The US gasoline demand has risen to the highest level since the outbreak, the UK road traffic has exceeded the pre-epidemic record for the first time, the European and US summer demand is expected to improve, international oil prices continue to rise. According to the data of the SunSirs, as of June 2, the price of MTBE was 5876 RMB/ton, the price fell by 1.51% from the previous month and rose by 61.00% year-on-year.

The market of MTBE was stable with a small rise in some parts, with an increase of about 50 RMB/ton. The continued upward trend of international oil prices, coupled with a small rise in gasoline prices, has given some support to the MTBE market.

In terms of external market, as of June 2, the closing price of Asian MTBE market increased by US $1/T compared with the previous trading day, and FOB Singapore closed at US $718-720/T. The closing price of MTBE market in Europe increased by US $3/T compared with the previous trading day, and FOB ARA closed at US $759-759.5/t. The closing price of MTBE market in the United States decreased by US $0.89/ton compared with the previous trading day, and FOB Gulf offshore price closed at US $814.37-814.72/ton (229.40-229.50 cents / gallon).

Crude oil continues to rise, supporting the market mentality, but the downstream promotion is limited, the market continues to rise momentum is insufficient. SunSirs MTBE analysts believe that in the short term domestic MTBE market shock collation.

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