According to the Commodity Market Analysis System of SunSirs, from May 19th to 23rd, MTBE prices rose from 4,922 RMB/ton to 4,990 RMB/ton, with a price increase of 1.37% during the period, a month on month decrease of 5.59%, and a year-on-year decrease of 26.08%. The MTBE market is experiencing a narrow upward trend, with active negotiations on export orders, providing positive support for the mentality of industry players. In addition, with relatively limited resource supply, there is a demand for inventory replenishment at the end, and manufacturers have a strong intention to raise prices.

In terms of cost and crude oil, international oil prices have fluctuated, mainly due to differences in negotiations between the United States and Iran on the nuclear issue, news that Israel may strike Iran's nuclear facilities, and improved market expectations for demand prospects, providing positive support for oil prices; But the situation between Russia and Ukraine has eased, and the increase in US commercial crude oil inventories has put negative pressure on the oil market. As of May 22nd, the settlement price of the main Brent crude oil futures contract was $64.44 per barrel.

On the demand side, in terms of gasoline terminal demand, international crude oil futures fluctuated downward, and the refined oil market first rose and then fell. Among them, the gasoline market performed lightly, while the diesel market was relatively strong. During the wheat harvest period, middle and downstream merchants mainly purchased diesel, and the market showed weak gasoline and strong diesel. The MTBE demand side is affected by bearish factors.

Supply side: Maoming Shihua plant shut down, resulting in a decrease in plant operating rate. The short-term domestic MTBE supply is affected by favorable factors.

As of the close on May 22nd, the closing price of the Asian MTBE market has decreased by 6.43 US dollars/ton compared to the previous trading day, and FOB Singapore closed at 664.48-666.48 US dollars/ton. The closing price of the European MTBE market decreased by $16/ton compared to the previous trading day, and FOB ARA closed at $762.49-762.99/ton. The closing price of the MTBE market in the United States increased by $4.03/ton compared to the previous trading day, and the FOB Gulf offshore price closed at $707.68-708.04/ton (199.82-199.92 cents/gallon).

There are currently no new start-up and shutdown devices in the future market forecast, and the resource supply is expected to fluctuate narrowly, making it difficult to make significant adjustments. In terms of gasoline terminal demand, as the Dragon Boat Festival holiday approaches, it may be difficult for businesses to have a substantial increase in buying enthusiasm, and essential procurement remains mainstream. The MTBE analyst from SunSirs believes that the domestic MTBE market is experiencing sporadic adjustments.

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