December 27, 2013 to January 2, 2014 week, the domestic average price of MTBE week last week, the average weekly price fell 27 yuan / ton or 0.31%. This week, although the rate of change in crude oil remained positive channel, but because only three working days close, the news side of the positive impact on the market is not obvious. From the demand side, the current demand for gasoline terminal is still very light, brokers are still more on demand, MTBE manufacturers shipped poor, the price is still a slight downward trend.

        December 27, 2013 to January 2, 2014 the week, the domestic chemical industry MTBE market prices steady rise. This week Qiwangda Group MTBE offer at 9,300 yuan / ton, is still mostly self-use; Yangzi Petrochemical listing price of 9200 yuan / ton, last week last week, 50 yuan / ton last week, shipments are still 300 tons about. Shandong Yuxiang Chemical MTBE offer at 9,300 yuan / ton, manufacturers said the stock low. Shenghua chemical grade MTBE offer 9300 yuan / ton, temporarily no goods.

International MTBE market review

        This week the international MTBE market prices rose overall trend. Asian market MTBE market weekly average price rose last week about 20.00 US dollars / ton. Due to the relationship between the New Year holiday, although there are still some buyers seeking cash, but the overall market buying and selling atmosphere is still very light. MTBE manufacturers said that in order to avoid the emergence of inventory pressure they will strive to clear the goods before the end of the year; European market, MTBE average price this week rose about 14.04 US dollars / ton, the news that the demand in January mainly benefited from Gasoline futures premium. In addition, the source also pointed out that in order to ensure profits, brokers prefer the lower price MTBE; the US market as a whole to maintain gains, the average weekly market week last week rose slightly about 4.01 US dollars / ton.

MTBE device profit analysis

        According to Zhuo record information to Shandong to refining, for example, Shandong this week, refining MTBE device average gross profit of 307 yuan / ton (this measurement of raw materials for the isobutene content of 15% of the mixed carbon four and methanol, and deduct a certain processing Cost), down slightly from last week about 8 yuan / ton or 2.54%. This week the raw material market prices stable down, but because MTBE and ether after the four carbon prices are also falling in the channel, on the whole, this week to refining MTBE device gross profit fell slightly last week.

Analysis of MTBE Downstream Demand

        At present domestic MTBE major downstream demand includes gasoline to reconcile with the production of isobutylene. Among them, reconciliation of petrol applications in 91% of all demand.

        This week to reconcile the three 93 # gasoline profits of 379 yuan / ton, slightly higher than the previous 2 yuan / ton; to reconcile Guangdong four 93 # gasoline profit of 365 yuan / ton, up 65 yuan / ton last week. MTBE in the use of gasoline in the proportion of about 10%, accounting for about 10.875% of the cost of reconciling gasoline (country three standard) around.

MTBE market outlook outlook

        Market supply

        This week the domestic refining MTBE manufacturers operating rate rebounded significantly, the market supply of resources increased from the previous period. Next week with the Hubei Tianmao Chemical and other manufacturers of MTBE device to resume normal operation, refining MTBE device operating rate or will still be slightly higher.

        Downstream demand

        From the peak demand for gasoline from the spring there is still a period of time, the short term gasoline market terminal demand will remain stable mainly, but with the downstream cycle replenishment continue to start, MTBE market demand or will appear moderate improvement.

        Look forward to next week

        This week the news side of the positive temporarily difficult to produce strong support for the market, and oil market demand is difficult to improve, MTBE market buying and selling atmosphere is still poor performance, prices are still slightly down, consistent with the forecast last week.

Expected next week, the international oil prices will be regained after the short-term gains, crude oil rate of change will be widening, gasoline and diesel is expected to remain higher. Demand, with the downstream market cycle replenishment continued to start, MTBE market buying and selling atmosphere or will be moderate improvement.