1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyishe, the isobutene market has remained stable this week. As of May 9th, the mainstream price of isobutene (≥ 99, loose water) in China was 12125 yuan/ton, which is unchanged from last week and increased by 100 yuan or 4.04% compared to April.

2、 Market analysis

Cost side:

The concentrated release of bearish news in the early May crude oil market has put pressure on the risk premium of crude oil. International crude oil has experienced a significant decline. As of today, the mainstream price of MTBE is 7187.50 yuan/ton, a decrease of 0.38% from May 1st and a decrease of 4.1% from April. In early May, the maintenance equipment started construction one after another, and the inventory on site gradually increased.

Demand side:

Downstream factories mainly purchase based on actual needs and adopt a relatively cautious attitude. Although the main downstream factories maintain a normal production rhythm, the operating rate of the terminal factories is relatively low, and the procurement enthusiasm is not high.

3、 Future Market Forecast

Based on the current situation, the on-site inventory status of isobutene is still good, and the supply of goods is relatively abundant in the short term. However, due to the combined influence of multiple factors, cost support shows a weakening trend. Presenting a dual bearish outlook, it is expected that the isobutene market will be dominated by weak consolidation in the short term.