According to the data of business agency, the domestic MTBE market fluctuated significantly from May 6 to 13. The price of MTBE remained at 7550 yuan / ton at the beginning of the week and 7400 yuan / ton at the weekend. The price decreased by 1.99% during the week, and the price increased by 3.32% month on month and 24.72% year-on-year.
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In the first half of this week, because the price rose to a high level, encountered downstream resistance, and the demand weakened. In addition, the prices of other gasoline raw materials were low, MTBE merchants’ sales were blocked and had no choice but to adjust one after another, with a decline of about 200-400 yuan / ton. As the price fell to a low level, the willingness of downstream businesses to replenish on bargain hunting rose. In addition, it coincided with the sharp rise of international oil prices and the rise of gasoline prices. MTBE businesses had strong bullish willingness and followed the rise of prices.
In terms of methanol, macro support may be limited. Basically, the supply may still be abundant, the marginal demand is expected to improve, and the domestic methanol market may be stable in the short term.
Comparison chart of crude oil and MTBE price trend of business society:
Comparison chart of methanol and MTBE price trend of Business Club:
Comparison chart of gasoline and MTBE price trend of business society:
Comparison chart of diesel and MTBE price trend of business society:
In terms of external trading, as of the closing on May 12, the closing price of Asian MTBE market increased by US $11.59/t compared with the previous trading day, and FOB Singapore closed at US $1198.49-1200.49/t. The closing price of European MTBE market increased by 44 US dollars / ton compared with the previous trading day, and FOB ara closed at 1443.99-1444.49 US dollars / ton. The closing price of MTBE market in the United States increased by US $37.70/ton compared with the previous trading day, and FOB Gulf FOB closed at US $1612.12-1612.47/ton (454.12-454.22 cents / gallon).
Region, country., Closing price, Rise and fall
Asia, FOB Singapore, 1198.49-1200.49 USD / T, USD 11.59/ton
Europe, FOB ARA., 1443.99-1444.49 USD / T, USD 44 / ton
U.S.A., FOB Bay, 1612.12-1612.47 USD / ton, 37.70 USD / ton
In terms of enterprises, Shandong Chengtai new material 200000 t / a isomerization unit is being shut down, and at present, it mainly sells a small amount of inventory. MTBE offers 7400 yuan / ton. Shi dashenghua’s MTBE quotation is 7400 yuan / ton. The 200000 t / a isomerization unit started normally. The 400000 T / a mixed alkane dehydrogenation and 350000 t MTBE unit of Shandong Shenchi Chemical Co., Ltd. was shut down for maintenance on December 27, and the specific start-up time is to be determined. MTBE will not be shipped temporarily and there is no quotation. The MTBE quotation of Lihua Yijin Petrochemical is 7400 yuan / ton. The 350000 T / a mixed alkane dehydrogenation unit of Dongming Qianhai chemical started normally, and the MTBE quotation was 7400 yuan / T.
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Enterprise, Device, Price
Chengtai chemical /, 200000 t / a isomerization unit is under maintenance, 7400 yuan / ton
Shi dashenghua, The 200000 t / a isomerization unit started normally, 7400 yuan / ton
Shenchi chemical, 400000t / a mixed alkane dehydrogenation and CO production 350000t unit started normally, No shipment for the time being
Lihuayi, 125000 T / a isomerization MTBE unit operates normally, 7400 yuan / ton
Dongming Petrochemical, 350000 T / a mixed alkane dehydrogenation unit starts normally, 7400 yuan / ton
Driven by the favorable market of crude oil and gasoline, the price rebounded after falling and the transaction improved. In addition, some subsequent refineries have been started one after another, and the market demand still exists. However, due to the general trend of gasoline, the demand for raw materials is mainly based on on-demand procurement, and the improvement is limited. Business agency MTBE analysts believe that in the short term, the domestic MTBE market fluctuates mainly in a narrow range.
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