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SunSirs: International Crude Oil and Gasoline Prices Move Down, China MTBE Price Goes Down

October 09 2020 07:56:38     SunSirs (Selena)

International crude oil prices fell, gasoline market maintained rigid demand, gasoline market prices fell slightly, MTBE market purchasing enthusiasm was not high recently, and market prices fell slightly. The price of MTBE on September 25 was 2,593 RMB/ ton, down 4.43% from the price at the beginning of the week, according to SunSirs.

Near the Mid Autumn Festival, the overall consumption of gasoline remained rigid, international oil prices fell, and the domestic oil product market prices declined slightly. At present, there are abundant gasoline resources in the market, and the inventory is at a high level, so the market demand of MTBE is greatly limited. Manufacturers to reduce prices to promote inventory based.

According to SunSirs MTBE product analyst, the crude oil price is expected to decline in the international crude oil market, and the upward trend of crude oil price is weak. However, after the Mid Autumn Festival and National Day, the gasoline market will usher in a replenishment peak, and the demand for MTBE and other intermediate materials will be supported, and the domestic MTBE market price is expected to rise.

 

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