Crude oil continued to fall, bad market mentality, coupled with gasoline also entered the decline, demand is more depressed, Shandong merchants poor sales, prices continue to decline adjustment. According to business news agency data, as of July 19, the price of MTBE was 5716 yuan / ton, down 10.72% month on month and up 51.10% year on year.

Last week, the MTBE market continued to decline, with light turnover. Crude oil continued to decline, bad market mentality, coupled with the recent weak demand, MTBE local business sales pressure still exists.

In terms of external market, as of July 16, the closing price of Asian MTBE market was down by US $8 / T compared with the previous trading day, while FOB Singapore closed at US $730-732 / T. The closing price of European MTBE market decreased by US $5.25/t compared with the previous trading day, and FOB ara closed at US $827.5-828/t. The closing price of MTBE market in the United States increased by US $1.17/t compared with the previous trading day, and FOB Gulf offshore price closed at US $798.75-799.1/t (225.00-225.10 cents / gal).

region ., Country. Closing price. Up and down

Asia FOB Singapore 730-732 USD / T – 8 US dollars / ton

U.S.A FOB Bay 798.75-799.1 USD / T US $1.17/t

Europe FOB ARA 827.5-828 USD / T – US $5.25/t

The recent downturn of crude oil and gasoline has led to weak demand for raw materials in the downstream. In addition, the price of other raw materials is still about 200-400 yuan / ton lower than that of MTBE, so the sales pressure of MTBE merchants is still there. Business community MTBE analysts believe that in the short term, the domestic MTBE market will remain sluggish.