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SunSirs: China Gasoline Price Goes Up, MTBE Price Continues to Rise
August 13 2020 10:05:13SunSirs(Selena)

International crude oil prices rose, and hot weather supported gasoline market demand and improved MTBE market price. The price of MTBE on August 7 was 3,783 RMB/ ton, up 2.25% from the beginning of the week, according to SunSirs’ data.

China domestic demand for gasoline increased, downstream replenishment was more active, gasoline prices rose, refineries had better demand for gasoline raw materials, and the impact of flooding in southern China weakened, and the overall purchasing and marketing atmosphere of MTBE market gradually recovered, supporting the upward trend of MTBE market price.

At present, the start-up load of MTBE unit is slightly lower than that of the previous week, but it is still relatively high, and the positive effect is limited.

Analysts of MTBE products of energy branch of SunSirs believe that: domestic gasoline price demand is good, which supports the demand for intermediate materials such as MTBE, but the supply of MTBE market is at a high level, and it is expected that the price of China MTBE market will rise steadily in the near future.

 

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