The domestic MTBE market rebounded higher. According to the data of business news agency, the price of MTBE remained at 8500 yuan / ton at the beginning of the week and 8610 yuan / ton at the end of the week. During the cycle, the price increased by 1.29%, the maximum amplitude was 2.82%, and the price increased by 5.81% month on month and 38.13% year on year.
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Trend chart of MTBE average domestic production price of business agency:
The domestic MTBE market rebounded at a high level this week. The specific reasons are: crude oil was first suppressed and then increased, but the price is still at a high level, giving the market a certain psychological support; Gasoline prices have also followed the upward trend, with a slight increase in capacity utilization and an appropriate increase in demand for raw materials; Outlet support.
In the upstream, the domestic methanol market rebounded at a low level, the mainland transactions were heavy again, and the coastal market performed generally.
In terms of external trading, as of the close on June 30, the closing price of Asian MTBE market was reduced by 46 dollars / ton compared with the previous trading day, and FOB Singapore closed at 1318.99-1320.99 dollars / ton. The closing price of the European MTBE market was reduced by $98 / ton compared with the previous trading day, and FOB ara closed at $1782.49-1782.99 / ton. The closing price of MTBE market in the United States decreased by 64.89 dollars / ton compared with the previous trading day, and FOB Gulf FOB closed at 1578.25-1578.6 dollars / ton (444.58-444.68 cents / gallon).
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Region, country., Closing price, Up and down
Asia, FOB Singapore, 1318.99-1320.99 USD / ton, – 46 dollars / ton
Europe, FOB ARA., 1782.49-1782.99 dollars / ton, – 98 dollars / ton
U.S.A., FOB Bay, 1578.25-1578.6 USD / ton, 64.89 USD / ton
The limited spot resources in the market have led to the continuous rise of prices in the near future. However, as the price rises to a high level, the downstream cost increases greatly, and the demand for raw materials is gradually flat. Business agency MTBE analysts believe that the domestic MTBE market may narrow in the short term.
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