According to the data of business agency, from March 18 to 25, the domestic MTBE market rose first and then fell. The overall rise was that the price of MTBE rose from 7612 yuan / ton to 7975 yuan / ton. During the cycle, the price rose by 4.77%, the price rose by 9.85% month on month and 39.67% year-on-year.

MTBE market rose again, with an increase of about 100-500 yuan / ton. After the price fell to a low level last week, downstream businesses replenished on bargain hunting, and business sales are getting better and better. At the same time, the international crude oil rose again, and the Brent price gradually rose again to above US $120 / barrel, which gave a strong support to the commodity market. In addition, the gasoline price also continued to rise this week, and the demand for raw materials increased, stimulating MTBE businesses to follow up. However, due to the obstruction of transportation, it is difficult to fully open the demand side and make the market rise unsustainable.

In terms of methanol, the domestic methanol market rose first and then fell this week. The rebound of crude oil and the continuous low level of social inventory contributed to the rise of this round of methanol market. However, with the rise of order transfer, the transaction is not smooth and the decline of crude oil, the market sentiment has changed rapidly, the focus of negotiation began to fall, and the transaction atmosphere has obviously weakened. The price market then fell narrowly.

In terms of external trading, as of the closing on March 24, the closing price of Asian MTBE market increased by US $26 / ton compared with the previous trading day, and FOB Singapore closed at US $1200-1202 / ton. The closing price of European MTBE market decreased by US $18.25/t compared with the previous trading day, and FOB ara closed at US $1178.5-1179/t. The closing price of the US MTBE market decreased by US $17.97/ton compared with the previous trading day, and the FOB Gulf FOB price closed at US $1298.73-1299.09/ton (365.84-365.94 cents / gallon).

Region, country., Closing price, Rise and fall

Asia ., FOB Singapore, USD 1200-1202 / ton ., USD 26 / ton

U.S.A ., FOB Bay ., 1298.73-1299.09 USD / ton .,- USD 17.97/t

Europe ., FOB ARA ., 1178.5-1179 USD / ton .,- 18.25 USD / ton

In terms of enterprises, Shida Shenghua MTBE was reduced by 50 yuan / ton for the second time, and the quotation was 7850 yuan / ton. The MTBE quotation of Lihua Yijin Petrochemical was reduced by 50 yuan / ton to 7850 yuan / ton for the second time.

Driven by the rise of crude oil, the market went up again and the transaction improved. Affected by transportation factors, there is no significant positive change in demand for the time being. Business agency MTBE analysts believe that in the short term, the domestic MTBE market fluctuates mainly in a narrow range.