MTBE market price fell this week (April 20-26)

1、 Price trend

 

Business agency: MTBE market price fell this week (April 20-26)

 

The price of MTBE at the end of this week was 3400 yuan / ton, down 5.12% from the previous week, according to the data of business agency.

 

PVA 1788 (PVA BP17)

2、 Market analysis

 

Product: this week, the international crude oil price fell, the demand of gasoline market was not good, the market price followed the decline, and the domestic MTBE price fell in this cycle.

 

Industry chain: lack of good news support in gasoline this week, downstream gas stations mostly replenish their warehouses as needed, and with the sharp drop in international oil prices, gasoline prices fell 3.44%

 

PVA 1799 (PVA BF17)

On the MTBE Market: WTI futures delivery dropped international oil prices, coupled with the arrival of low-cost imported MTBE resources in Hong Kong, which triggered strong bearish sentiment in the domestic market. MTBE manufacturers had a difficult shipment and the price entered the downward channel. In May, the main business unit suspended the use of gasoline for air-conditioning oil suppliers. The southern market has a relatively obvious impact. The market is mainly weak and stable. In addition, the domestic alkylation oil in this cycle shows a significant decline after a small increase. The market price of MTBE is mainly down this week.

 

3、 Future forecast

 

According to MTBE product analyst of energy branch of business news agency, international crude oil demand is weak, market price is still under pressure, and domestic refined oil demand has no bright spot, which is negative for MTBE market demand. It is expected that MTBE market price will continue to decline slightly next week.

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