Price Trend
Business associations: MTBE market prices rose this week (March 11-March 15)
According to data from business associations, MTBE’s price this weekend was 5,520 yuan/ton, up 2.04% from the previous week’s price.
II. Market Analysis
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Product: The domestic MTBE market is in the trend of first falling and then rising in this cycle. Driven by the rising international crude oil price in the middle and late of this week, the domestic gasoline market price is rising, and the purchasing intention of intermediaries for gasoline raw materials has recovered.
Industry Chain: The terminal market of refined oil is stranded. Gasoline prices are rising slightly driven by crude oil prices. Domestic gasoline manufacturers’shipments are improving. Intermediaries’ purchasing intentions for gasoline raw materials are improving. When middlemen replenish their products at low prices, MTBE shipment atmosphere has improved significantly. The actual negotiation prices have increased slightly supported by the rise in crude oil.
3. Future Market Forecast
Analysts of MTBE products of Business Society Energy Branch believe that the demand of MTBE in North China can be maintained at present, but it is difficult to forecast the price to continue to rise under the insufficient support. However, international oil prices still have an upward trend, MTBE prices are expected to rise steadily and moderately.
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