According to the price monitoring of the business agency, the domestic spandex market showed a slight decline trend in June. As of June 30, the average price of spandex 40d specifications was 31500 yuan / ton, down 1.25% compared with the beginning of the month, and 3.08% lower than that at the beginning of the month. At the same time, it is also at a low level in recent three years, down 19.44% from June 30, 2017.

Current mainstream price statistics of spandex market (unit: yuan / ton)

20D 30D 40D

Zhejiang 35000-36000 34000-35000 28500-29500

Shandong 36000-37000 34500-35500 29000-29500

Fujian 37000-38000 34500-35500 28500-29500

Jiangsu 35000-36000 34000-35000 29500-31500

At present, more than 80% of the spandex industry has been started, sticking to the high position and abundant supply from manufacturers. The support performance of the cost side is general, the demand follow-up of the downstream terminal market is weak, and the overall market observation atmosphere is not reduced. At present, the reference for 20d spandex mainstream negotiation in Jiangsu and Zhejiang provinces is 35000-36000 yuan / ton; for 30d spandex, it is 34000-35000 yuan / ton; for 40d spandex, it is 28500-29500 yuan / ton, and the actual transaction is discussed in detail.

Summary of production and sales trends of domestic PTMEG manufacturers

Remarks on production capacity (10000 tons / year)

Shanxi 3D 5 parking, no restart plan

Sinopec Great Wall energy chemical 9.2 unit load is not high

Henan Nenghua 6 parking

The load of Xinjiang Meike 5 unit is not high

The load of Tunhe 4.6 unit in Lanshan, Xinjiang is not high

In the raw material market, the domestic PTMEG market continued to be weak. In terms of price, the mainstream quotation of 1800 molecular weight goods source was 14000-15000 yuan / ton, and the actual order negotiation was 13800-14500 yuan / ton. The factory’s willingness to make profit was limited, and the shipment was mainly discussed according to the bill. In terms of devices, the PTMEG industry started more than 50% of the start-up, and the start-up was cautious. There was no plan to restart the 50000 ton units in Shanxi sanwei and 60000 tons in Henan Nenghua. Sinopec Great Wall energy and chemical industry 92000 tons, Xinjiang Meike 50000 tons, Xinjiang Lanshan Tunhe 46000 tons, the load is not high. In May 2020, the export volume was 430.91 tons, with a year-on-year decrease of 72.31%, and the import volume was 3752.2 tons, with a year-on-year decrease of 2.95%.

Statistics of import and export volume of PTMEG in May 2020

May export volume (ton) export volume month on month export volume year on year export amount (USD) export average price (USD / T) month on month export average price year on year export volume (ton) cumulative export volume year on year

430.91 -28.79% -72.31% 751171 1743.23 -10.20% -18.23% 4589.14 -9.24%

May import volume (ton) import volume month on month comparison import volume year on year import amount (US dollar) average import price (USD / ton) month on month import average price year on year import volume (ton) cumulative import volume year on year

3752.2 -14.33% -2.95% 8059196 2147.86 3.28% -2.07% 20805.5 -5.65%

In addition, the spot supply in the pure MDI market was not very loose in the first ten days of June. In addition, the short-term shutdown of individual devices and the delay of device restart stimulated the willingness of the factories to support the market, and the offer remained high. However, the downstream just needed to enter the market, and the trading center slowly moved up. Since the middle of the year, the improvement of the demand side is limited, and the trading volume is weak. Just in need of a proper amount of replenishment, the factory continues to discuss the shipment, and the center of gravity falls accordingly.

Market price change of pure MDI in June (unit: yuan / ton)

Region: June 1 – June 15 – June 29

South China 13500-14500 14000-14500 13700-14200

North China 13800-14500 14000-14500 13600-13900

East China 13500-14500 14000-14500 13500-13800

The downstream textile terminal market is characterized by obvious off-season characteristics, and mainly focuses on rigid demand procurement. In Zhejiang Province, the start-up level of Xiaoshao is generally stable, the level of round knitting machine and wrapping yarn market is 40-60%, the order of end customers in Zhuji, Yiwu is average, and the starting level of wrapping yarn market is 50-70%. In Jiangsu Province, Changshu circular knitting machine market started at a low level, with the overall starting level maintained at 30-40%, while Zhangjiagang’s wrapping yarn market started generally, with the overall starting level maintained at 50-60%; Fujian’s market started cautiously, with lace at 30-40% and warp knitting at about 50-60%; Guangdong’s orders were flat, and the round machine and warp knitting market started at 50-70%.

