MTBE market prices rose this week (August 18-August 24)

Price Trend

Business associations: MTBE market prices rose this week (August 18-August 24)

According to data from business associations, MTBE’s price this weekend was 5,750 yuan/ton, up 2.99% from the previous week’s price.

II. Market Analysis

Products: This week, domestic MTBE market prices continue to climb, international crude oil prices surge upward, gasoline market prices remain stable as a whole, and as of August 23, the latest crude oil change rate is 1.45%, refined oil is expected to increase by 100 yuan/ton, expected to boost MTBE market prices.

Industry chain: International crude oil prices rose first and then fell this week. WTI and Brent crude oil prices rose slightly by 1.62% and 2.90% this week. Domestic gasoline prices were 6,694 yuan/ton, down 0.88% this week.

In MTBE market, with the increase of crude oil price at the beginning of the week and the anticipated increase of domestic refined oil, as well as the new round of raw material purchasing cycle of georefining, the buying and selling atmosphere of MTBE market has improved, which has pushed up the market price of MTBE. However, the operation of oil dispatchers in the Southern Market is still very negative, and the market mainly operates in a light and stable way. At the same time, this week Southern Alkylated Oil due to Sinopec’s large orders, East China, South China market performance is positive, the market price performance is relatively strong.

3. Future Market Forecast

Analysts of MTBE products of Business Society Energy Branch believe that there is a high probability that international oil prices will continue to oscillate next week. Domestic gasoline market also has “gold, silver and ten” demand support. MTBE market prices are expected to rise steadily next week.