Lower MTBE price due to lower downstream demand

International oil prices fall more than rise less, bad market mentality, coupled with the general sales of gasoline market itself, the demand for raw material MTBE is flat. According to the data of business news agency, as of April 1, the price of MTBE was 5693 yuan / ton, which was still up 8.03% month on month and 86.67% year on year.

 

Gasoline itself is generally sold, and the demand for raw material MTBE is limited; the prices of other gasoline raw materials such as mixed aromatics and alkylation are lower than MTBE, which is bad for MTBE market. Recently, the prices of mixed aromatics and alkylation are about 250-300 lower than those of MTBE, which puts some pressure on the MTBE market. All parties are bullish. This week, the MTBE market continues to decline slightly. In Shandong Province, due to the start of some factories this week and the influence of some low-cost goods in Northeast China, the sales of merchants are not smooth, and the price is slightly profitable, with a drop of 100 yuan / ton.

 

In terms of external market, as of April 1, the FOB Gulf price of the United States closed at 214.50-214.60 cents / gallon (761.48-761.83 US dollars / ton), FOB ara of Europe closed at 688-688.5 US dollars / ton, and FOB Singapore of Asia closed at 711-713 US dollars / ton.

 

Restrained by the decline of crude oil and weak demand, the MTBE market continued to decline and adjust this week. The replenishment of merchants before the festival is limited, and it is expected to usher in a short replenishment period after the festival. Business community MTBE analysts believe that in the short term, the domestic MTBE market will be low and volatile.

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