The epidemic situation in many parts of the world rebounded, demand concerns increased, and international oil prices fell sharply. According to the data of business agency, as of August 3, the price of MTBE was 5650 yuan / ton, with a month on month decrease of 10.08% and a year-on-year increase of 50.00%.
MTBE market continued to decline steadily, with a decline of 50-80 yuan / ton. The international oil price fell sharply, the market mentality was bad, and the gasoline market fell by 30-50 yuan / ton, and the demand for raw materials became more and more light.
In terms of external market, as of the closing on August 2, the closing price of Asian MTBE market was reduced by US $7 / T compared with the previous trading day, and FOB Singapore closed at US $772-774 / T. The closing price of European MTBE market decreased by US $16.75/t compared with the previous trading day, and FOB ara closed at US $883.25-883.75/t. The closing price of MTBE market in the United States decreased by US $27.48/t compared with the previous trading day, and FOB Gulf FOB closed at US $813.48-813.84/t (229.15-229.25 cents / gallon).
region ., Country, closing price, up and down
Asia FOB Singapore USD 772-774 / ton – USD 7 / ton
U.S.A FOB Bay 813.48-813.84 USD / ton – USD 27.48/t
Europe FOB ARA 83.25-883.75 USD / ton – USD 16.75/t
In terms of enterprises, some major production enterprises in Shandong have adjusted their prices by about 50-100 yuan / ton today,
The recent trend of crude oil and gasoline is sluggish, the demand is weak, and the sales pressure of MTBE merchants increases. Business agency MTBE analysts believe that the domestic MTBE market may still decline in the short term.
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