising for several days, the overall demand for gasoline market prices rose, and domestic gasoline and diesel prices increased 115 RMB/ton and 105 RMB/ton respectively at 24:00 on September. Domestic MTBE market prices rose 5.26% last week.
Industry chain: International crude oil prices have risen for four consecutive days last week. At present, WTI crude oil has reached the $57per barrel. The weekly price of WTI crude oil futures rose 2.18%, and the price of gasoline rose 0.99% last week.
MTBE market: The peak period in coming in China, and the Mid-Autumn Festival and National Day travel demand support gasoline market consumption. In August, China's gasoline inventory rate was 42.77%, down 2.71% compared with the previous month. Refinery gasoline orders increased significantly, so the increase of gasoline raw materials was obvious, while domestic MTBE supply was still tight. From June to August, MTBE's overall start-up rate was maintained at about 48%, the market supply declined significantly, MTBE manufacturers shipped smoothly, and prices continued to rise. At the same time, the pre-production of alkylation manufacturers reduced, resulting in the current tight market supply of alkylated oil, domestic alkylated oil continued to rise.
- Market Forecast
SunSirs’ analysts of MTBE products believe that international oil prices are likely to continue to rise next week. Domestic gasoline market is in the golden peak season, coupled with the Mid-Autumn Festival and National Day travel demand, MTBE market prices are expected to continue to rise next week.
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