Crude oil continues to decline and gasoline demand is weak. MTBE market fell slightly, with a decrease of about 50 yuan / ton. According to the data of business agency, from August 11 to August 18, the price of MTBE fell from 5600 yuan / ton to 5500 yuan / ton, with a decrease of 1.79% in the week, a decrease of 4.24% month on month and a year-on-year increase of 47.32%.
Crude oil continued to decline, coupled with the continued decline in the gasoline market, businesses’ demand for raw material MTBE was weak, the market pessimistic atmosphere was strong, MTBE businesses’ sales were not smooth, so they had no choice but to continue to make profits and promote sales. Crude oil prices fell three times in a row, and the bearish sentiment in the middle and lower reaches is increasing. Refined gasoline has not reached the balance of production and sales, gasoline and diesel inventories have been under certain pressure, and refineries will continue to reduce prices to control inventories.
In terms of external trading, as of the closing on August 17, the closing price of Asian MTBE market was reduced by US $10.5/t compared with the previous trading day, and FOB Singapore closed at US $732.5-734.5/t. The closing price of European MTBE market decreased by US $0.25/t compared with the previous trading day, and FOB ara closed at US $773.25-773.75/t. The closing price of MTBE market in the United States decreased by US $12.54/t compared with the previous trading day, and FOB Gulf FOB closed at US $714.86-715.22/t (201.37-201.47 cents / gallon).
region ., Country, closing price, up and down
Asia FOB Singapore 732.5-734.5 USD / ton – USD 10.5/t
U.S.A FOB Bay USD 714.86-715.22/t – USD 12.54/t
Europe FOB ARA 773.25-773.75 USD / ton – USD 0.25/t
In terms of enterprises, the price adjustment of some main production enterprises in Shandong is about 50-100 yuan / ton: the 400000 T / a mixed alkane dehydrogenation and CO production of 350000 tons MTBE unit of Shandong Shenchi Chemical Co., Ltd. is under normal operation, MTBE is reduced by 50 yuan / ton, and the quotation is 5500 yuan / ton. Shi dashenghua’s MTBE quotation is reduced by 50 yuan / ton to 5550 yuan / ton. The MTBE quotation of Lihua Yijin Petrochemical is reduced by 50 yuan / ton to 5500 yuan / ton. The 350000 T / a mixed alkane dehydrogenation unit of Dongming Qianhai chemical started normally, and the MTBE quotation was reduced by 50 yuan / T to 5500 yuan / T.
At present, the transaction in MTBE market is general. Crude oil fell four times in a row, coupled with poor gasoline sales and low interest in purchasing raw materials, the sales pressure of MTBE market remains. Business agency MTBE analysts believe that the domestic MTBE market may still decline in the short term.
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