SunSirs: The Domestic MTBE Market is Strong and Rising
May 17 2023 14:12:23Latest MTBE price (May 15th): 7612 RMB/ton, to be sorted out in the future
Analysis point: On May 15th, the price increased by 3.57% compared to the previous trading day. The domestic MTBE market is strong and upward, with news that products such as isooctane, which are also used for blending oil, will be subject to consumption tax released over the weekend, promoting production enterprises to significantly increase their factory quotations.
At the same time, MTBE has seen a significant increase compared to other gasoline raw materials, while gasoline has limited momentum, and high prices may face some resistance in the later stage.
Future forecast: The short-term domestic MTBE market is mainly dominated by high consolidation.
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