Business agency analysts believe that the market trend of spandex has been weak since the middle and late April of this year. At present, the production of spandex manufacturers is still at a high level. Although they are actively shipping, they are suffering from the downstream demand, the terminal customers are not cautious enough to take the goods, and the overall market just needs to transact business. At the same time, the performance of the cost side is generally, and there is no good support in the upstream and downstream. It is expected that the spandex market will remain mainly volatile and downward in July.

The upstream fluorite and hydrofluoric acid prices rose slightly, which stimulated the price rise of aluminum fluoride. Some aluminum fluoride manufacturers raised the export price of aluminum fluoride by 1000 yuan / ton. According to business agency data, the domestic price of aluminum fluoride on June 30 was 8833.33 yuan / ton, up 3.92% from June 21.

The spot supply of fluorite in China is a little tight, and some manufacturers have obvious intention to raise the price. Domestic hydrofluoric acid spot supply is normal, hydrofluoric acid on-site device operation is stable, hydrofluoric acid market price rose slightly. However, some manufacturers reported that hydrofluoric acid still exists in the cracks, and some manufacturers still have losses.

However, some domestic electrolytic aluminum production capacity has not fully recovered since the end of March. Downstream demand did not improve, aluminum fluoride market continued to perform weak.

Aluminum fluoride analysts believe that: upstream fluorite, hydrofluoric acid market prices appear upward trend, aluminum fluoride prices or follow the upward trend.

1、 Price trend of propylene oxide

(Figure: P value curve of propylene oxide product)

2、 Market analysis

As of June 28, the average price quoted by propylene oxide enterprises was 10100 yuan / ton, up 13.06% compared with June 1 (8933.33 yuan / ton) and 7.83% higher than that of the same period last year, according to the data of the bulk list of business associations.

In the first half of June, the average quotation price of propylene oxide enterprises on the first half of June was 8933.33 yuan / ton. Due to the rise of raw material price and the support of new downstream orders, the price of propylene oxide stopped falling and began to rise. The cost support was strong, the factory inventory was not under pressure, and there was rigid replenishment demand in the downstream. On the 5th day, the price rose to 9166.67 yuan / ton, with an increase of 2.61% in the week. On August 8, the average quoted price of propylene oxide enterprises was 9400 yuan / T, and the raw material propylene market declined slightly. However, some propylene oxide manufacturers decreased the burden and the on-site supply decreased. Under the fear of rising downstream, new orders were added and the supply side supported the manufacturers to support the market. As the price of raw propylene continued to decline, there was no inventory pressure in the propylene oxide plant for the time being, and some units were planned to be overhauled After the daily price rose to 9800 yuan / ton, it remained stable from 12 to 15 days. The lower reaches were resistant to high price raw materials, and the wait-and-see attitude was strengthened, with an increase of 9.70% in half a month.

In the second half of June, the average quotation price of propylene oxide enterprises was 9800 yuan / ton on June 16, and the supply decreased to support the manufacturers’ market mentality. The downstream follow-up was general, and the standstill was arranged. The upstream raw material prices rose, the cost support was strengthened, and the downstream purchasing enthusiasm became weak. However, there was no inventory pressure for the propylene oxide manufacturers. After the price of propylene oxide rose to 10000 yuan / ton, the price remained stable on the 19th Main, up 2.04% in the week. On the 22nd, the average price quoted by oxypropane enterprises was 10000 yuan / ton. The propylene oxide manufacturers had no pressure to ship for the time being. The mentality of price support remained. The enthusiasm of the downstream to pursue the rise was general. Before the festival, there was a small amount of replenishment demand. On the 23rd, the market price of propylene oxide rose slightly to 10100 yuan / T. on the 24th, the market trading rhythm slowed down, the manufacturers stood firm and the price was temporarily stable. On the 28th, the price of raw material propylene was stable The average price of propylene oxide enterprises is 10100 yuan / ton, which is 3.06% higher than that on June 16.

