The international crude oil price fell under pressure. On September 4, the domestic refined oil price adjustment ran aground, the gasoline market price rose steadily, the MTBE market purchase intention increased before the festival, and the market price rose slightly. The price of MTBE on September 4 was 3773 yuan / ton, up 1.07% from the beginning of the week, according to business agency data.
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At present, there is less rainfall and sunny weather in most areas of China, and residents’ driving trips are increasing, and gasoline consumption is better. In addition, with the advent of the “golden nine” demand peak season, the MTBE market’s intention to prepare goods increased, the overall shipment of MTBE manufacturers was relatively smooth, the inventory decreased effectively, and the enthusiasm of MTBE manufacturers to push up was increased.
Analysts of MTBE products of energy branch of business agency believe that: crude oil prices will continue to fall under pressure in the short and medium term; with the arrival of the traditional peak season of gold, silver and ten, gasoline demand will increase, which is good for MTBE market prices, and it is expected that domestic MTBE market prices will continue to rise in the short term.
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