Price Trend
Business associations: MTBE market prices rose sharply in July
According to the data of business associations, the market price of MTBE rose sharply in July. At the end of July, the price of MTBE was 5483 yuan/ton, which was 12.29% higher than the price of 4883 yuan/ton at the beginning of the month.
| http://www.sodium-persulphate.com |
II. Market Analysis
Product: Driven by the surge of domestic gasoline market in July, the bullish mood of the market is strong, which leads to the rise of MTBE market price.
Industry chain: The international oil price shocks in July warmed up, supporting the domestic gasoline market to rise substantially. Meanwhile, the main units gradually extracted substantial pallet Market outside, stimulating the bullish mentality of market operators. And since mid-July, the domestic MTBE plant start-up rate has continuously dropped to 51.65%, and the decline in MTBE market supply is also an important reason to boost the MTBE market price.
| Gamma PGA |
3. Future Market Forecast
Analysts of MTBE products of Business Society Energy Branch believe that the price of gasoline market in August will continue to rise in July, but the domestic MTBE price rose too much in July. It is expected that the domestic MTBE market price will continue to rise in August, but the increase is less than that of gasoline.
| Gamma PGA 30% agriculture grade |