On June 28, the market price of upstream propylene in Shandong area rebounded slightly. According to the price of business agency, Shandong propylene market increased by about 250 yuan / ton in a week at the beginning of June, and there was an obvious correction in the price in the middle of June, with a cumulative decrease of 350 yuan / ton in the seven days of the second week. From June 14 in the middle of the month, the price stopped falling again and rose again. Last Friday, June 19, the price had risen 350-450 yuan / ton. The price remained stable at the weekend, falling about 250 yuan / ton from the 22nd to the 26th. After the Dragon Boat Festival holiday, the price rose again from the 27th. Today, it continued to rise by 50 yuan / ton. Now the market transaction is between 6730 and 7000 yuan / ton, and the mainstream price is about 6750 yuan / ton. Propylene manufacturers are now under reduced inventory pressure, some units are out of service, crude oil prices have risen slightly, and the purchasing enthusiasm of downstream market has slightly increased. It is expected that propylene prices will rise slightly in recent days, which will have a certain positive support for propylene oxide.

According to the price monitoring data of business agency, as of June 28, the reference average price of domestic n-propanol with packaging in mainstream areas was around 11900 yuan / ton, which was 6.57% higher than that on June 1. As of June 28, the downstream soft foam polyether was in a standstill, and the price of raw material propylene oxide was temporarily stable, and the cost side was under pressure. However, the downstream gas purchase was cold and the wait-and-see atmosphere was strong, and the follow-up of new orders in the market was limited.

3、 Future forecast

In the near future, propylene oxide prices will be stable, but analysts are still expected to keep a firm mind on propylene oxide prices in the near future Market transactions.

From June 21 to 28, propane (Shandong) market fell first and then stabilized. On June 21, the average price of propane market was 2905.00 yuan / ton, and on June 28, the average price was 2870.00 yuan / ton, with a period range of 1.2%. The price was 3.53% lower than that at the beginning of the month (June 1).

Regional specification enterprises rose and fell from June 21 to June 28

Shandong propane,% (V / V) not less than: 95 HSBC Petrochemical 2940 yuan / ton 2880 yuan / ton-60

Shandong propane,% (V / V) not less than: 95 Hualian Petrochemical 2850 yuan / ton 2800 yuan / ton-50

Shandong propane,% (V / V) no less than: 95 Hengyuan petrochemical, 2980 yuan / ton, 2950 yuan / ton-30

Shandong propane,% (V / V) no less than: 95 haiyoupetrochemical, 2900 yuan / ton, 2850 yuan / ton-50

Shandong propane,% (V / V) not less than: 95 Binzhou Dayou 2850 yuan / ton 2800 yuan / ton-50

Propane is weak this week, with Shandong market falling first and then stabilizing. In June, the weather was hot, propane entered the traditional off-season, the demand of the terminal market fell sharply, the downstream mentality was cautious, the majority of consumption inventory, the manufacturer’s delivery situation was poor, the inventory had accumulated, and the price was forced to be lowered at the beginning of the week to stimulate the delivery. At present, the output of manufacturers is relatively stable and the market supply is relatively sufficient. At present, the profit of imported propane is hanging upside down. In order to reduce the inventory, the port has partial profit giving operation.

In the later part of the week, near the Dragon Boat Festival holiday, the price of propane fell to a relatively low level, there was replenishment operation in the downstream before the festival, the trading atmosphere in the market improved, and the trend of international crude oil was good. The overall rise in the week brought certain benefits to the market, and the market in Shandong recovered. On the demand side, the current high temperature season is still an important factor in constraining the propane Market. The temperature is high, the terminal market demand is reduced, the downstream replenishment cycle is lengthened, the market transaction atmosphere is general, and the civil market of liquefied gas is in weak operation, which plays a certain role in suppressing the propane Market. There are few favorable factors in the propane Market and it is difficult to rise.

In the international market, Saudi Aramco announced in June CP that the rise and fall of butane were mutual, while propane rose $10 / ton, which boosted the market.

During the Dragon Boat Festival, Shandong’s propane market remained stable on a large scale, with only a few minor adjustments. During the period, crude oil rebounded slightly after a wide fall, with a negative market mentality and a more cautious downstream mentality, with a more wait-and-see focus, and the market trading atmosphere turned weak again. At present, propane is strongly affected by seasonal factors, so it is difficult to improve its weakness in the short term, and it is expected that it will be easy to fall and difficult to rise in the future.

1、 Price trend

Take the rutile titanium dioxide produced by sulfuric acid process, which has a large volume of goods in the domestic market, as an example. According to the data in the bulk list of the business agency, the price of titanium dioxide is stable this week, with an average price of 13866.67 yuan / ton.

