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MTBE Weekly comments: low inventory MTBE local push up (20140613-0619)
Publish Date:2014-06-20 15:57:00 Views:
Market Overview
June 13, 2014 the week, the domestic MTBE market weekly average price rose slightly last week, 3 yuan / ton or 0.04%. This week by the Iraqi tensions, the international oil prices rose strong, driven by crude oil rate of change was significantly pulled up, the market is expected to continue to surge. However, due to the current demand for gasoline terminals has not yet significantly improved, brokers are still buying more cyclical replenishment, speculative demand is still difficult to recover. Affected by this, although the MTBE manufacturers in the low inventory support still show push up intention, but the price rise resistance is still large. Which only South China market due to tight supply of local resources and gains more obvious.
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