SunSirs: Supported by the Rise of Crude Oil and Gasoline, China MTBE ushered in a Rise again
October 11 2021 14:34:51 SunSirs (Selena)
According to the monitoring data of SunSirs, the price of MTBE in Shandong was 6,320 RMB/ ton on October 8, up 7.12% from the previous working day. Before the National Day holidays, the effect of inventory arrangement of businesses in Shandong was good, and their inventories entered a low level. Driven by the sharp rise in oil prices during the festival, businesses followed up, and prices rose by a big step. Supported by the sharp rise in Shandong, other regions have followed the rise. Due to the limited increase in demand in South China, the increase is less than that in other regions. As the price rises to a high level, the market continues to rise, the power is gradually lost, and businesses gradually stabilize and ship.
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