Price trend

According to the monitoring of the commodity market analysis system of SunSirs, the price of isobutene had risen this week. As of April 19th, the mainstream price of isobutene (≥ 99, bulk) in China was 12,125 RMB/ton, an increase of 3.19% from last week and 5.66% from March 1st.

Analysis review

Cost side:

The domestic MTBE market continued to rise and then fell slightly. As of April 19th, the reference price for MTBE was 7,512 RMB/ton, a slight decrease of 0.84% from last week and an increase of 3.26% from the beginning of the month. Although MTBE prices had fallen slightly, they were still operating at a high level.

Demand side:

As of April, the spot market situation was average, and the trading situation was relatively light. The manufacturer's quotation was mainly stable. Traders had relatively flexible prices, and downstream markets were more cautious. Downstream markets were resistant to high priced goods, so they were cautious in actual transactions when they needed to purchase goods.

Market outlook

Recently, the geopolitical tension had slightly eased, and international oil prices had fallen narrowly. The MTBE market was beginning to decline. Cost support was gradually weakening. Combined with downstream weakness, and poor purchasing willingness, it is expected that the market for isobutene prices will be mainly consolidated within a range in the short term.

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