Affected by the low crude oil market and sluggish demand, the domestic MTBE market in August was adjusted at a low level. According to the data of business agency, the MTBE price at the beginning of the month was 7410 yuan / ton, and the MTBE market price at the end of the month was 7530 yuan / ton. The price increased by 1.87% within the month, with a maximum amplitude of 6.58%, up 30.28% year-on-year.
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Trend chart of the average price of domestic MTBE manufacturers in Shandong in August 2022:
According to the price monitoring of the business community, in the list of bulk commodity prices in August 2022, there were 9 kinds of commodities in the energy sector that increased month on month, of which 5 kinds increased by more than 5%, accounting for 38.5% of the monitored commodities in this sector; The top three commodities with growth rates were diesel (12.09%), gasoline (10.91%) and dimethyl ether (7.04%). There were 4 commodities with a month on month decline, and 3 commodities with a decline of more than 5%, accounting for 23.1% of the monitored commodities in this sector; The products with the top three declines were liquefied natural gas (- 9.63%), WTI crude oil (- 7.08%) and Brent crude oil (- 5.90%). The average increase / decrease this month was 1.84%.
At the beginning of September, the MTBE market rose first and then fell. Crude oil rose and fell, and the market mentality fluctuated with it. With the price rising to a high level, the enthusiasm of downstream receiving goods has weakened, and the crude oil has plummeted again, the market is mostly waiting and waiting, and the price has entered a downward adjustment again.
In the middle of September, the MTBE market continued to decline, but by a small margin, with a drop of 150-300 yuan / ton. The trend of crude oil is unstable, the market is watching closely, the demand is weak, the supply of low-cost goods hits the market, the sales of merchants are poor, and the price has entered a downward adjustment.
At the end of September, the MTBE market rose first and then fell, and the overall fluctuation was upward. At the beginning of this week, the price of gasoline continued to rise, and the purchase enthusiasm of downstream and traders was high. In addition, some merchants were reluctant to sell, and the market continued to rise. However, as the favorable support was exhausted, the market sales turned weak, and the quotations of manufacturers fell back in a narrow range, ranging from 50 to 150 yuan / ton, the market atmosphere was volatile.
At the end of the month, the MTBE market declined first and then rose, and the overall decline was still around 50-100 yuan / ton. Affected by external bad news and weak demand, the sales of merchants are poor. With the continuous rise of crude oil and the gradual rise of gasoline prices, and the negotiation of export orders, the atmosphere of MTBE market has improved, and the quotation is gradually exploring.
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In terms of external market, as of the closing on September 1, the closing price of Asian MTBE market decreased by 38.50 US dollars per ton compared with the previous trading day, and FOB Singapore closed at 885.86-887.86 US dollars per ton. The closing price of the European MTBE market decreased by 27.50 US dollars per ton compared with the previous trading day, and the FOB ara closed at 1067.99-1068.49 US dollars per ton. The closing price of us MTBE market decreased by 16.16 US dollars / ton compared with the previous trading day, and the FOB Gulf FOB price closed at 1041.84-1042.2 US dollars / ton (293.48-293.58 US cents / gallon).
Region, country, closing price, up and down
Asia, FOB Singapore, 885.86-887.86 USD / T, – 38.5 USD / T
Europe, FOB Ara., 1067.99-1068.49 USD / ton, – 27.50 yuan / ton
Us, FOB Gulf, 1041.84-1042.2 USD / T, – 16.16 USD / T
With the arrival of the traditional peak season, the demand for replenishment in the market is gradually increasing. Analysts of business agency MTBE believe that in the short term, the domestic MTBE market may fluctuate and rise.
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