SunSirs: Gasoline Prices Rsoe and Fell, China MTBE Market Price Declined slightly
November 18 2020 10:28:09 SunSirs (Selena)
The gasoline market price rose sharply and fell down, and the upward pressure of MTBE market price was greater. Overall, the MTBE market price rose first and then fell following the change of gasoline price. According to the data of SunSirs, the price of MTBE on November 13 was 3,616 RMB/ ton, down 0.46% from the price at the beginning of the week.
At the beginning of the week, the international crude oil price rose sharply, driving the domestic gasoline and diesel prices to rise slightly. Later, due to the low enthusiasm of market procurement, gasoline and diesel prices fell again. At the beginning of the week, due to the impact of the continued sharp rise in international oil prices, MTBE manufacturers made a tentative small increase under the cost pressure. However, the gasoline market demand was not good, the gasoline shipment was general, and the upward trend of gasoline price was weak, but the demand for intermediate materials such as MTBE was low. Since the middle of the week, the market price of MTBE began to fall. Overall, the price of MTBE market rose first and then fell, with narrow range fluctuation.
According to SunSirs MTBE product analyst, the international crude oil price is lack of action force, the gasoline market price will continue to decline under pressure, and the upward trend of MTBE market demand is difficult. It is expected that China domestic MTBE prices will be stable in the short term.
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