On June 16, the MTBE Market Fluctuated at a High Level

Price trend

According to the monitoring data of SunSirs, the price of MTBE in Shandong on June 16 was 8,825 RMB/ton, an increase of 19.86% month-on-month and a year-on-year increase of 40.60%.

Analysis review

The general trend of the market stabilized, with only minor adjustments in individual regions. Crude oil fell sharply, which was bad for the market mentality. In addition, the downstream demand turned weak, and the sales of merchants were general.