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SunSirs: China Gasoline Market Maintains Rigid Demand, MTBE Price Rises steadily
August 19 2020 08:03:20SunSirs(Selena)

The international crude oil price continues to fluctuate at a high level. The rainy weather in China this week affected the demand of gasoline market. The MTBE market purchased on demand and the market price remained stable. The price of MTBE on August 14 was 3,750 RMB/ ton, up 0.45% from the price at the beginning of the week, according to SunSirs.

This week, domestic rainy weather increased, gasoline terminal demand remained rigid demand, coupled with the lack of action on the international oil price, the downstream mainly to low-cost replenishment. As a result, the replenishment intention of MTBE and other intermediate materials is relatively negative, and MTBE manufacturers' shipment is not smooth, and the market is weak and stable

At present, the start-up load of MTBE unit is slightly lower than that of last week, and MTBE output is slightly reduced compared with last week, but it has little impact on the overall supply of MTBE market.

According to the MTBE product analysts of energy branch of SunSirs, the international crude oil price will continue to maintain a fluctuating upward trend; in addition, with the arrival of the traditional peak season, gasoline demand will increase, which is favorable to the MTBE market price. It is expected that China domestic MTBE market price will show a fluctuating upward trend.

 

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