SunSirs:Crude Oil Rise Positive, MTBE Market Narrow Upward
April 13 2021 10:25:14 SunSirs (HU)
SunSirs News on April 12
Multiple positive, the MTBE market rose steadily, the price broke through 6000 RMB/ton mark. According to the data of the SunSirs, as of April 12, the price of MTBE was 6016 yuan/ton, the price increased by 5.19% from the previous month and 73.56% year-on-year.
Brent crude oil rose slightly, gasoline prices also rose slightly, giving the MTBE market a certain power, and recent due to the maintenance of the Yuhuang device, Shandong area spot supply is limited, many positive support, businesses actively explore the rise.
On the outer disk, as of the close of April 9, U.S. FOB Gulf closed at 208.16-208.26 cents per gallon ($738.97- $739.32 / ton), European FOB ARA at $688-688.5 / ton and Asian FOB Singapore at $711-713 / ton.
|
Region |
Countries |
Closing Price |
Rise and Fall |
|
Asia |
FOB Singapore |
$694.5- $696.5 / ton |
- $3.50 / ton |
|
U.S.A |
FOB Bay |
$738.97-$739.32 / ton |
$1 / ton |
|
Europe |
FOB ARA |
$678.75-$679.25 / ton |
- $2 / ton |
Recently, the demand of the main business units has increased slightly, the local smelting rigid demand still exists, at present, some areas of the domestic device maintenance, spot resources are limited, merchants support the market will be strong. According to SunSirs MTBE analysts, in the short term domestic MTBE market will narrow upward.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
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