According to the Commodity Market Analysis System of SunSirs, from November 10th to 14th, MTBE prices rose from 4,960 RMB/ton to 4,992 RMB/ton, with a slight increase of 0.66% during the period, a decrease of 2.49% month on month, and a year-on-year decrease of 7.97%. After the MTBE price dropped to a low level in the early stage, it attracted the enthusiasm of industry players to enter the market. Manufacturers generally have the intention to raise prices, and some large enterprises still focus on exporting to ports. The limited domestic sales volume has formed a certain support for the market. The demand for gasoline terminals has remained stable, with many businesses purchasing on demand, and the market trading atmosphere is still acceptable.

On the cost side and in terms of crude oil, the main negative factors for the decline in international oil prices are the risk of future oversupply, coupled with the slow improvement of weak demand, which puts pressure on the oil market. As of November 13th, the settlement price of Brent crude oil futures for the January contract was $63.01 per barrel.

On the demand side, in terms of downstream gasoline, although international crude oil has fluctuated downwards, the lower oil prices have prompted downstream buyers to buy at low prices. In addition, the positive news on refined oil exports has boosted prices, and refineries have taken the opportunity to raise prices. Intermediate traders are gradually showing interest in ordering, and the market trading atmosphere is heating up. The MTBE demand side is influenced by favorable factors.

Supply side: The shutdown of the Bengu new material plant and the commencement of the Lihua Yi dehydrogenation plant have affected this week's production, resulting in an increase in the plant's operating rate. The supply side of MTBE is affected by negative factors.

As of the close on November 6th, the closing price of the Asian MTBE market has decreased by $15.83/ton compared to the previous trading day, with FOB Singapore closing at $659.92-661.92/ton. The closing price of the European MTBE market increased by $7/ton compared to the previous trading day, and FOB ARA closed at $849.24-849.74/ton. The closing price of the MTBE market in the United States increased by $1.52/ton compared to the previous trading day, and the FOB Gulf offshore price closed at $845.10-845.45/ton (238.62-238.72 cents/gallon).

In the future, it is predicted that raw material prices may continue to operate at a high level, and cost pressure still exists. Some large manufacturers still focus on exporting to ports, with limited external output, which provides certain positive support for the market. The MTBE analyst from SunSirs believes that there is a possibility of another upward trend in the domestic MTBE market.

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