1、 Price trend

Business agency: the market price of MTBE remained stable this week (April 5-10)

According to the data of business agency, the price of MTBE this weekend was 3466 yuan / ton, 1.46% higher than that of last week.

2、 Market analysis

Product: this week, the international crude oil price fell, the gasoline market price remained stable as a whole, and the domestic MTBE price rose steadily in this cycle.

Industry chain: the crude oil futures market price improved at the beginning of the week. The output reduction rate of OPEC + meeting on September 9 was lower than expected. The crude oil market price fell again. In the near future, the operating rate of domestic refining and chemical equipment rose gradually, and the gasoline price remained stable.

On the MTBE Market: weekly international oil prices rose, MTBE manufacturers delivered goods smoothly, market prices pushed up, and the lower MTBE price was supported by the periodic replenishment in the downstream after the Qingming Festival. In addition, the starting load of the refinery gradually increased, and the domestic MTBE demand was in an increasing trend. Therefore, the MTBE price this week slightly recovered, not affected by the 9-day WTI crude oil price drop.

3、 Future forecast

According to MTBE product analyst of energy branch of business society, MTBE price is still at a low level at present, and the price of refined oil tends to be stable. It is expected that the market price of MTBE will fluctuate in a narrow range in the near future.