Crude oil plummeted, bad market mentality. The downstream demand is gentle, and the merchants keep shipping. According to the data of SunSirs, as of May 14, the price of MTBE was 5926 RMB/ton, with a month on month decrease of 3.89% and a year-on-year increase of 71.19%. MTBE market is mainly held to, with limited volatility. Crude oil stopped rising and falling, and the market mentality was weak, and the gasoline market was generally sold, and the demand for raw materials was flat. Although the main refineries in Shandong are overhauled, the demand in the area is general and the market is not easy to rise or fall. In the southern market, recently, the imported goods have come to Hong Kong one after another, and the supply is relatively abundant, but the demand is flat, and the merchants are slow in shipping.
In terms of external market, as of May 14, the FOB Gulf price of the United States closed at 787.78-788.14 US dollars/ton, up 5.36 US dollars/ton, the FOB ara of Europe closed at 732.5-733 US dollars/ton, down 3.5 US dollars/ton, and the FOB Singapore of Asia closed at 691-693 us dollars/ton, down 41 US dollars/ton.
In the near future, it is difficult to change the flat demand situation, and the market will continue to be in the transition of consolidation. Business community MTBE analysts believe that the domestic MTBE market will be stable in the short term.
