Domestic refined oil price adjustment “six consecutive rise” landing, but crude oil, gasoline steady small drop, poor gasoline demand expectations during the Spring Festival, MTBE market shipment blocked, domestic MTBE market price stable callback. According to the data of business news agency, the price of MTBE on January 29 was 4550 yuan / ton, down 0.37% compared with the price at the beginning of the week.

Recently, the international crude oil market lacks directional news, and the implementation rate of OPEC’s production reduction has not reached 100% while the US crude oil inventory has decreased. This week, the international crude oil price is in high volatility. During the Spring Festival, domestic product oil demand is expected to be poor, and gasoline market just needs to weaken. This week, domestic gasoline prices fell steadily.

Recently, the price of international crude oil is weak. In addition, transportation around the world is hindered to some extent near the end of the year. Local refineries generally ship gasoline, and refineries purchase intermediate materials such as MTBE on demand. MTBE manufacturers lack confidence in the future market, so price reduction has become the mainstream.

MTBE product analysts of business society energy branch think: the upward trend of international crude oil price is blocked, gasoline price is stable and callback, and the purchase intention of intermediate materials such as MTBE is weakened. It is expected that MTBE market price will callback.