1、 Price trend
Business agency: the market price of MTBE fell sharply this week (March 9-March 13)
The price of MTBE at the end of this week was 4133 yuan / ton, down 8.82% from the previous week’s price, according to the data of business agency.
2、 Market analysis
| ammonium persulfate |
Product: the price of crude oil in the international market fell sharply, causing panic in the domestic market. The price of MTBE fell sharply.
Industrial chain: Saudi Arabia and Russia held a joint production reduction meeting, which met with black swan incident. The crude oil supply is expected to increase significantly, and the international crude oil market plunged more than 40%.
MTBE Market: the international oil price plunges sharply, the market players are more bearish about the future market, MTBE manufacturers are hard to ship, and the price decline is hard to stop. Although the planned start-up of some refineries that were shut down in the early stage of the middle and late of this year will have a certain pulling effect on MTBE demand, on the one hand, the demand recovery speed is slow. Coupled with the huge drop in international oil prices, the demand of MTBE market has only a drop in the bucket.
3、 Future forecast
According to MTBE product analyst of energy branch of business news agency, the price of international crude oil market is running at a low level, and MTBE market operators have a relatively negative attitude towards the future market. It is expected that the price of MTBE market will decline in the near future.
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