1、 Price trend

Business agency: MTBE market price fell in December

According to the data of business agency, the market price of MTBE fell in December. The price of MTBE at the end of December was 5350 yuan / ton, down 3.89% from 5566 yuan / ton at the beginning of the month.

2、 Market analysis

Product: WTI crude oil market price rose 11.37% in December. Restricted by the weak gasoline demand, the domestic gasoline market price rose only 3.99% in December, but the downstream MTBE market price declined instead of rising.

Industrial chain: since December, the market demand for refined oil has remained low, but in December, the domestic refined oil market will show a pattern of “stranded” and “increased”. In addition, the international crude oil market has risen sharply, which has driven the price of domestic refined oil market up.

Market: domestic gasoline consumption is still in the off-season in December, the stock up before the Spring Festival is still not started, MTBE demand is weak, MTBE manufacturers still take ensuring shipment and reducing inventory as the main task, which is supported by the sharp rise of international oil price at the beginning of the month. In the middle of this month, the market price of MTBE continued to decline under the pressure of weak gasoline and falling alkylation oil. At the same time, the downstream demand of basic chemical oil has not been started, and the price fell slowly in the week, and the delivery was poor. Therefore, the MTBE market price performance this month is far lower than the gasoline market.

3、 Future forecast

According to MTBE product analyst of energy branch of business news agency, the international crude oil market has basically reached the year’s high, and the upward trend has been blocked. However, new year’s day and Spring Festival holidays have come one after another, and the demand for gasoline market may increase. It is expected that the domestic MTBE market price will rise steadily in January.