In November, the domestic MTBE market fluctuated at a low level and fluctuated slightly. It rebounded slowly after a sharp decline at the beginning of the month, but it still showed a downward trend compared with the beginning of the month. According to the data of business agency, the price of MTBE at the beginning of the month was 6500 yuan / ton, and the market price of MTBE at the end of the month was 6410 yuan / ton, with a decrease of 1.38% and a year-on-year increase of 68.68%.
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According to the price monitoring of the business community, in the list of commodity prices rising and falling in October 2021, there were 12 commodities rising month on month in the energy sector, including 10 commodities rising by more than 5%, accounting for 62.5% of the monitored commodities in the sector; The top three commodities were liquefied natural gas (29.09%), fuel oil (22.54%) and diesel (15.00%). There are 3 kinds of commodities with a month on month decrease, and 2 kinds of commodities with a decrease of more than 5%, accounting for 12.5% of the monitored commodities in this sector; The products with the top three declines were power coal (- 11.99%), methanol (- 7.27%) and petroleum coke (- 3.69%). The average increase and decrease this month was 6.93%.
Monthly K column chart of MTBE domestic production price:
Weekly K column chart of MTBE domestic production price:
At the beginning of the month, the MTBE market continued to decline, and some manufacturers lowered their factory quotations for many times during the week, with a decline of about 400-750 yuan / ton. Brent crude oil price fell to a low of US $81.99/barrel, which gave some negative impact on commodities. Due to the epidemic, travel restrictions in some areas, gasoline sales weakened, and gasoline prices also fell step by step due to the decline of crude oil. Recently, due to poor sales, various inventories have increased to varying degrees. Considering the inventory, businesses have offered profits for promotion.
In the middle of the month, the MTBE market rose first and then fluctuated and sorted out. At the beginning of the week, some production enterprises raised the ex factory quotation, with an increase of 100-200 yuan / ton. After the price of MTBE fell to a low level last week, it attracted some downstream businesses to replenish goods on bargain hunting, and the shipment of businesses improved. With the support of the rise of crude oil and raw materials over the weekend, the MTBE market in Shandong led the market again. In the middle and later part of the week, the downstream demand was limited, the sales pressure of merchants remained, and the price rise of MTBE market was weak, resulting in shock consolidation.
In late June, the MTBE market rose first and then fluctuated and sorted out. At the beginning of the week, some production enterprises raised the ex factory quotation, with an increase of 100-200 yuan / ton. Gasoline prices are rising. Gasoline prices rose by 100-200 yuan / ton this week. Its own sales are getting better, and the demand for raw materials is increasing. The bidding of local refineries is increasing this week, and the demand is increasing. Some devices in Shandong and Northeast China are still under maintenance. Due to the impact of the epidemic in Northeast China recently, the supply of goods to the south is scarce and the supply is limited, supporting businesses to actively explore the rise. Supported by the above positive parties, MTBE prices continued to rise this week.
At the end of the month, the MTBE market was first depressed and then raised, and closed down at the weekend, with an overall slight decline of 50-100 yuan / ton compared with last week. After the price rose to a high level last week, there was resistance in the downstream and took a wait-and-see attitude towards high priced raw materials. In addition, the international crude oil fell sharply one after another, and the gasoline and raw material market also fell, resulting in pressure on MTBE businesses, which had no choice but to follow the decline, with a decline of about 100-150 yuan / ton.
Comparison chart of crude oil (upstream raw material) and MTBE price trend of business society:
Comparison chart of MTBE and gasoline (downstream products) price trend of business agency:
In terms of external trading, as of the closing on November 25, the closing price of Asian MTBE market decreased by US $6 / T compared with the previous trading day, and FOB Singapore closed at US $833-835 / T. The closing price of European MTBE market decreased by US $10 / T compared with the previous trading day, and FOB ara closed at US $863.75-864.25/t. Due to the Thanksgiving holiday, the U.S. MTBE market is closed and has no closing price.
Region, country, closing price, up and down
Asia FOB Singapore USD 833-835 / ton – USD 6 / ton
U.S.A FOB Bay Thanksgiving holiday /
Europe FOB ARA USD 863.75-864.25/ton – USD 10 / ton
In terms of enterprises, as of November 26, the 200000 t / a isomerization unit of Shandong Chengtai chemical had been started normally, and the MTBE quotation was reduced by 100 yuan / ton to 6400 yuan / ton. Shi dashenghua’s MTBE quotation is reduced by 100 yuan / ton to 6400 yuan / ton. The 400000 T / a mixed alkane dehydrogenation co production 350000 t MTBE unit of Shandong Shenchi Chemical Co., Ltd. started normally, and the MTBE quotation was reduced by 50 yuan / T to 6450 yuan / T. The MTBE quotation of Lihua Yijin Petrochemical is reduced by 50 yuan / ton to 6400 yuan / ton. The 350000 T / a mixed alkane dehydrogenation unit of Dongming Qianhai chemical started normally, and the MTBE quotation was reduced by 100 yuan / T to 6400 yuan / T.
The trend of crude oil is unstable and the market is strong; Downstream on-demand procurement, mainly merchant shipment. Business agency MTBE analysts believe that the domestic MTBE market may be mainly sorted out in the short term.