The international crude oil price fluctuated in a narrow range, and the gasoline market price fell steadily, while the MTBE manufacturer’s shipment situation was general, and the market price fell steadily. The price of MTBE on October 16 was 3633 yuan / ton, up 2.64% from the beginning of the week, according to business agency data.

The international crude oil market is intertwined with long and short news, and the international oil price is operating in a narrow range. WTI crude oil prices rose 1.28% and Brent crude oil prices rose 0.19%. However, the promotion effect on the gasoline market is limited. In terms of gasoline demand, the demand for replenishment in the post holiday market has not brought substantial improvement to the refined oil market. Moreover, the number of car trips after the festival is reduced, the terminal demand is reduced, and the overall performance of gasoline demand is not good. Refineries lack confidence in the future market. They still purchase more intermediate materials such as MTBE on demand, while MTBE manufacturers are weak in shipment. The spot supply of MTBE decreased slightly compared with the previous period, but the overall supply was still at a high level. The overall MTBE market fell slightly.

According to MTBE product analysts of energy branch of business agency, the international crude oil market is not favorable, the international crude oil and gasoline market prices are still at risk of falling, and refineries are not active in replenishing MTBE and other intermediate materials. It is expected that domestic MTBE prices will continue to fall under pressure.