SunSirs: MTBE Market Price rose slightly last Week (November 11-16)
November 19 2019 18:11:17 SunSirs (Selena)
- Price Trend
According to the data of SunSirs, the price of MTBE last weekend was 5,466 RMB/ton, up 1.23% from the previous week.
- Analysis of Influencing Factors
Products: on November 18, the price of domestic refined oil was adjusted or the production line was increased. The mentality of MTBE market operators was acceptable, and the refinery's shipment was smooth. Domestic MTBE prices rose slightly and steadily this week.
Industry chain: last week, the international crude oil price fluctuated in a narrow range, and the domestic gasoline market price fell slightly by 0.55%. The domestic gasoline market demand was smooth.
MTBE Market: Although the upstream gasoline price was stable, the MTBE market operators were optimistic. The MTBE manufacturers delivered goods smoothly. Under the tight spot supply, the manufacturers tentatively pushed up slightly. However, the downstream resistance was strong, and the MTBE market price mainly rose slightly. And last week's alkylation oil market was basically stable, the demand side was mainly rigid demand, and the refinery's delivery price was relatively strong. Therefore, the market price of MTBE rose last week, but not much.
- Market Forecast
According to MTBE product analyst of SunSirs, MTBE manufacturers deliver goods smoothly, spot supply is in a tight state, and there is a subjective intention to push up, but the downstream gasoline market demand is stable, and it is expected that the MTBE market will be blocked in the upward direction next week, with a steady increase.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com .
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