SunSirs: Supply Decreased and Market Fell, China MTBE Stopped Falling and Rebounded

　　International oil rebounded after falling, giving some support to the market mentality. Recently, devices such as Yuhuang, lushenfa and Shida in Shandong have been stopped, and the supply in Shandong has been greatly reduced. According to the data of SunSirs, from August 6 to August 13, the price of MTBE increased from 5,566 RMB/ ton to 5,683 RMB/ ton, with a price increase of 2.10% during the week, a month on month decrease of 1.96% and a year-on-year increase of 50.22%.

　　With the continuous rise of crude oil price and the continuous reduction of supply, the market price of MTBE in Shandong, the main producing area, stopped falling and rebounded. As of Friday (August 13), the ex-factory quotation of most manufacturers increased 70-100 yuan/ ton compared with last week. In addition, due to the continuous rise of raw materials C4 and isobutane recently, MTBE merchants have increased losses and strong willingness to stop losses. However, near the weekend, the demand is general, the MTBE market price continues to rise, the power is insufficient, and the price market is mainly stable.

　　In terms of external trading, as of the closing on August 12, the closing price of Asian MTBE market increased $18/ ton compared with the previous trading day, and FOB Singapore closed at $745-747/ ton. The closing price of European MTBE market decreased $11.25/ ton compared with the previous trading day, and FOB ara closed at $813.5-814/ ton. The closing price of MTBE market in the United States decreased $9.51/ ton compared with the previous trading day, and FOB Gulf closed at $752.6-752.95/ ton (212.00-212.10 cents/ gallon).

　　Crude oil rose and fell, the market was strong, some factories were overhauled, and the supply was reduced. SunSirs MTBE analysts believe that China domestic MTBE market may still rise in a narrow range in the short term.