In July, the domestic MTBE market fell significantly due to the low-level fluctuation of crude oil. According to the data of business agency, the price of MTBE at the beginning of the month was 8610 yuan / ton, and the market price of MTBE at the end of the month was 7330 yuan / ton. The price fell 14.87% in the month, up 26.74% year-on-year.
| Thiourea |
Trend chart of average price of domestic MTBE producers in Shandong in July 2022:
According to the price monitoring of the business club, in the first half of 2022 (1.1-6.30), 136 commodities rose month on month in the list of bulk commodity prices, mainly in the chemical sector (64 in total) and the agricultural and sideline sector (16 in total), and commodities with an increase of more than 5% were mainly in the chemical sector; The top three commodities were butadiene (152.15%), lithium hydroxide (118.46%) and sulfur (89.80%). A total of 95 commodities fell month on month, concentrated in chemical industry (43 in total) and steel (15 in total), and commodities with a decline of more than 5% were mainly concentrated in the chemical industry sector; The commodities with the top three declines were electrolytic manganese (-57.47%), magnesium (-46.60%) and glycine (-45.71%). In this half year, the average increase and decrease was 6.53%.
At the beginning of the month, the domestic MTBE market rebounded at a high level. The specific reasons are: crude oil was first suppressed and then increased, but the price is still at a high level, giving the market a certain psychological support; Gasoline prices have also followed the upward trend, with a slight increase in capacity utilization and an appropriate increase in demand for raw materials; Outlet support.
In the middle of August, the domestic MTBE market fell significantly, with crude oil prices rising first and then declining, and finally fell sharply compared with last week, which was a bad market mentality; The gasoline market entered a downward trend, lacking interest in high priced MTBE raw materials, and the overall transaction was poor.
In late August, the domestic MTBE market fell significantly, and the crude oil price fell sharply, and fell below the 100 yuan mark again, giving the market a heavy blow; The external market of MTBE continued to decline, and the export demand decreased; The initial overhaul factories have resumed operation one after another, and the overall supply has increased with it, highlighting the sales pressure of businesses.
At the end of the month, the MTBE market was suppressed first and then increased. Affected by the sharp decline in crude oil, the market has a strong pessimistic atmosphere. However, as the price fell to a low level, and the rebound of crude oil stopped falling, some downstream businesses replenished at a moderate amount of bargain hunting, business sales improved, and actively followed the rise to explore the market. The price is reduced by about 50 yuan / ton.
In terms of external trading, as of the close of July 28, the closing price of Asian MTBE market increased by $22.50 / ton compared with the previous trading day, and FOB Singapore closed at $1089.99-1091.99 / ton. The closing price of MTBE in Europe fell by $1.50 / ton compared with the previous trading day, and FOB ara closed at $1514.74-1515.24 / ton. The closing price of MTBE market in the United States decreased by 21.94 dollars / ton compared with the previous trading day, and FOB Gulf FOB closed at 1342.03-1342.39 dollars / ton (378.04-378.14 cents / gallon).
Region, country, closing price, rise and fall
Asia, FOB Singapore, 1089.99-1091.99 US dollars / ton, 22.5 US dollars / ton
Europe, FOB ara., 1514.74-1515.24 dollars / ton., -1.5 dollars / ton
United States, FOB Gulf, 1342.03-1342.39 dollars / ton, -21.94 dollars / ton
For enterprises, as of July 29, Shandong Chengtai new material MTBE quoted 7350 yuan / ton. The 200000 t / a isomerization unit started normally. Shidashenghua MTBE is stable, with a quotation of 7350 yuan / ton. The 200000 t / a isomerization unit started normally. The 400000 T / a mixed alkane dehydrogenation unit of Shandong Shenchi Chemical Co., Ltd. operates smoothly, MTBE is reduced by 100 yuan / ton, and the external quotation is 7300 yuan / ton. The MTBE quotation of Lihua Yijin Petrochemical was reduced by 100 yuan / ton to 7400 yuan / ton. 125000 T / a isomerization MTBE unit operates normally. The 350000 T / a mixed alkane dehydrogenation unit of Dongming Qianhai chemical started normally, and the MTBE quotation was reduced by 150 yuan / ton to 7250 yuan / ton.
Market demand is difficult to be greatly improved, and sales pressure remains in some regions. Business agency MTBE analysts believe that the domestic MTBE market may still decline in the short term.
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