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SunSirs: Energy, MTBE Market Price was Stable Last Week (December 23-27)

December 31 2019 09:38:21     SunSirs (Selena)

1. Price Trend

According to the data of SunSirs, the price of MTBE at the end of last week was 5,350 RMB/ ton, up 0.31% from the previous week.

2. Market analysis

Products: on December 30, the price adjustment of domestic refined oil is expected to increase by 230 RMB/ ton. The price of domestic gasoline market slightly increased. The MTBE market turned bullish. Last week, the domestic MTBE price rose steadily.

Industry chain: last week, international crude oil rose slightly, and the price adjustment of domestic refined oil on December 30 is expected to increase by 230 RMB/ ton. Last week, the bullish sentiment in the gasoline and diesel market grew gradually, but the weak market demand dragged down the market price rise. The gasoline market rose only 0.11% last week.

MTBE Market: before that, MTBE manufacturers had difficulty in shipping, and price reduction and promotion were carried out under increasing inventory pressure. Last week, the price of crude oil in the international market rose, the price of gasoline rose slightly, and the MTBE price was at a low level, attracting downstream traders to enter the market at the bottom, the manufacturer's shipment improved significantly, and the MTBE price rebounded slightly at a low level.

3. Market Forecast

According to MTBE product analyst of energy branch of SunSirs, New Year's day and Spring Festival holiday are coming, gasoline market demand may improve, and MTBE price is relatively low at present. The MTBE market price is expected to rise steadily and moderately next week.

 

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