Gasoline prices rose first and then fell, and MTBE market prices fell slightly

The gasoline market price rose sharply and fell down, and the upward pressure of MTBE market price was greater. Overall, the MTBE market price rose first and then fell following the change of gasoline price. According to the data of business agency, the price of MTBE on November 13 was 3616 yuan / ton, down 0.46% from the price at the beginning of the week.

 

PVA

At the beginning of the week, the international crude oil price rose sharply, driving the domestic gasoline and diesel prices to rise slightly. Later, due to the low enthusiasm of market procurement, gasoline and diesel prices fell again. At the beginning of the week, due to the impact of the continued sharp rise in international oil prices, MTBE manufacturers made a tentative small increase under the cost pressure. However, the gasoline market demand was not good, the gasoline shipment was general, and the upward trend of gasoline price was weak, but the demand for intermediate materials such as MTBE was low. Since the middle of the week, the market price of MTBE began to fall. Overall, the price of MTBE market rose first and then fell, with narrow range fluctuation.

 

According to MTBE product analyst of energy branch of business agency, the international crude oil price is lack of action force, the gasoline market price will continue to decline under pressure, and the upward trend of MTBE market demand is difficult. It is expected that domestic MTBE prices will be stable in the short term.

http://www.pva-china.net

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