Crude oil plummeted, bad market mentality. The downstream demand is gentle, and the merchants keep shipping. According to the data of business news agency, as of May 14, the price of MTBE was 5926 yuan / ton, with a month on month decrease of 3.89% and a year-on-year increase of 71.19%.
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The market of MTBE mainly sticks to the market and its fluctuation is limited. Crude oil has stopped rising and falling, but the market mentality is bad. In addition, gasoline market sales are general, and the demand for raw materials is flat. Although the main refineries in Shandong are overhauled, the demand in the area is general and the market is not easy to rise or fall. In the southern market, recently, the imported goods have come to Hong Kong one after another, and the supply is relatively abundant, but the demand is flat, and the merchants are slow in shipping.
In terms of external market, as of May 14, the FOB Gulf price of the United States closed at 787.78-788.14 US dollars / ton, up 5.36 US dollars / ton, the FOB ara of Europe closed at 732.5-733 US dollars / ton, down 3.5 US dollars / ton, and the FOB Singapore of Asia closed at 691-693 us dollars / ton, down 41 US dollars / ton.
region ., Country. Closing price. Up and down
Asia FOB Singapore US $691-693 / T – 41 USD / T
U.S.A FOB Bay 787.78-788.14 USD / T US $5.36/t
Europe FOB ARA 732.5-733 USD / T – US $3.5/t
In recent years, the situation of flat demand is difficult to change, and the market will continue the transition of consolidation. Business community MTBE analysts believe that the domestic MTBE market will be stable in the short term.
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