The price of crude oil fluctuates at a high level and the price of MTBE in China rises

International oil prices fluctuated at a high level, gasoline prices rose slightly, and the overall start-up load of MTBE plant was still at a low level, which promoted the price rise of domestic MTBE market. According to the data of business news agency, the price of MTBE on January 15 was 4500 yuan / ton, up 3.85% from the beginning of the week.

 

This week, the international crude oil market was frequently positive. The international oil price fluctuated at a high level. WTI crude oil price rose by 2.55% and Brent crude oil price rose by 0.77%. In terms of gasoline demand, the cold weather in winter increases the willingness to travel by car. In addition, the price of domestic refined oil increases for five consecutive years, resulting in the increased willingness to trade in the terminal of refined oil market and the rising price of gasoline market.

 

The price of crude oil and gasoline is rising, and the market industry is bullish. In addition, the overall operating load of MTBE plant is still at a low level, and the operating rate of the plant is about 41%. With the downstream demand, the spot supply in the market continues to be tight. On the whole, MTBE manufacturers are willing to push up.

 

MTBE product analyst of business society energy branch said: it is expected that the international oil price will remain high in the short term, and the Spring Festival holiday is approaching, so the price of refined oil is expected to continue to rise. MTBE prices are expected to continue to rise.

PVA