After the National Day holiday, the MTBE market rose by a narrow margin. However, with the low price shock of crude oil and the sluggish demand for gasoline and diesel, the MTBE market turned upside down and went down unilaterally. By the end of the month, although there was a slight recovery, the overall market was still lower. According to the data of the business community, the MTBE price at the beginning of the month was 7250 yuan/ton, and the MTBE market price at the end of the month was 6940 yuan/ton. The price fell 4.28% within the month, with the maximum amplitude of 7.52%, down 5.35% year on year.

At the beginning of this month, crude oil once again opened a downward channel, the market became pessimistic again, the downstream demand gradually weakened, and with some inventories accumulated during the festival, businesses were willing to destock, and the MTBE market price once again entered a downward adjustment

In the middle of this month, the trend of international oil prices continued to decline, the gasoline market also continued to fall, and the downstream demand for raw materials weakened. In addition, the market supply is relatively abundant, and the market supply exceeds the demand. The sales of merchants are blocked, and the domestic MTBE market continues to decline.

At the end of this month, the MTBE market continued to decline by about 50-100 yuan/ton. The low level of international oil prices shocks the domestic market mentality.

In terms of external market, as of the closing on October 27, the closing price of the Asian MTBE market had risen by 44 dollars/ton compared with the previous trading day, and FOB Singapore closed at 910.99-912.99 dollars/ton. The closing price of European MTBE market decreased by 12.75 dollars/ton compared with the previous trading day, and FOB ARA closed at 1102.49-1102.99 dollars/ton. The closing price of the US MTBE market rose by 22.69 US dollars/ton compared with the previous trading day, and the FOB Gulf price closed at 1221.55-1221.9 US dollars/ton (344.10-344.20 US cents/gallon).

Region/. country., closing price/. rise and fall

Asia/. FOB Singapore/. 910.99-912.99 USD/ton/. 44 USD/ton

Europe/./ FOB ARA/. 1102.49-1102.99 USD/ton/. -12.75 yuan/ton

US/. FOB Gulf/. 1221.55-1221.9 US dollars/ton/. 22.69 US dollars/ton

Recently, the price has rebounded slightly after falling to a low level, and the market demand has increased, but there will be no significant change. MTBE analysts from the business agency believe that in the short term, the domestic MTBE market situation may be low.