The MTBE (Methyl Tert-Butyl Ether) market in China faced bearish sentiments and experienced a period of significant downtrend during June xxxx, resulting in low prices. This decline was attributed to high operating rates of feedstock Methanol which eased the production costs and low downstream demand from gasoline impacting both the supply and demand sides of the equation.
During June xxxx, the MTBE prices declined by x.xx when compared to May xxxx to settle at USD xxx/ MT FOB Dalian, China amidst supply outpaces demand by the revival of idle production capacity during this timeframe. While some MTBE production facilities like Qixiang Tengda and Maoming Shihua resumed operations in June, their operating rates remain low. This indicates a cautious approach from producers despite the restart, suggesting abundant existing stockpiles. A significant rise in Methanol production from major enterprises has created an oversupply situation. Methanol is a...
