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SunSirs: Energy, the Market Price of MTBE Remained Stable Last Week (April 5-10)
April 13 2020 10:29:35SunSirs(Selena)

According to the data of SunSirs, the price of MTBE at the end of last week was 3,466 RMB/ ton, 1.46% higher than that of last week.

Market Analysis

Product: last week, the international crude oil price fell, the gasoline market price remained stable as a whole, and the domestic MTBE price rose steadily in the last cycle.

Industry chain: the crude oil futures market price improved at the beginning of last week. The output reduction rate of OPEC+ meeting on September 9 was lower than expected. The crude oil market price fell again. Previously, the operating rate of domestic refining and chemical equipment rose gradually, and the gasoline price remained stable.

MTBE Market: weekly international oil prices rose, MTBE manufacturers delivered goods smoothly, market prices pushed up, and the lower MTBE price was supported by the periodic replenishment in the downstream after the Qingming Festival. In addition, the starting load of the refinery gradually increased, and the domestic MTBE demand was in an increasing trend. Therefore, the MTBE price this week slightly recovered, not affected by the WTI crude oil price drop on April 9.

Market Forecast

According to MTBE product analyst of SunSirs, MTBE price is still at a low level at present, and the price of refined oil tends to be stable. It is expected that the market price of MTBE will fluctuate in a narrow range in the near future.

 

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