According to the Commodity Market Analysis System of SunSirs, from February 6th to 13th, MTBE prices rose from 4,903 RMB/ton to 5,043 RMB/ton, with a price increase of 2.86% during the cycle, a month on month increase of 5.66%, and a year-on-year decrease of 12.86%. The domestic MTBE market has fluctuated and risen. As the Spring Festival holiday approaches, terminal operators have a certain demand for replenishing inventory, coupled with a shortage of MTBE spot supply. Some manufacturers mainly supply export orders or pre contract users, resulting in a significant reduction in spot circulation. Therefore, manufacturers have a willingness to sell at high prices, especially in Shandong and other places. As the Spring Festival approaches, cross regional transportation vehicles are difficult to find, and freight rates have increased. The inflow of vehicles from Northeast China to Shandong is limited, and manufacturers in Shandong and other places have a willingness to sell at high prices, leading to a significant increase in prices.

In terms of cost and crude oil, the rise in international oil prices is mainly due to market concerns that the situation between the United States and Iran may escalate again, increasing potential supply risks and providing support for oil prices. As of February 11th, the settlement price of Brent crude oil futures for the April contract was $69.40 per barrel.

On the demand side, in terms of downstream gasoline, international crude oil futures have fluctuated upwards. The gasoline market has been supported by the Spring Festival travel rush, and the increase in people returning home has driven the improvement of retail gas station shipments. Therefore, gas station merchants have accelerated their pace of entering the market for procurement. The MTBE demand side is influenced by favorable factors.

Supply side: Haierxi plant in Henan may have a shutdown plan, and it is expected that resource supply will be reduced narrowly. The supply of MTBE is affected by favorable factors.

As of the close on February 12th, the closing price of the Asian MTBE market has decreased by 6.04 US dollars/ton compared to the previous trading day, and FOB Singapore closed at 670.32-672.32 US dollars/ton. The closing price of the European MTBE market decreased by $20/ton compared to the previous trading day, and FOB ARA closed at $762.24-762.74/ton. The closing price of the MTBE market in the United States decreased by $22.31/ton compared to the previous trading day, and the FOB Gulf offshore price closed at $706.87-707.22/ton (199.59-199.69 cents/gallon).

The future forecast shows a narrow fluctuation in raw material prices and a slight fluctuation in costs. At present, the negotiation of export orders is relatively active, which provides some support for the mentality of the industry. MTBE analysts from SunSirs believe that the MTBE market is expected to strengthen and consolidate.

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