Multiple positive, MTBE market prices continue to rise, has been up for three consecutive days. According to the data of the SunSirs, as of April 14, the price of MTBE was 6,166 RMB/ton, with a month-on-month increase of 7.81% and a year-on-year increase of 77.03%.
Crude oil up slightly, coupled with gasoline prices rose 100-130 RMB/ton, give MTBE market a certain power, coupled with the limited spot resources in Shandong region, some factories reluctant to sell, the price continues to rise 100 RMB/ton or so, the mainstream closed 6150 RMB/ton.
The outer side, As of the close of trading on April 13th,U.S. FOB Gulf closed at $745.57- $745.93 a ton, up $3.80 a ton, Europe FOB Ara closed at $687-687.5 a ton, up $4.75 a ton, and Asia FOB Singapore closed at $702-704 a ton, up $4 a ton.
The recent trend of gasoline is good, coupled with limited spot in some areas, merchants still want to bullish, but the recent rise is too fast, downstream may be difficult to accept. According to MTBE analysts of SunSirs, In the short term domestic MTBE market will sideways.
