The international crude oil price was blocked, but after the “five consecutive rises” of domestic refined oil price adjustment was implemented, refinery gasoline rose slightly, and the overall supply of MTBE market was tight, which promoted the price rise of domestic MTBE market. According to the data of business news agency, the price of MTBE on January 22 was 4500 yuan / ton, up 1.85% from the beginning of the week.

This week, the rising trend of international oil prices was blocked, with WTI crude oil prices down 0.29% and Brent crude oil prices up 0.56%. In terms of gasoline demand, the cold weather in winter, the increased willingness of car travel, and the “five consecutive rises” of domestic refined oil price adjustment have enhanced the willingness of terminal transaction in the refined oil market

Recently, the market price of MTBE has reached a high level all the way. With the increase of gasoline production cost in refineries, the purchasing of raw materials has also begun to be cautious. However, the manufacturers’ inventory is relatively low and the cost of feed gas is still at a relatively high level, and the domestic MTBE market price continues to rise.

MTBE product analysts of business society energy branch think: the international crude oil price is blocked, the gasoline price is expected to be stable in the downward trend, the purchase intention of MTBE and other intermediate materials is weakened, and the market price of MTBE is expected to callback.