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SunSirs: China MTBE Price Fell and Rose, with Overall Stable Situation
June 23 2020 10:06:14SunSirs(Selena)

The international oil price fell first and then rose, while the domestic gasoline price fell slightly. The MTBE market was short of positive results, and the overall price remained stable. According to the data of SunSirs, the price of MTBE on June 19 was 3,900 RMB/ ton, only 0.43% higher than that at the beginning of the week.

Last week, the overall international crude oil price rebounded after falling, but the recent international crude oil market is not good enough to follow up, and the international oil price cannot break the floor price of $40/ barrel of refined oil price adjustment. The consumption in the lower reaches of most regions in the North continues to be good, while the demand in some regions in the south is reduced due to rainfall, and the demand in the gasoline market is favorable and insufficient. The decline of gasoline price suppresses the market price of MTBE.

MTBE product analyst of energy branch of SunSirs believes, domestic gasoline price is still possible to decline, but at present, refinery construction is relatively high, which supports the demand for MTBE and other intermediate materials. It is expected that MTBE market price may fall in the near future, but the decline is limited.

 

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