2、 Market analysis

As a whole, the comprehensive operating rate in the late June is higher than that in the early stage. Affected by the price reduction in the early stage, the stock orders of dealers and end users are gradually increasing, and the inventory pressure of manufacturers is expected to ease. At present, the price of titanium dioxide is mainly stable operation. The factory price of domestic rutile titanium dioxide is 12000-14500 yuan / ton, that of anatase titanium dioxide is 10300-11800 yuan / ton, and that of chlorination titanium dioxide is 15500-20000 yuan / ton. With the control of the epidemic situation in various countries, the price of titanium dioxide has little room to decline.

In terms of raw materials, the price of titanium concentrate in Panxi region is stable this week, and some small and medium-sized manufacturers have made a correction under the cost pressure. At present, the price of 38 grade titanium ore excluding tax is 760-800 yuan / ton, that of small and medium-sized miners 46 grade, 10 grade titanium ore excluding tax is 1170-1230 yuan / ton, that of Pangang 46 grade 10 ore is 1350 yuan / ton, and that of 47 grade 20 ore is 1350 yuan / ton. Although the price of titanium dioxide in the downstream continues to be low, due to the increase of raw ore cost and the pressure of medium ore cost, the price of medium ore is firm and rigid, and the low price of titanium ore is reduced. In the short term, the real single price of titanium concentrate is mainly rigid and single.

3、 Future forecast

According to the titanium dioxide analyst of the business agency, at present, the demand for titanium dioxide has increased, foreign trade transactions have gradually recovered, and domestic trade channels and end users are actively stocking up. In the short term, in the case of improved demand, the manufacturer intends to hold up the price operation, and there is very limited space for further downward movement. The actual transaction price is mainly a single negotiation.

According to the price monitoring of the business agency, the domestic spandex market has been declining in the past two months. As of June 23, the average price of 40d specification is 31500 yuan / ton, down 5.41% from April 23, down 3.08% year on year.

Current mainstream price statistics of spandex market (unit: yuan / ton)

20D 30D 40D

Zhejiang 35000-36000 34000-35000 28500-29500

Shandong 36000-37000 34500-35500 29000-29500

Fujian 37000-38000 34500-35500 28500-29500

Jiangsu 35000-36000 34000-35000 29500-31500

At present, the operation is weak and stable, the pace of production and marketing is slow, the supply of spandex factory is stable, and 80% of the industry starts to operate at a high level. Cost end support weakened, downstream terminal market just need to take goods carefully, overall market demand follow-up general. In Jiangsu and Zhejiang area, the reference for 20d spandex mainstream negotiation is 35000-36000 yuan / ton; the reference for 30d spandex mainstream negotiation is 34000-35000 yuan / ton; the reference for 40d spandex mainstream negotiation is 28500-29500 yuan / ton, and the actual transaction details are discussed.

Summary of production and marketing trends of domestic PTMEG manufacturers

Remarks on production capacity (10000 tons / year)

Shanxi 3D 5 parking, no restart plan

Sinopec Great Wall energy chemical 9.2 unit load is not high

Henan Nenghua No.6 parking Center

The load of Xinjiang Meike 5 unit is not high

Low load of 4.6 unit in Tunhe, Lanshan, Xinjiang

In the raw material market, the recent domestic PTMEG market continued to be weak, and the factory negotiated the shipment according to the single, and continued to give limited profit space. At present, the main quotation of 1800 molecular weight goods source is 14000-15000 yuan / ton, and the actual single negotiation is 13800-14500 yuan / ton. There is no restart plan for Shanxi sanwei’s 50000 T / a plant. In the process of Henan energy chemical’s 60000 T / a plant shutdown, Shanghai BASF’s 110000 T / a plant has been restarted, and 50% of the industry’s start-up is over, so the start-up is cautious. The pure MDI market is weak, with the quotation of 13600-14200 yuan / ton telegraphic transfer barrel in East China and 13700-14200 yuan / ton telegraphic transfer barrel in North China. Just before the downstream Festival, a limited amount of replenishment was needed, and the progress of delivery and investment was still slow. With the benefit of the carrier, the delivery was negotiated, and the industry started to maintain a low level of about 40%.

