The MTBE market rose steadily and the price broke through the 6000 yuan / ton mark. According to business news agency data, as of April 12, the price of MTBE was 6016 yuan / ton, up 5.19% month on month and 73.56% year on year.
Brent crude oil rose slightly, and gasoline prices also rose slightly, giving a certain impetus to MTBE market. In addition, due to the recent overhaul of Yuhuang plant, the spot supply in Shandong is limited, which is supported by many favorable factors, and merchants actively explore the rise.
As for the external market, as of April 9, the FOB Gulf price of the United States closed at 208.16-208.26 cents / gallon (738.97-739.32 US dollars / ton), the FOB ara of Europe closed at 688-688.5 US dollars / ton, and the FOB Singapore of Asia closed at 711-713 US dollars / ton.
Region, country, closing price, up and down
Asia ﹣ FOB Singapore ﹣ 694.5-696.5 USD / T – 3.5 USD / T
U.S. $738.97-739.32/t
Europe ﹣ FOB Ara ﹣ 678.75-679.25 USD / T-2 USD / T
Recently, the demand of main business units has increased slightly, and the demand of refining rigidity is still there. At present, the equipment maintenance in some areas of China has limited spot resources, and the merchants are willing to support the market. MTBE analysts of business news agency believe that the domestic MTBE market will rise in a narrow range in the short term.
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