Price Trend
According to data from business associations, MTBE’s price this weekend was 5350 yuan/ton, down 0.92% from the previous week’s price.
| Gamma PGA |
II. Market Analysis
Products: Gasoline market prices continue to decline slightly, market turnover is general, domestic MTBE prices fell slightly in this cycle.
Industry Chain: This week’s wide fluctuation of international oil prices slightly declined, which affected the price of gasoline market to continue to operate at a low level. This week’s demand for gasoline terminal improved, but Sino-US trade risks and tensions between the United States and Iran suppressed international oil prices, MTBE prices continued to decline slightly this week.
| Gamma PGA 30% agriculture |
3. Future Market Forecast
Analysts of MTBE products of Business Society Energy Branch believe that hot weather will drive up gasoline demand, but there is no clear direction for international oil prices, and MTBE prices are expected to remain stable next week.
| Gamma PGA 30% agriculture grade |