According to the monitoring of Business News Agency, the domestic MTBE market continued to rise. From March 6 to 10, the price of MTBE rose from 7170 yuan/ton to 7412 yuan/ton, with a 3.38% increase in price during the cycle, a 7.06% month-on-month increase in price and a 8.89% year-on-year decrease. Due to the overhaul of some devices in Shandong Province and the export orders of some factories, the spot supply was once significantly reduced, the effect of tight supply and price rise was boosted, and the merchants actively pushed up the price. The price increase of enterprises in the week was about 50-200 yuan/ton.
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In terms of cost and crude oil: the international oil price fell, and the main negative factors were: the market worried that the Federal Reserve would raise interest rates or turn to more aggressive strategies, which would put pressure on the economy and demand. MTBE cost side is temporarily negative.
On the demand side, as the weather warms, the demand for gasoline follows up and the demand for raw materials continues. MTBE demand is obviously positive.
As of the close of March 9, the closing price of Asian MTBE market increased by 1.50 US dollars/ton compared with the previous trading day, and FOB Singapore closed at 946.99-948.99 US dollars/ton. The closing price of the European MTBE market increased by US $8.50/ton compared with the previous trading day, and the FOB ARA closed at US $1000.99-1001.49/ton. The closing price of the US MTBE market increased by 14.66 US dollars/ton compared with the previous trading day, and the FOB Gulf price closed at 1187.46-1187.82 US dollars/ton (334.50-334.60 US cents/gallon).
Region/ Country/ Closing price/ Up and down
Asia/ FOB Singapore/ 946.99-948.99 USD/ton./1.5 USD/ton
Europe/ FOB ARA./ 1000.99-1001.49 USD/ton./8.5 USD/ton
United States/ FOB Bay/ 1187.46-1187.82 dollars/ton./14.66 dollars/ton
In the future, it is predicted that the spot supply will gradually shrink, the gasoline sales will be OK, and the downstream demand will remain. The MTBE analysts of the business agency believe that the domestic MTBE market may continue to rise in the short term.
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