MTBE market price remained stable after a sharp decline

According to the data of business agency, from March 25 to April 2, the domestic MTBE market fell first and then stabilized. The overall decline was obvious. The MTBE price fell from 7975 yuan / ton to 7387 yuan / ton. During the cycle, the price fell by 7.37%, the price fell by 1.37% month on month and increased by 29.76% year-on-year.

 

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MTBE market stopped rising and fell, with a decline of 700-800 yuan / ton. The main reason for this week’s price reduction is that the crude oil fluctuates lower and the market mentality is bad; The transportation demand in some areas continues to be limited, resulting in poor shipment of merchants.

 

In terms of methanol, the methanol market opened high and went low this week, the crude oil fluctuated widely, and the weak demand led to the terminal’s resistance to receiving goods at high prices, and the domestic methanol market was slightly deadlocked.

 

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 April 1, the closing price of Asian MTBE market decreased by US $36 / ton compared with the previous trading day, and FOB Singapore closed at US $1068-1070 / ton. The closing price of European MTBE market increased by US $22 / ton compared with the previous trading day, and FOB ara closed at US $1164-1164.5/ton. The closing price of MTBE market in the United States increased by US $0.92/ton compared with the previous trading day, and FOB Gulf FOB closed at US $1222.26-1222.62/ton (344.30-344.40 cents / gallon).

 

Region, country., Closing price, Rise and fall

Asia, FOB Singapore, USD 1068-1070 / T, – USD 36 / ton

Europe, FOB ARA., USD 1164-1164.5/t, $22 / ton

U.S.A., FOB Bay, USD 1222.26-1222.62/t, USD 0.92/ton

In terms of enterprises, the 200000 t / a isomerization unit of Shandong Chengtai new material stopped on March 23. At present, the sales inventory is mainly, and the MTBE quotation is 7800 yuan / ton. Shi dashenghua MTBE is stable, and the quotation is 7250 yuan / ton. The 200000 t / a isomerization unit started normally. The MTBE quotation of Lihua Yijin Petrochemical is 7250 yuan / ton. The 125000 T / a isomerization MTBE unit operates normally, and the 200000 t / a isobutane dehydrogenation unit operates normally. The 350000 T / a mixed alkane dehydrogenation unit of Dongming Qianhai chemical started normally, and the MTBE quotation was 7250 yuan / ton.

 

The trend of crude oil is uncertain and the market mentality is bad; The downstream demand is weak, and the sales pressure of merchants remains. Business agency MTBE analysts believe that in the short term, the domestic MTBE market fluctuates mainly in a narrow range.

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