I. price trend
Business agency: MTBE market price rises in November
According to the data of the business agency, the market price of MTBE rose in November. At the end of November, the price of MTBE was 5567 yuan / ton, up 5.70% from 5266 yuan / ton at the beginning of the month.
II. Market analysis
Product: WTI crude oil market price rose 7.25% in November. Restricted by the weak gasoline demand, the domestic gasoline market price rose only 2.43% in November, driving the price of MTBE downstream market up.
| Thiourea |
Industry chain: since November, the market demand for refined oil has remained low, but in November, the price of domestic refined oil market has increased continuously by two price adjustments, driving the price of domestic refined oil market to rise slightly. In November, the market price of gasoline rose by 2.43%.
Market: at the beginning of the month, supported by the sharp rise of international oil price, the price of MTBE manufacturers in the North kept rising under the smooth shipment. Although the overall demand in the south market was relatively general, it rose tentatively driven by the tight supply and favorable news. In terms of supply, the start-up load of MTBE plant began to drop to a relatively low level in mid October, until the overall start-up load of MTBE plant rose to a relatively high level of 59% in mid November. In terms of demand, the international crude oil is in an upward trend of shock. The price of domestic refined oil has been adjusted for two consecutive rises. The gasoline and diesel prices have risen by 175 yuan and 170 yuan / ton respectively, which has certain support for the domestic oil market atmosphere.
| Sulfamic acid |
III. future forecast
According to MTBE product analyst of energy branch of business news agency, the international crude oil price is relatively high, with weak growth, the gasoline market price lacks demand support, and the MTBE market price lacks momentum for growth. It is expected that the domestic MTBE market price will fall steadily in December.
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