The growth of commercial crude oil stocks in the United States, coupled with the severe epidemic situation in some countries, led to a sharp drop in international oil prices. In addition, the downstream demand is low for several days, and the sales pressure of businesses is increasing, so they have no choice but to open the window of downward adjustment. According to business news agency data, as of May 20, the price of MTBE was 5956 yuan / ton, down 2.39% month on month and up 65.46% year on year.
The market price of MTBE is about 50-150 yuan / ton today. Crude oil has stopped rising and falling, but the market mentality is bad. In addition, gasoline market sales are general, and the demand for raw materials is flat. Although the main refineries in Shandong are overhauled, the demand in the area is general and the market is not easy to rise or fall. In the southern market, recently, the imported goods have come to Hong Kong one after another, and the supply is relatively abundant, but the demand is flat, and the merchants are slow in shipping.
In terms of external market, as of May 20, the FOB Gulf price of the United States closed at US $788.63-788.99/t, down by US $20.91/t, the FOB ara price of Europe closed at US $720-720.5/t, down by US $24 / T, and the FOB Singapore price of Asia closed at US $725-727 / t, down by US $6 / T.
region ., Country. Closing price. Up and down
Asia FOB Singapore 725-727 USD / T – US $6 / T
U.S.A FOB Bay 788.63-788.99 USD / T – US $20.91/t
Europe FOB ARA 720-720.5 USD / T – US $24 / T
In the near future, it is difficult to change the flat demand situation, and the market will continue to be in the transition of consolidation. Business community MTBE analysts believe that the domestic MTBE market in the short term mainly narrow consolidation.
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