Publish Date：2014-07-31 11:59:00 Views:

July 2014, the domestic MTBE market prices have declined, MTBE market average price of 8042 yuan / ton, compared with June 2014 average price fell 44 yuan / ton or 0.54%. At the beginning of the month, due to poor market demand for gasoline, the lack of confidence in the operation of the industry, coupled with a new round of pricing cycle began after the international oil prices continued to fall, crude oil rate of change continued negative, making the oil market mentality frustrated. Coupled with the State Administration of Taxation issued a notice to strengthen the refined oil consumption tax regulation, but also exacerbated the oil players wait and see attitude, make up the library is not high, making MTBE manufacturers under pressure, prices began to show a slight downward trend. With the deepening rate of change in the rate of change, the market players bearish mentality continues to increase, coupled with the State Administration of Taxation Notice No. 33 for the mentor to bring serious adverse impact on the mentor to adjust the risk of more choice to temporarily stop the operation to wait and see, Procurement demand continues to decline, MTBE shipments fell rapidly, manufacturers to stimulate sales more than price promotions, MTBE prices down significantly.

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