SunSirs: China Gasoline was slightly lowered, and MTBE Followed By
August 26 2020 10:19:40 SunSirs (Selena)
The international crude oil price was running at a high level and narrow range. On August 21, the domestic refined oil price was raised. The domestic gasoline and diesel prices increased by 85 RMB/ ton and 80 RMB/ ton respectively. The gasoline market is not willing to follow up. The MTBE market purchased on demand, and the market price declined slightly. The price of MTBE on August 21 was 3,683 RMB/ ton, down 1.34% from the price at the beginning of the week, according to SunSirs.
Last week, domestic sunny days dominated, but domestic hot weather declined, gasoline terminal remained rigid demand. Refineries purchased MTBE and other intermediate materials on demand, and the overall demand atmosphere of MTBE was relatively flat. In addition, domestic gasoline resource supply was still relatively abundant, MTBE manufacturers mainly delivered goods, and MTBE market price dropped slightly.
MTBE product analysts of energy branch of SunSirs believe that, the crude oil market lacks the stimulation of good news, and the international crude oil price is running in a narrow range; with the arrival of the traditional peak season, the demand for gasoline will increase, which is favorable to the MTBE market price, and China domestic MTBE market price is expected to keep rising.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-04-23 SunSirs: High Level Consolidation of China MTBE Market
- 2024-04-16 SunSirs: China MTBE Market Continues to Rise
- 2024-04-10 SunSirs: China MTBE Market Fluctuates and Rises
- 2024-04-01 SunSirs: China MTBE Market Continued to Rise in March
- 2024-03-25 SunSirs: High Level Consolidation of China MTBE Market
