According to the Commodity Market Analysis System of SunSirs, from July 21st to 25th, MTBE prices rose from 5,020 RMB/ton to 5,107 RMB/ton, with a price increase of 1.74% during the period, a month on month decrease of 4.31%, and a year-on-year decrease of 24.89%. The domestic MTBE market has experienced sporadic adjustments, with some manufacturers exporting to ports and a significant decrease in export volume. Downstream businesses have a certain demand for purchasing, and the overall transaction atmosphere is still acceptable.

On the cost side, in terms of crude oil: The international oil price has fallen, and the main negative factors are that OPEC+ may continue to maintain a significant increase in production in September, coupled with concerns about US tariff policies, putting pressure on the oil market. As of July 24th, the settlement price of Brent crude oil futures for the September contract was $69.18 per barrel.

On the demand side, in terms of downstream gasoline, international oil prices may decline, while a new round of retail price limits for refined oil products is hovering on the brink of being lowered. It is difficult to find substantial positive news to boost the refined oil market. Intermediate traders place rational orders, and downstream users maintain median inventory for procurement and sales. Therefore, refinery shipments and volume growth remain the focus of operations. The MTBE demand side is affected by bearish factors.

Supply side: Dongming Qianhai plant has a shutdown plan, and resource supply will be reduced. The short-term domestic MTBE supply is affected by favorable factors.

As of the close on July 24th, the closing price of the Asian MTBE market has increased by $8.66 per ton compared to the previous trading day, with FOB Singapore closing at $651.14-653.14 per ton. The closing price of the European MTBE market increased by $16.25/ton compared to the previous trading day, and FOB ARA closed at $876.99-877.49/ton. The closing price of the MTBE market in the United States decreased by $1.21/ton compared to the previous trading day, and the FOB Gulf offshore price closed at $714.66-715.02/ton (201.79-201.89 cents/gallon).

Future forecast: Currently, raw material prices are operating at a high level, and cost support is relatively abundant. The MTBE analyst from SunSirs believes that the domestic MTBE market may remain strong.

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