SunSirs: China MTBE Market was in Consolidation after Rise of on October 14

According to the monitoring data of SunSirs, on October 14, the price of MTBE in Shandong was 6,826 RMB/ ton, an increase of 0.09% over the previous working day and 84.13% year-on-year. MTBE market is driven by the rise of raw materials, and the price continues to rise. Crude oil fell slightly, and the price rose to a high level, so the downstream receiving was cautious. The short-term MTBE market continues to rise, the space is reduced, and gradually returns to rational consolidation.