In the lower reaches of Zhejiang Province, Xiaoshao area started work steadily, with the starting level of round machine and yarn wrapping market at 40-60%; in Changshu area, the starting level of round machine market was low, with the overall starting level maintained at 3-40%; in Fujian area, the starting level of lace market was general, with the warp knitting Market at about 5-60%; in Guangdong area, the order follow-up was general, with the starting level of round machine and warp knitting Market at 5-70%. With the off-season atmosphere gradually strong, the end customer demand follow-up is not obvious, most are still sporadic small orders, the overall market just needs to take goods weak, the on-site wait-and-see atmosphere is still strong.

According to the latest statistics of the General Administration of Customs of China, in May 2020, China’s textile and clothing exports reached US $29.554 billion, an increase of 38.36% month on month and a year-on-year increase of 24.02%. Among them, the export value of textiles (including textile yarn, fabrics and products) was 20.648 billion US dollars, up 77.34% year on year; the export value of clothing (including clothing and accessories) was 8.905 billion US dollars, down 26.93% year on year. From January to may 2020, China’s cumulative exports of textiles and clothing amounted to US $97.965 billion, a year-on-year decrease of 0.80%, of which the cumulative exports of textiles amounted to US $59.751.7 billion, a year-on-year increase of 21.30%; the cumulative exports of clothing amounted to US $38.231 billion, a year-on-year decrease of 22.80%.

Business analysts believe that the current raw material market continues to be weak, and the cost side support is weakened. Spandex manufacturers keep normal operation, coupled with the early inventory backlog, the overall market supply is abundant, in addition, the textile industry is in the off-season, the demand for spandex has decreased. The weak cost, weak demand and double negative pressure make the spandex market appear a weak downward trend and a bearish attitude towards the future market. It is expected that the market will maintain a weak and stable operation in the short term.

Price trend:

According to the data monitoring of the business agency, the acetic anhydride market has been stable after the recent price drop. As of June 22, the average price of acetic anhydride enterprises was 5300.00 yuan / ton, down 2.30% from 5425.00 yuan / ton at the beginning of last week, and up 7.07% from the same period last year.

Acetic acid price trend:

As can be seen from the trend chart of acetic acid price, the recent rebound of acetic acid price after bottoming has maintained stability, and the price of acetic acid last week was stable. After June 15, the price of acetic acid remained stable, the price of raw materials of acetic anhydride remained stable, the cost of acetic anhydride remained stable, and the downward pressure of acetic anhydride weakened and the upward momentum increased.

Methanol price trend:

 
From the methanol price trend chart, it can be seen that in June, the methanol price rose first and then fell. After the middle of the year, the methanol market fluctuated and fell, the cost of acetic anhydride fell, and the acetic anhydride market was negative.

Acetic anhydride Market:

The ex factory quotation of acetic anhydride manufacturer is about 5300 yuan / ton, and the price of acetic anhydride is stable. Wang Long Group acetic anhydride equipment started low, less shipments, acetic anhydride up momentum.

Market Overview:

In terms of the production and marketing market of acetic anhydride enterprises, the price of raw materials of acetic anhydride has recently fallen, the cost of acetic anhydride has fallen, and the pressure on the market of acetic anhydride has been great; Wanglong group’s acetic anhydride equipment started at a low level, the shipment of acetic anhydride has decreased, and the power for the rise of acetic anhydride has increased. In general, the production cost of acetic anhydride decreased, the shipment of acetic anhydride enterprises decreased, the sales volume of acetic anhydride decreased, the market of acetic anhydride was good and bad, and the market of acetic anhydride remained stable.

According to the monitoring of bulk data from the business agency, this week (6.15-6.19) East China ethyl acetate Market was in a weak and stable operation, with the average price of 5370 yuan / ton in the week, down 2.59% from the same period last month.

This week, the domestic ethyl acetate Market was in a weak and stable operation. The overall industry started steadily and the spot supply was sufficient. Due to the cautious buying in the downstream market, the demand for ethyl acetate was reduced, the inventory of enterprises was accumulated passively, and the competitive sales among enterprises were conducted. In addition, the delivery schedule of goods in South China market was increased, and the situation of market supply exceeding demand was gradually intensified.

In terms of raw materials, acetic acid is stable and soft. With the recovery of normal production, the market supply is expected to increase. In addition, in the early stage, downstream and middlemen are short of acetic acid, resulting in less market transactions. It is expected that the acetic acid market will decline in a weak way. In terms of ethanol, large factories in Northeast China ordered goods, with low inventory, strong raw material corn, high production cost and stable ex factory price. Enterprises in North China and East China suffered from poor terminal demand, and their quotations weakened.

