The domestic MTBE market is descending. According to the data of business agency, the price of MTBE remained at 8620 yuan / ton on July 4 and 8100 yuan / ton on July 11. During the cycle, the price fell by 6.03%, the maximum amplitude was 6.25%, and the price fell by 5.68% month on month, with a year-on-year increase of 36.21%.
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The domestic MTBE market fell significantly this week, with crude oil prices rising first and then declining, and finally fell sharply compared with last week, which was a bad market mentality; The gasoline market entered a downward trend, lacking interest in high priced MTBE raw materials, and the overall transaction was poor.
In the upstream, the domestic methanol market was less than expected under the background of macro weakness, and the mainland market fell back after rising in a narrow range.
In terms of external trading, as of the close of July 8, the closing price of Asian MTBE market increased by 37.50 US dollars / ton compared with the previous trading day, and FOB Singapore closed at 1103.99-1105.99 US dollars / ton. The closing price of MTBE in Europe fell by 61 dollars / ton compared with the previous trading day, and FOB ara closed at 1572.49-1572.99 dollars / ton. The closing price of MTBE market in the United States increased by $9.48 / ton compared with the previous trading day, and FOB Gulf FOB closed at $1468.31-1468.66 / ton (413.61-413.71 cents / gallon).
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Region, country., Closing price, Up and down
Asia, FOB Singapore ., 1103.99-1105.99 dollars / ton, 37.50 USD / ton
Europe, FOB ARA., 1572.49-1572.99 USD / ton, – US $61 / ton
U.S.A., FOB Bay, 1468.31-1468.66 dollars / ton, 9.84 USD / ton
The spot supply in the market increased, and the sales pressure in some regions remained. MTBE analysts of business agency believe that the domestic MTBE market may be mainly sorted out in the short term.
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