Price Trend

Business Club: MTBE market prices continued to soar this week (September 2-9)

The MTBE price this weekend was 6333 yuan/ton, up 5.26% from the previous week, according to business association data.

II. Market Analysis

Products: This week, domestic MTBE market prices continued to soar, international crude oil prices bottomed out and rebounded, rising for several days, the overall demand for gasoline market prices rose, and domestic gasoline and diesel prices increased by 115 yuan and 105 yuan per ton at 24:00 on September 3, respectively. Domestic MTBE market prices jumped 5.26% this week.

Industry chain: International crude oil prices have risen for four consecutive days this week. At present, WTI crude oil has reached the $57/barrel threshold. The weekly price of WTI crude oil futures has risen by 2.18%, and the price of gasoline has risen by 0.99% this week.

MTBE market: China has entered the peak period of Jinjiu gasoline consumption, and the Mid-Autumn Festival and National Day travel demand support gasoline market consumption. In August, China’s gasoline inventory rate was 42.77%, down 2.71% compared with the previous month. Refinery gasoline orders increased significantly, so the increase of gasoline raw materials was obvious, while domestic MTBE supply was still tight, June-August. MTBE overall start-up rate maintained at about 48%, the market supply declined significantly, MTBE manufacturers shipped smoothly, prices continued to rise. At the same time, the pre-production of alkylation manufacturers reduced, resulting in the current tight market supply of alkylated oil, domestic alkylated oil continued to rise.

3. Future Market Forecast

Analysts of MTBE products of Business Society Energy Branch believe that international oil prices are likely to continue to rise next week. Domestic gasoline market is in the golden ninth peak season, coupled with the Mid-Autumn Festival and National Day travel demand, and MTBE market prices are expected to continue to rise next week.