Although the price adjustment and reduction of domestic refined oil has been implemented, the rising international oil price and the bullish sentiment in the gasoline market are gradually rising, and the price of MTBE market is going up. The price of MTBE on November 6 was 3633 yuan / ton, up 3.13% from the price at the beginning of the week, according to business agency data.

At 24:00 on November 5, the domestic oil product market price was lowered, but the international crude oil price rose as a whole, the domestic oil product market bullish sentiment rose, and the gasoline price rose overall. And the EIA data showed that the U.S. commercial crude oil inventory data also had a significant positive impact on oil prices, stimulating domestic gasoline market transactions. This week, the shutdown and maintenance of MTBE units in Shandong increased, and the supply of MTBE resources decreased. In addition, the positive news of the international crude oil market continued to spread, and the international oil price rose. Manufacturers in Shandong Province actively pushed up the market price of MTBE.

According to MTBE product analysts of energy branch of business agency, the demand of international crude oil market is weak, and the price of international crude oil and gasoline market will still fall under pressure. Meanwhile, the price promotion of MTBE manufacturers can not be sustained. It is expected that domestic MTBE prices will be stable in the short term.