According to the Commodity Market Analysis System of the Business Society, the domestic MTBE market fluctuates significantly. From May 1st to 29th, the price of MTBE remained at 7487 yuan/ton, with a flat increase or decrease of% during the cycle, with a maximum amplitude of 5.10% and a year-on-year increase of 0.82%.

At the beginning of the month, after the May Day holiday, international crude oil prices fell broadly. Although multiple MTBE units were shut down for maintenance and resource supply decreased, demand was sluggish and the decline in the MTBE market intensified. In mid month, news was released last weekend that products such as isooctane, which are also used for blending oil, will be subject to consumption tax, promoting production enterprises to significantly increase their factory quotations. At the same time, MTBE saw a significant increase compared to other gasoline raw materials, while gasoline saw limited growth. As news gradually digested and terminals resisted high prices, manufacturers moderately increased their profit margins in the second half of the week, leading to a slight price correction. In the latter half of the month, as MTBE prices fell to a certain low point and downstream companies entered the market on dips, MTBE manufacturers’ profit margins slowed down, and MTBE growth was around 200-300 yuan/ton.

On the cost side, the debt problem of the United States remains unresolved. Recently, the oil market still has pressure from the macro side, but the supply and demand side is relatively good. First, the North American driving season is coming, and the demand for refined oil products is rising. Second, OPEC+production is expected to tighten. It is expected that the oil price will probably consolidate upward and recover lost ground. The domestic oil industry chain MTBE product market has been affected by the high level of market consolidation.

On the demand side, crude oil prices have fluctuated and decreased since May, which has affected the domestic refined oil market and put pressure on it. The gasoline market has declined, but the price of MTBE is on the high side. As businesses adjust the proportion of MTBE added to gasoline, demand for MTBE is limited. The demand side for MTBE is weak.

On the enterprise side, MTBE production continues to decline, with a positive impact on the supply side.

In terms of external trading, as of the close on May 26th, the closing price of the Asian MTBE market has decreased by $26.5 per ton compared to the previous trading day, while FOB Singapore closed at $976.49- $978.49 per ton. The closing price of the European MTBE market increased by $11/ton compared to the previous trading day, while the FOB ARA closed at $1017.74- $1018.24/ton. The closing price of the MTBE market in the United States increased by $45.86 per ton compared to the previous trading day, while the FOB Gulf price closed at $994.27-994.63 per ton (280.08-280.18 cents per gallon).

According to future forecasts, compared to other gasoline raw materials, MTBE prices are still relatively high, with end users maintaining strong demand and manufacturers increasing inventory. MTBE analysts from the business company believe that the domestic MTBE market is mainly volatile in the short term.