MTBE market meets the "cold current" again

Since the fourth quarter, the domestic methyl tert-butyl ether (MTBE) market has "two cold snaps"

As for the market outlook, industry insiders believe that the demand for restarting overhaul devices is light, and the reduction of MTBE is still not in place

Device restart is bad for the outlook

In October, the price of MTBE exceeded the 7,000 yuan mark due to the sharp rise in the prices of crude oil, upstream raw materials, and terminal refined oil, as well as the limited overhaul of its own equipment and limited import arrivals

From the perspective of supply, affected by the market downturn, the operating rate of MTBE export manufacturers in Shandong was 43% in November, down 3% from October

"From the perspective of the market outlook, Wanhua, Hongye and other devices will resume work one after another.

Low raw material support is difficult to be strong

From the perspective of MTBE's raw material methanol, since the second half of November, the methanol market has been trading cautiously.

According to Jin Lianchuang analyst Yang Meng, in December, under the influence of gas restrictions, the main gas-head methanol plants in Sichuan and Chongqing were basically shut down, and a small number of coal and coke oven gas raw materials plants maintained the early start-up rhythm; part of the Guizhou region reduced the burden in November The plant may be difficult to recover, and it is expected that the capacity utilization rate will still decline to a certain extent.

　　From the perspective of another raw material, ether, C4, in November, the market price rebounded after falling to a low of 5,000 yuan

　　The industry believes that the current weakening of the terminal market is still suppressing the demand for post-ether C4.

　　Demand is weak in the off-season

　　In addition, as the weather turns cold, outdoor construction in the north begins to decrease, diesel demand weakens, and gasoline demand is not significantly positive.

　　"From the perspective of supply, it is expected that in December, the operating rate of Shandong's independent refineries and main units and the output of gasoline and diesel will not fluctuate significantly.

　　From the perspective of another downstream high-purity isobutylene market, after the price rose to a high level in October, it encountered downstream resistance.