Price trend
According to the monitoring data of SunSirs, the price of MTBE in Shandong on May 10 was 7,325 RMB/ton, down 0.68% month-on-month and up 23.11% year-on-year.
Analysis review
With the weakening of demand, the sales of merchants were hindered, the MTBE market fell and adjusted, and the transaction was light. Crude oil fell sharply, bearish market mentality, coupled with low demand, the pressure on merchants to sell surged.
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