1、 Price trend
Business agency: the market price of MTBE fell sharply this week (March 16-20)
The price of MTBE this weekend was 3300 yuan / ton, down 11.61% from the previous week’s price, according to the data of business agency.
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2、 Market analysis
Product: the international crude oil price continues to drop sharply, the gasoline market price follows the drop and falls, and the domestic MTBE price drops sharply in this cycle.
Industry chain: crude oil futures prices continue to fall sharply, the gasoline market is on a passive wait-and-see basis, and gasoline demand is gradually increasing. However, under the drag of crude oil slump, intermediate traders and downstream customers are mainly on a wait-and-see basis, with gasoline market prices plummeting 9.99% this week.
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MTBE Market: at 24:00 on the 17th, the price of domestic refined oil fell to the floor price, the domestic oil price fell sharply, and the demand for gasoline terminals is still recovering, while MTBE just needs to perform generally. At present, the crude oil market is still facing the pressure of further decline, and domestic market players are still mainly waiting for the consumption of oil. Meanwhile, alkylated oil fell 15.00% month on month this week. MTBE market prices are down this week.
3、 Future forecast
According to MTBE product analyst of energy branch of business news agency, MTBE price has fallen to a new low in history. Although there is still a risk of falling international oil price, there is not much room for falling MTBE market price in the near future.
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