This week, the international oil price surged and fell. The domestic gasoline price rose and then fell, leading the MTBE price to rise and then fell back. According to the data of business agency, the MTBE price this weekend was 3883 yuan / ton, 5.43% higher than the previous week’s price.

On June 7, at the OPEC + ministerial video conference, OPEC agreed to extend its measures to reduce production by 9.7 million barrels per day for one month until the end of July. WTI crude oil and Brent crude oil prices in the United States topped $40 / barrel and $43 / barrel respectively. In the middle of the week, there is a growing concern that the outbreak will give a second strike to crude oil. Meanwhile, as of the week of June 5, the U.S. crude oil inventory unexpectedly increased by 5.7 million barrels, to a record high of 538 million barrels, and the international oil price dropped.

At the beginning of the week, there was a strong positive signal from crude oil. Downstream customers were willing to purchase, MTBE manufacturers delivered goods smoothly, and the market price kept rising. However, in the medium term, the international oil price surged and fell, the purchase willingness of the middle and downstream was weakened, the gasoline delivery performance of refineries was poor, and the transaction atmosphere of MTBE market was also weakened. MTBE manufacturers in Shandong took the lead in opening the price reduction promotion mode, and domestic MTBE prices were opened Correction trend.

Lu Xingjun, an analyst with business news agency, believes that in the short term, international oil prices are facing downward pressure, domestic demand for refined oil is weakening, refinery inventory is rising, and MTBE has not yet been put back in place. It is expected that the domestic MTBE price will be reduced by 200-300 yuan / ton next week.