The domestic MTBE market continued to decline. According to the data of SunSirs, the price of MTBE remained at 7,330 yuan / ton on July 29 and 7,340 yuan / ton on August 5. The maximum amplitude in the cycle was 2.26%, and the price increased by 0.14%. The price decreased by 15.05% month on month and increased by 31.46% year on year.

Last week, the MTBE market rose first and then fell. The crude oil rose and fell, and the market mentality fluctuated up and down. With the price rising to a high level, the enthusiasm for receiving goods at the downstream turns weak, and the crude oil falls again, the market is mostly on the sidelines, and the price again enters the downward adjustment.

On the upstream side, the domestic methanol market is high and low, and the weak spot demand restricts the rebound of the market. The downstream demand has improved slightly, and traders and downstream factories have made moderate bargain hunting purchases. SunSirs MTBE analysts believe that China domestic MTBE market is mainly sorted out in the short term.

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