1、 Price trend
Business agency: the market price of MTBE fell sharply in March
| ferric sulfate (Poly ferric sulphate) |
According to the data of the business agency, the market price of MTBE fell sharply in March. At the end of March, the price of MTBE was 3450 yuan / ton, down 22.18% from 4433 yuan / ton at the beginning of the month.
2、 Market analysis
Products: in March, the price of international crude oil fell sharply, the demand of gasoline market was limited, and the price of domestic gasoline market fell by 19.16% in March. In March, the price of MTBE market went down all the way, with a slight rebound at the end of the month.
Industry chain: in March, Saudi Arabia and Russia announced production increase one after another, and the overseas epidemic spread. The international oil price fell sharply, and the demand of the refined oil market was not strong. The price of the refined oil market followed the crude oil price all the way down.
| povidone Iodine |
Market: in the first ten days of March, the price of international crude oil market keeps falling, the price of gasoline keeps falling, the end consumption of gasoline is still not fully recovered, at the same time, the domestic supply capacity is very abundant, and the price of domestic MTBE market keeps falling. In the late ten days, international oil price rebounded slightly, gasoline production increased further, MTBE just needed to recover gradually, but at the end of the month, the international crude oil price fell again to the low level of $20 / barrel, the trading sentiment in the gasoline market turned into a downturn, MTBE looked down after the market, and the market price fell back. In the late ten days, domestic MTBE market prices rebounded slightly, but the overall trend in March was still declining.
3、 Future forecast
According to MTBE product analyst of energy branch of business news agency, international oil price continues to decline, MTBE price falls to a historical low since the monitoring of business news agency, in addition to refinery resumption and gasoline production increase, it is expected that MTBE market price will continue to decline with limited space.
| EDTA |