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SunSirs: Energy, MTBE Market Price Fell sharply Last Week (December 9-15)

December 18 2019 18:11:10     SunSirs (Selena)

1. Price Trend

According to the data of SunSirs, the price of MTBE was 5,716 RMB/ton at the end of last week, down 4.46% from the previous week.

2. Market Analysis

Product: on December 16, and the price of domestic gasoline market has declined slightly. The bearish sentiment of MTBE market operators has gradually risen. Last week, the domestic MTBE price fell mainly.

Industrial chain: last week, the international crude oil price fluctuated, and the domestic gasoline market price fell by 0.92% steadily. The demand of domestic gasoline market is not good, and the market demand is weak.

MTBE Market: domestic MTBE prices fell significantly in the north in the last cycle. First of all, the price of MTBE began to rise to a relatively high level in early December, weakening the downstream purchase intention; second, many regions were in foggy weather, the refinery shipment was blocked, the MTBE market transaction atmosphere was significantly weakened, and the manufacturer shipment was difficult. MTBE manufacturers adopt price reduction promotion. Meanwhile, the market demand in South China is average, but the price is mainly stable. At the same time, the price of alkylated oil in the northern region showed a significant decline last week, so the domestic MTBE market price fell last week.

3. Market Forecast

According to MTBE product analyst of energy branch of SunSirs, although the decline of gasoline market is limited, the price drop of MTBE market last week was far greater than that of gasoline market. Therefore, the market price of MTBE will be stable this week.

 

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