1.1 Domestic MTBE market review

Market Review of MTBE for Oil

February 14, 2014 to the week, the domestic MTBE market weekly average price last week, the average weekly price rose slightly 6 yuan / ton or 0.07%. This week the international oil prices rose, the Development and Reform Commission is expected to increase, but the news is still difficult to boost the weak market demand. This week the domestic gasoline market demand is still light, the downstream industry for the procurement of raw materials are still more on-demand purchase, MTBE market transactions are still weak, in the absence of effective good news support prices to stabilize the main.

Market Review of Chemical Industry with MTBE

February 14, 2014 to the 20th week, the domestic chemical industry with MTBE market conditions remain stable situation. This week Qiwanda Group MTBE has not resumed external shipments; Yangzi Petrochemical listing price of 9200 yuan / ton, this month, less than 300 tons of shipments, shipping pressure. Shandong Yuxiang Chemical MTBE offer at 9,300 yuan / ton, isobutylene plant normal operation, MTBE is still self-use. Shenghua chemical grade MTBE offer remained at 9,100 yuan / ton.

1.2 International MTBE Market Weekly Review

Asia and Europe this week, MTBE market prices as a whole continues to rise momentum. Asian market MTBE market weekly average price rose last week about 33.64 US dollars / ton. This week, although the purchase demand from the Chinese market has not yet seen signs of recovery, but because the market are more optimistic about the needs of China's late China, the Asian MTBE prices still provide a significant driving force. Although the downstream business because of the lack of willingness to disk and small shocks, but the Asian MTBE market tight supply in the case of the overall still maintain a more obvious upward trend.

European market, this week the average price of MTBE rose about $ 22.77 / ton last week, the weakening demand for pre-gasoline market led to reduced demand for MTBE procurement, MTBE price was a decline. But with the rise in gasoline prices, downstream business market has increased the enthusiasm, and the rest of the world MTBE resource supply tight for the European MTBE exports brought good news also contributed to the MTBE price rise. The US market as a whole to maintain gains, the average weekly market week last week rose about 21.56 US dollars / ton.

2.MTBE market outlook outlook

Analysis of Market Influencing Factors

Market supply

This week the domestic refining MTBE manufacturers operating rate slightly rebound, making a slight increase in resource supply. At present, the price of carbon four raw materials gas prices continue to rise, MTBE device profit margins decline, or will inhibit the enthusiasm of MTBE manufacturers started, is expected next week MTBE manufacturers operating rate will remain low.

Downstream demand

The current domestic gasoline terminal consumption is still the traditional off-season, and adequate supply of social resources, brokers continue to adhere to the procurement strategy, short-term MTBE market demand or will remain light-based.

Look forward to next week

This week in the international oil price shocks boosted, the industry has been enhanced mentality, but the downstream demand for lack of substantial and difficult to significantly change, MTBE manufacturers shipping atmosphere in general, the price to stabilize the main, and last week to predict the basic Match.

Is expected next week crude oil market technical callback is more likely, the overall international oil prices lower volatility. While the demand for gasoline terminals in the short term is also difficult to significantly improve. In the news side and the demand side is difficult to significantly positive circumstances, is expected next week, domestic MTBE market conditions will remain weak, the price is difficult to significantly fluctuate.