SunSirs: Cost Side Weakness, Isobutene Market Was Downward

https://www.chemnet.com   May 21,2024

　　Price trend

　　According to the monitoring of the commodity market analysis system of SunSirs, the isobutene market had declined this week. As of May 17th, the mainstream price of isobutene (≥99, bulk) in China was 12,200 RMB/ton, a decrease of 25 RMB/ton or 0.2% compared to last week.

　　Analysis review

　　Cost side:

　　International crude oil: The mainstream MTBE quotation was 6,912.5 RMB/ton, a decrease of 244.5 RMB/ton or 3.66% from last week. Compared to May 1st, it decreased by 299.5 RMB/ton, a decrease of 4.16%. Since May, the MTEB had shown a downward trend. The overall narrow decline in international oil prices was the main bearish factor. As of May 17th, the price of MTBE was relatively high, and the terminal resistance was strong. In the short term, the domestic MTBE market may further decline.

　　Market outlook

　　Recently, the isobutene market had been declining. From a cost perspective, international oil prices had seen a narrow decline overall, with a slight decline in MTBE market prices, resulting in a bearish performance on the cost side. From the perspective of supply and demand, isobutylene was temporarily operating at a high level, with average market trading. Downstream purchases of raw materials were cautious and cautious, and the recent market trend for isobutylene had declined. From a cost perspective, international oil prices had seen a narrow decline overall, with a slight decline in MTBE market prices, resulting in a bearish performance on the cost side. From the perspective of supply and demand, isobutene was temporarily operating at a high level with average market trading. Downstream procurement of raw materials was cautious and wait-and-see, with weakened cost support and sluggish demand. It is expected that the recent market for isobutylene will be consolidated to be weaker.

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