- rice Trend
According to data from SunSirs, the MTBE price last weekend was 5,567 RMB/ton, down 4.57% from the previous week.
- Market Analysis
Products: Domestic gasoline prices fell last week, and after National Day, gasoline market bearish sentiment, demand weakened, market turnover was light, alkylated oil, MTBE prices fell as a whole.
Industry chain: Last week, oil prices in the international crude oil market fluctuated weakly. A new round of price adjustment of finished products is expected to be reduced by about 200 RMB/ton. The gasoline market is in a strong bearish mood, the replenishment operation is not active, and the market price slightly declined by 0.98%.
MTBE market: Last week, international oil prices were in a downward trend as a whole, market bearish sentiment was constantly strengthened, and before and after the National Day gasoline market did not appear a large number of replenishment, middleman raw material procurement just needed to perform relatively low, MTBE manufacturers shipped difficult. Alkylated oil prices were relatively strong in the early days of the National Day, but returned to the market after the holidays, the crude oil situation did not improve, downstream demand wait-and-see mood increased, and the price of alkylated oil showed a small yield.
3. Market Forecast
Analysts of MTBE products of SunSirs believe that the international crude oil market is still not optimistic this week. It is likely that the international crude oil market will be vulnerable to shocks, and the gasoline market is not supported by substantial good. It is expected that MTBE market prices will continue to decline.
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