The market of MTBE fluctuated in a narrow range, and the transaction turned light. According to business news agency data, as of July 5, the price of MTBE was 6196 yuan / ton, up 4.15% month on month and 58.21% year on year.
| ferric sulfate (Poly ferric sulphate) |
After the price rose to a high level, it encountered downstream conflict. In addition, the prices of other raw materials such as alkylation and mixed aromatics were 400-600 yuan / ton lower than those of MTBE, which put some pressure on the MTBE market. With the end of the month approaching, and the traffic restrictions in various places this week, the demand was low, so the merchants considered shipping and sold in advance.
In terms of external market, as of July 2, the closing price of Asian MTBE market increased by US $7.5/t compared with the previous trading day, and FOB Singapore closed at US $799.5-801.5/t. The closing price of European MTBE market increased by US $7.75/t compared with the previous trading day, while FOB ara closed at US $832.5-833/t. The closing price of MTBE market in the United States increased by US $11.43/t compared with the previous trading day, and FOB Gulf offshore price closed at US $821.33-821.68/t (231.36-231.46 cents / gal).
region ., Country. Closing price. Up and down
Asia FOB Singapore 799.5-801.5 USD / T US $7.5/t
U.S.A FOB Bay USD 821.33-821.68/t US $11.43/t
Europe FOB ARA 832.5-833 USD / T US $7.75/t
Recently, with the start-up of some devices in the north, the supply has increased significantly. Both Minghao chemical and daze chemical have plans to start construction. If the construction starts on schedule, the supply of northern China will increase again. In addition, the price of other raw materials is 400-600 yuan / ton lower than that of MTBE, so the pressure of MTBE sales still exists. Business community MTBE analysts believe that in the short term, the domestic MTBE market will still be downward consolidation.
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