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SunSirs: Energy, MTBE market price Increased last Week (May 18-22)
May 26 2020 09:44:26SunSirs(Selena)

According to the data of SunSirs, the price of MTBE at the end of last week was 3,643 RMB/ ton, 5.60% higher than that of the previous week.

Market Analysis

Products: the international crude oil price rose day by day at last weekend, the gasoline market demand was good, the market price was rising, and the domestic MTBE price was rising at the weekend.

Industry chain: Weekend crude oil futures rebounded day after day, with strong gasoline consumption in summer and more downstream replenishment operations. Domestic gasoline and diesel prices rose 2.74% over last weekend.

MTBE Market: the international oil price continues to rise, the gasoline demand is expected to increase, and the raw materials just need to be purchased by middlemen slightly increase; at the same time, the overall starting load of domestic MTBE device is still at a relatively low level, the overall shipment is relatively smooth, and MTBE manufacturers are pushing up. Last week, the domestic alkylation oil rose slightly, mainly supported by cost, and the actual demand was relatively cautious.

Market Forecast

In the short term, the oil price will continue to fluctuate, but the increase of gasoline demand will drive up the price of MTBE market.


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