SunSirs--China Commodity Data Group

Member ID: password: Join Now!
Commodity News

SunSirs: China MTBE Market Fluctuates in a Narrow Range

September 07 2022 09:43:38     SunSirs (Selena)

The domestic MTBE market fluctuates in a narrow range. According to the data of SunSirs, the price of MTBE remained at 7,260 RMB/ ton on August 29 and 7,330 RMB/ ton on September 5. The price increased by 0.96% during the period, with a maximum amplitude of 4.11%. The price fell by 3.47% month on month, up 27.02% year on year.

After the price rose to a high level last week, the enthusiasm of downstream receiving goods weakened, and the decline of crude oil and gasoline led to sluggish sales. At the beginning of this week, the price followed the downward adjustment. Considering the replenishment before the Mid Autumn Festival, the demand increased again, and coincided with the sharp rise of crude oil one after another, and the high level of other gasoline raw materials, the price recovered again.

For the upstream products, methanol, supply or increase, demand is expected to increase synchronously, and the short-term methanol market shock is relatively strong.

In terms of enterprises, the MTBE quotation of Shandong Chengtai new materials was increased 150 RMB/ ton to 7,350 RMB/ ton. Shidashenghua increased MTBE 100 RMB/ ton and quoted 7,350 RMB/ ton. The MTBE quotation of Shandong Shenchi Chemical Co., Ltd. was increased 50 RMB/ ton to 7,300 RMB/ ton. The MTBE of Lihua Yilijin Petrochemical was increased 50 RMB/ ton to 7,300 RMB/ ton for the second time. The MTBE quotation of Dongming Qianhai chemical was reduced 100 RMB/ ton to 7,450 RMB/ ton.

As of the closing on September 2, the closing price of Asian MTBE market increased by 47.88 US dollars / ton compared with the previous trading day, and FOB Singapore closed at 933.74-935.74 US dollars / ton. The closing price of the European MTBE market decreased by 16.25 US dollars per ton compared with the previous trading day, and the FOB ara closed at 1051.74-1052.24 US dollars per ton. The closing price of the US MTBE market increased by 10.37 US dollars / ton compared with the previous trading day, and the FOB Gulf FOB price closed at 1052.21-1052.57 US dollars / ton (296.40-296.50 US cents / gallon).

With the price falling to a low level again, the willingness of downstream merchants to bargain again, and next week will usher in the Mid Autumn Festival holiday, the willingness of downstream restocking still exists. SunSirs MTBE analysts believe that China domestic MTBE market is expected to rise in the short term.

 

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

Related Information
Energy
Chemical
1,3-butadiene | Acetic acid | Acetic anhydride | Acetone | Acrylic acid | Activated charcoal | Adipic acid | Aluminum fluoride | Ammonium nitrate | Ammonium sulfate | BDO | Benzene | Bisphenol A | Bromine | Butyl acetate | Butyl Acrylate | Calcium carbide | Calcium chloride | Calcium Formate | Caustic soda | Chlorinated Paraffin | Chloroacetic acid | Chloroform | CPL | Cryolite | Cyclohexane | DBP | Dichloromethane | Diethylene glycol | Dimethyl carbonate | DMF | DOP | DOTP | EA | ECH | Epoxy resin | Ethyl Acrylate | Ethylene oxide | Ferrous lithium phosphate | Flake caustic soda | Fluorite | Formaldehyde | Formic acid | Glycerol | Hexafluoropropylene | Hydrochloric acid | Hydrofluoric acid | Hydrogen peroxide | Hydrogenated benzene | IPA | Isobutanol | Isooctyl Acrylate | Liquid ammonia | Lithium carbonate | Lithium hydroxide | Maleic anhydride | MEK | Melamine | MIBK | N-butanol | N-butyraldehyde | N-Methylpyrrolidone | N-propanol | Neopentyl glycol | Nitric acid | Orthoboric acid | OX | PA | PAC | PAM | Paraformaldehyde | PCE | PEG | Phenol | Phosphate rock | Polysilicon | Potassium carbonate | Potassium chloride | Potassium nitrate | Potassium sulfate | Propane | Propylene | Propylene Glycol | Propylene oxide | PTFE | R134a | R22 | Resorcinol | Silica | Silicone DMC | Soda ash | Sodium acetate | Sodium Bicarbonate | Sodium metabisulfite | Stearic acid | Sulfur | Sulfuric acid | TDI | Titanium Dioxide | Titanium tetrachloride | Trichloroethylene | Urea | vitamin A | vitamin C | vitamin E |
Rubber & plastics
Textile
Non-ferrous metals
Steel
Building materials
Agricultural & sideline products