On August 13, the MTBE market displayed divergent moving average trends: the 5-day moving average fell, the 10-day average rose, and the 20-day average declined—patterns consistent with a fluctuating market. Regarding fundamentals, MTBE producers in the Shandong region lowered their quotes by 50 RMB/ton; however, overseas markets showed mixed movements, with closing prices rising by $52.72/ton in Asia, falling by $37.50/ton in Europe, and edging up by $0.43/ton in the US. With bullish and bearish factors intertwined, there is a lack of clear, unidirectional driving force in the short term.
SunSirs has been continuously tracking price data for over 200 commodities for nearly 20 years, please contact support@sunsirs.com for subscription.