Price Trend
Business associations: MTBE market prices rose this week (July 21-July 27)
According to data from business associations, MTBE’s price this weekend was 531 yuan/ton, up 2.57% from the previous week’s price.
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II. Market Analysis
Products: Gasoline market prices have risen by 2.58%. Domestic MTBE market is rising this week.
Industry chain: In Shandong, oil companies in Zibo region fermented the news of staggered peak and limited production from August to September of the week. The oil market was buoyant, MTBE manufacturers shipped smoothly and MTBE market rose as a whole. However, with the MTBE price rising to a high level, downstream purchasing intention tended to be cautious, and there was a slight pullback later this week in South China. MTBE manufacturers in the region are still mainly supply-oriented, the market spot is very tight, manufacturers shipment is not under pressure, there is still a sustained upward movement.
3. Future Market Forecast
| Ferrous Fumarate |
MTBE product analysts from the Energy Branch of Business Cooperatives believe that the downstream purchasing intention of MTBE has weakened significantly after the price hike, and the domestic MTBE market price is expected to fall first and then rise next week.