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SunSirs: Energy, MTBE Market PriceFell Last Week (April 20-26)
April 28 2020 10:01:17SunSirs(Selena)

According to the data of SunSirs, the price of MTBE at the end of last week was 3,400 RMB/ ton, 5.12% lower than that of the previous week.

Market Analysis

Product: last week, the international crude oil price went down, the gasoline market demand was not good, the market price followed the reduction, and the domestic MTBE price fell in the last week.

Industry chain: last week, there was no good news of gasoline, and downstream gas stations mostly replenished their warehouses on demand. In addition, international oil prices fell sharply, with gasoline prices falling 3.44%

MTBE Market: WTI futures delivery dropped international oil prices, coupled with the arrival of low-cost imported MTBE resources in Hong Kong, which triggered strong bearish sentiment in the domestic market. MTBE manufacturers had a difficult shipment and the price entered the downward channel. In May, the main manufacturers suspend the use of gasoline for air-conditioning oil suppliers. The southern market has a relatively obvious impact. The market is mainly weak and stable. In addition, the domestic alkylation oil in this cycle shows a significant decline after a small increase. MTBE market prices fell last week.

Market Forecast

According to MTBE product analyst of energy branch of SunSirs, international crude oil demand is weak, market price is still under pressure, and domestic refined oil demand has no bright spot, which is negative for MTBE market demand. It is expected that MTBE market price will continue to decline slightly this week.

 

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