International oil prices continue to rise, MTBE prices continue to rise

Gasoline demand in the United States has risen to the highest level since the outbreak. Road traffic in the United Kingdom has exceeded the pre epidemic record for the first time. Demand in Europe and the United States is expected to improve in summer, and international oil prices continue to rise. According to the data of business news agency, as of June 2, the price of MTBE was 5876 yuan / ton, with a month on month decrease of 1.51% and a year-on-year increase of 61.00%.

The market of MTBE was stable with a small rise in some parts, with an increase of about 50 yuan / ton. The continued upward trend of international oil prices, coupled with a small rise in gasoline prices, has given some support to the MTBE market.

In terms of external market, as of June 2, the closing price of Asian MTBE market increased by US $1 / T compared with the previous trading day, and FOB Singapore closed at US $718-720 / T. The closing price of MTBE market in Europe increased by US $3 / T compared with the previous trading day, and FOB ara closed at US $759-759.5/t. The closing price of MTBE market in the United States decreased by US $0.89/ton compared with the previous trading day, and FOB Gulf offshore price closed at US $814.37-814.72/ton (229.40-229.50 cents / gallon).

region ., Country. Closing price. Up and down

Asia FOB Singapore US $718-720 / T US $1 / T

U.S.A FOB Bay 814.37-814.72 USD / T – US $0.89/t

Europe FOB ARA US $759-759.5/t US $3 / T

Crude oil continued to rise, supporting the market mentality, but the downstream improvement was limited, and the market continued to rise with insufficient momentum. Business community MTBE analysts believe that in the short term, domestic MTBE market is mainly volatile.

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