Price Trend
Business associations: MTBE market prices rose this week (July 7-July 13)
According to data from business associations, MTBE’s price this weekend was 5250 yuan/ton, up 1.81% from the previous week’s price.
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II. Market Analysis
Products: Gasoline market price rose 4.87%, domestic MTBE market will rise this week.
Industry chain: MTBE spot price in South China continued to rise during this period; Shandong rebounded after the fall. In South China, Sinopec’s MTBE demand is large this month, and the enthusiasm of oil regulators has also increased. MTBE is still in short supply and manufacturers are actively pushing up. In Shandong, MTBE demand has improved and prices have rebounded rapidly supported by less supply.
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3. Future Market Forecast
Analysts of MTBE products of Business Society Energy Branch believe that the supply of MTBE is still on the tight side from the basic point of view, and the market of MTBE will continue to rise if there is still a positive increase in demand.
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