On January 6th, MTBE production companies in Shandong Province experienced a decline in their quotations: Dongming Qianhai Chemical's MTBE quotation was lowered by 30 RMB/ton to 4,800 RMB/ton for bidding.

Dongming Qianhai Chemical's MTBE quotation has been lowered by 30 RMB/ton to 4,800 RMB/ton, indicating sufficient supply or weak demand in the spot market, leading to increased downward pressure on prices. The rating is generally negative (-1), as the price reduction is moderate, reflecting that the bidding behavior of the enterprise may exacerbate short-term oversupply and suppress spot prices.

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