Price Trend
According to data from business associations, MTBE’s price this weekend was 4533 yuan/ton, which was flat compared with the previous week’s price.
| poly gamma glutamic acid |
II. Market Analysis
Products: Gasoline market prices continue to fall, the market turnover is general, domestic MTBE prices remain stable during this cycle.
| Polyglutamic acid |
Industry Chain: With the decline of international oil prices, market players’bullishness has been strengthened again, the purchasing intention of intermediaries’ raw materials has become more negative, and the overall trading atmosphere of MTBE market has been declining. However, MTBE prices fell by more than 10% in the previous period, and this week MTBE prices were running narrowly.
3. Future Market Forecast
Analysts of MTBE products of Business Society Energy Branch believe that it is still difficult for gasoline market to improve substantially, and the overall market demand for MTBE will remain weak. However, MTBE devices are mostly in a loss state, and there is insufficient room for manufacturers to continue to reduce prices.
| Poly glutamic acid |