The domestic MTBE market fluctuated and declined. According to the data of SunSirs, the MTBE price remained at 7,340 RMB/ ton on September 9 and 7,220 RMB/ ton on September 16, with a 1.63% drop in the cycle, 5.00% month on month drop and 18.36% year-on-year increase.

The crude oil price rose first and then fell. The market attitude was mostly wait-and-see. In addition, the downstream market demand was limited after the festival, and the gasoline market entered a downward adjustment. There were many negative factors in the market, and the price fell slightly.

In terms of upstream products and methanol, the focus of domestic methanol market continued to rise. The rising price of methanol has led to an increase in the cost of MTBE unit, which has a negative impact on the profit of MTBE unit.

For enterprises, Shandong Chengtai New Material MTBE quoted 7,300 RMB/ ton. Shidashenghua lowered MTBE by 100 RMB/ ton, and offered 7,200 RMB/ ton. Shandong Shenchi Chemical Co., Ltd. lowered the MTBE quotation by 100 RMB/ ton to 7,200 RMB/ ton. Lihua Yilijin Petrochemical lowered its MTBE quotation by 100 RMB/ ton to 7,200 RMB/ ton. Dongming Qianhai Chemical's MTBE quotation is 7,200 RMB/ ton.

As of the closing on September 15, the closing price of the Asian MTBE market was 26 dollars/ton lower than the previous trading day, and FOB Singapore closed at 904.99-906.99 dollars/ton. The closing price of the European MTBE market was 26 dollars/ton lower than that of the previous trading day, and FOB ARA closed at 985.49-985.99 dollars/ton. The closing price of the MTBE market in the United States decreased by 52.36 dollars/ton compared with the previous trading day, and the FOB Gulf price closed at 990.97-991.33 dollars/ton (279.15-279.25 cents/gallon).

Recently, the domestic MTBE market has experienced a transition from consolidation to consolidation, with ups and downs in a dilemma. With the arrival of the National Day holiday, some downstream customers are expected to make replenishment in advance, and the market is expected to be bullish. SunSirs MTBE analysts believe that China domestic MTBE market is expected to rise by a narrow margin in the short term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.