SunSirs: China Gasoline Price Rises slightly, MTBE Market Price Goes Up
December 16 2020 10:46:00 SunSirs (Selena)
This week, the international crude oil price was running at a high level, and the gasoline market was bullish, driving the domestic prices of MTBE and other intermediate materials up. The price of MTBE on December 11 was 4,100 RMB/ ton, up 1.23% from the price at the beginning of the week, according to SunSirs.
WTI crude oil price rose 0.67% and Brent crude oil price rose 1.46%. As the weather turns cold, car travel increases, the demand for gasoline market is supported, and the international oil price is bullish, the demand for terminal market is increasing. Downstream of MTBE and other intermediate materials purchase intention is positive, MTBE manufacturers actively push up, market transaction atmosphere is good. In addition, the overall operating load of domestic MTBE units is at a low level, and the supply of MTBE market is tight. On the whole, the rising prices of crude oil and gasoline drive up the domestic MTBE prices.
According to SunSirs MTBE product analyst, the international crude oil price has reached a high level, the demand of gasoline market has maintained rigid demand, and the gasoline market price lacks sustained action force. It is expected that China domestic MTBE price will be stable in the short term.
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
