1、 Price trend

Business agency: MTBE market price continues to fall this week (February 17-21)

The price of MTBE this weekend was 4776 yuan / ton, down 5.10% from the previous week’s price, according to the data of business agency.

2、 Market analysis

Product: refinery gasoline inventory pressure is still large, market demand for MTBE is still low. The market price of MTBE rebounded in the middle of this week due to the rise of gasoline price, but the market price of MTBE continued to fall in the later period..

Industry chain: in the later part of this week, driven by the continuous rise of crude oil, and in order to reduce profits and losses, refineries began to increase gasoline prices, and downstream operators have followed the increase to replenish storage. However, gasoline inventory is still high, and MTBE market demand remains low.

MTBE Market: with the gradual improvement of China’s epidemic situation, the restrictions on logistics and transportation are slightly relaxed, but the transportation capacity is still very tight. In addition, the rigid demand for gasoline raw materials is still low under the pressure of gasoline inventory in refineries. The delivery of MTBE manufacturers is poor, and the market price falls. Although most MBE units were shut down or production load was reduced in the early stage, MTBE production continued to decline, but at present, manufacturers still have inventory, and MTBE market supply can still be guaranteed. MTBE market prices fell first, then rose and then fell this week.

3、 Future forecast

According to MTBE product analyst of energy branch of business news agency, the international crude oil market is on the rise, and the impact of China’s epidemic on the refined oil market is gradually reduced. It is expected that the price of gasoline market will rise in the near future. The rise of gasoline market price will drive the domestic MTBE market price up. It is expected that the domestic MTBE market price will rebound to the bottom next week.