Price Trend
Business associations: MTBE market prices fell sharply in May
According to data from business associations, MTBE market prices fell sharply in May. MTBE prices at the end of May were 4850 yuan/ton, down 10.04% from 5391 yuan/ton at the beginning of the month.
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II. Market Analysis
Products: Domestic gasoline market declined for two consecutive months, market turnover showed a weak trend, MTBE market prices fell sharply this month.
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Industry chain: In May, the international oil price fell, the gasoline market declined for two consecutive months, and most of the main domestic units failed to complete their monthly tasks, so they mostly adopted price reduction and promotional measures. MTBE demand is weak, and there are many price-cutting actions. The trading atmosphere of MTBE market is cool. The quotations of MTBE manufacturers in North China are still maintained at 4750-4850 yuan/ton.
3. Future Market Forecast
Analysts of MTBE products of Business Society Energy Branch believe that the price demand of gasoline market in June is not optimistic, and the domestic MTBE market price is expected to remain stable in June.
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