1、 Price trend
Business agency: MTBE market price fell slightly this week (January 6-11)
| Thiourea dioxide |
The price of MTBE at the end of this week was 5466 yuan / ton, down 1.5% from the previous week’s price, according to the data of business agency.
2、 Market analysis
Products: both the international oil price and the gasoline market price have declined, MTBE manufacturers have increased the task of warehouse arrangement before the festival, and the MTBE market price has declined slightly.
Industry chain: this week, international crude oil continued to fall. At present, it is estimated that the price adjustment of domestic refined oil on January 14 will be increased by 60 yuan / ton, but the price adjustment of refined oil is more likely to be stranded, and the market of refined oil will fall slightly. Domestic MTBE prices fell slightly by 1.5% this week.
| Thiourea |
MTBE Market: on January 8, Trump’s speech on the US Iraq issue eased the international situation, accelerated the downward collapse of oil prices, while the domestic gasoline demand did not substantially improve, MTBE just needed insufficient support, and the price of MTBE manufacturers began to decline near the weekend under the difficulty of shipping. Alkylated oil is also discharged before the festival, so as to make profits go down.
3、 Future forecast
According to MTBE product analyst of energy branch of business agency, the bullish mood of gasoline market is not high at present. Although the demand for gasoline market may be improved during the Spring Festival holiday, and MTBE manufacturers are mainly in the inventory before the festival, so they are not willing to hold the price. MTBE market price is expected to remain stable next week.
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