International crude oil prices fell, gasoline market maintained rigid demand, gasoline market prices fell slightly, MTBE market purchasing enthusiasm was not high before the festival, market prices fell slightly. The price of MTBE on September 25th was 2593 yuan / ton, down 4.43% from the price at the beginning of the week, according to business agency data.
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With the Mid Autumn Festival holiday approaching, residents have increased their driving trips, but the temperature has dropped, the fuel consumption of gasoline air conditioning has decreased, and the overall consumption of gasoline has maintained a just demand. In addition, the international oil price has declined, and the domestic oil product market price has declined slightly. At present, there are abundant gasoline resources in the market, the inventory is at a high level, the purchasing enthusiasm of MTBE and other intermediate materials is not high, and the market demand of MTBE is greatly limited. MTBE manufacturers are mainly to reduce prices to promote inventory.
According to the MTBE product analyst of energy branch of business agency, the crude oil price is expected to decline in the international crude oil market, and the upward trend of crude oil price is weak. However, after the mid autumn National Day festival, the gasoline market will usher in a replenishment peak, and the demand for MTBE and other intermediate materials will be supported, and the domestic MTBE market price is expected to rise.
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