The international crude oil price fell. Although the domestic refined oil price adjustment ushered in an upward trend, the demand for gasoline market was not favorable, and the price of MTBE market fell steadily. The price of MTBE on October 23 was 2330 yuan / ton, down 1.67% from the price at the beginning of the week, according to business agency data.
Cushing’s crude oil inventory in the United States increased by 975000 barrels, and the international crude oil price fell due to the poor demand in the international crude oil market. The domestic weather and temperature has dropped, and there are no holidays in the near future. The domestic gasoline market demand returns to the rigid demand, which is lack of positive boost. The price of gasoline is on the low side, and the manufacturers are in a strong bearish mood on the MTBE market. The MTBE manufacturers exchange the quantity with the price to ensure the shipment. The start-up of atmospheric and vacuum distillation units in domestic refineries has declined, and the demand for intermediate materials such as MTBE has decreased. On the whole, the demand for MTBE is not good, and the price of MTBE manufacturers is stable, which guarantees the shipment.
Analysts of MTBE products of energy branch of business agency believe that: the demand of international crude oil market is weak, the prices of international crude oil and gasoline market will still fall under pressure, and refineries are not active in replenishing MTBE and other intermediate materials. Domestic MTBE prices are expected to fall in the short term.
| Thiourea |