On the international side, the supply and demand of international ethyl acetate are weak. Affected by the decline of raw material acetic acid, the price of ethyl acetate continues to decline, with European ports at about 800 US dollars / ton and North American ports at about 650 US dollars / ton.

According to analysts of ethyl acetate of business association, at present, the downstream market demand is poor, the market trading is soft, and the rigid demand is insufficient. With the weakening of raw material acetic acid, the short-term bear mentality of ethyl acetate is intensified, and it is expected to run in a weak way in the short term.

1、 Price trend

The ex factory price of urea in Shandong Province rose slightly this week, from 1656.67 yuan / ton at the beginning of the week to 1680.00 yuan / ton at the end of the week, an increase of 1.41%, down 11.89% year-on-year from the same period last year. Overall, the urea market rose slightly this week, with the urea commodity index at 78.14 on June 12.

2、 Market analysis

From the manufacturer’s quotation, the mainstream urea factory price in Shandong Province rose slightly this week. The quotation of Yangmei plain urea this weekend is 1680 yuan / ton, which is 50 yuan / ton higher than that at the beginning of the week; Shandong Ruixing urea this weekend is 1660 yuan / ton, which is 10 yuan / ton higher than that at the beginning of the week; Mingshui chemical urea this weekend is 1700 yuan / ton, which is 10 yuan / ton higher than that at the beginning of the week.

From the perspective of market demand, at present, the wheat harvest season in North China and central China has come to the end, with a slight decline in agricultural demand and weak enthusiasm for goods preparation; in terms of industrial demand, the procurement of downstream compound fertilizer and plate enterprises is more cautious, with more on-demand procurement, on-demand use and moderate follow-up. Supply side: Recently, the start-up of urea enterprises still fell slightly, and the market supply is relatively sufficient. The short-term urea market is expected to fluctuate slightly.

From the perspective of upstream and downstream industrial chain: the urea upstream products in this week have increased slightly as a whole: the price of natural gas has increased slightly, with the quotation rising 0.54% from 2490.00 yuan / ton at the beginning of the week to 2503.33 yuan / ton at the end of the week, down 27.51% compared with the same period of last year; the price of liquid ammonia in this week is temporarily stable, with the quotation of 3083.33 yuan / ton, down 6.19% compared with the same period of last year, and the urea cost in this week as a whole Strong support. This week, the price of melamine in the downstream of urea was temporarily stable, with a price of 5066.67 yuan / ton. The downstream rubber plate factory has a general enthusiasm for urea procurement, which has a negative impact on the price of urea.

3、 Future forecast

In the middle of June, the urea market in Shandong Province may fluctuate slightly. Urea analysts of business club believe that at present, agricultural demand has declined slightly, and downstream industry has general enthusiasm for urea procurement. It is expected that the short-term urea market will fluctuate slightly and fall mainly.

This week, the international oil price surged and fell. The domestic gasoline price rose and then fell, leading the MTBE price to rise and then fell back. According to the data of business agency, the MTBE price this weekend was 3883 yuan / ton, 5.43% higher than the previous week’s price.

On June 7, at the OPEC + ministerial video conference, OPEC agreed to extend its measures to reduce production by 9.7 million barrels per day for one month until the end of July. WTI crude oil and Brent crude oil prices in the United States topped $40 / barrel and $43 / barrel respectively. In the middle of the week, there is a growing concern that the outbreak will give a second strike to crude oil. Meanwhile, as of the week of June 5, the U.S. crude oil inventory unexpectedly increased by 5.7 million barrels, to a record high of 538 million barrels, and the international oil price dropped.

At the beginning of the week, there was a strong positive signal from crude oil. Downstream customers were willing to purchase, MTBE manufacturers delivered goods smoothly, and the market price kept rising. However, in the medium term, the international oil price surged and fell, the purchase willingness of the middle and downstream was weakened, the gasoline delivery performance of refineries was poor, and the transaction atmosphere of MTBE market was also weakened. MTBE manufacturers in Shandong took the lead in opening the price reduction promotion mode, and domestic MTBE prices were opened Correction trend.

Lu Xingjun, an analyst with business news agency, believes that in the short term, international oil prices are facing downward pressure, domestic demand for refined oil is weakening, refinery inventory is rising, and MTBE has not yet been put back in place. It is expected that the domestic MTBE price will be reduced by 200-300 yuan / ton next week.