The dehydrogenation deficit of isobutane decreased

In November 2021, the margin loss for Isobutane dehydrogenation decreased. By the end of the month, the average monthly profit was -341 CNY/ton, down from -611 CNY/ton last month by 270 CNY/ton, or 44.18%. The decrease of profit loss is mainly due to the widening of MTBE and isobutane price gap, coupled with a significant decline in the price of methanol.

Specific terms, the first half of November, gasoline demand into the off-season, combined with international crude oil shocks down, repeatedly in parts of the outbreak, the early stage of the downstream users to consume the inventory is given priority to, the market marketing atmosphere, weighed on prices falling, but in the area of second half individual tax examination boost terminal gasoline market by weak, plus partial shutdown devices and temporary work, Boosted the MTBE market upstream and downstream mentality, refineries are willing to push up, the price rebound, although the end of the month by the international crude oil crash bearish suppression, but the price remains high shock.

Feed gas, isobutane market decline sharply in November, prices rose to a high last month, the downstream receiving passion wanes, plus the jade emperor ShengRong devices such as shutdown, isobutane resource outside capacity increase, lead to thin trading, prices decline, while the downstream of the oil market and resource circulation to reduce small rebound, but the overall price presents the negative mode, And the price and MTBE price difference gradually widened. The price of methanol in the market is influenced by the continuous downward trend of the main producing area due to the decline of coal, and the negative factors of low purchasing enthusiasm of downstream users, resulting in a significant decline in the price this month compared with last month.

butane in December in December, the cost of imports by CP depress prices sharply lower down significantly, bearish market mentality, isobutane downstream user wait-and-see sentiment strong, market trading atmosphere or still has no obvious improvement, MTBE other market lack the support of good plus terminal gasoline market in the off-season, but late New Year's day holiday demand or better, Therefore, in December or show the trend of first suppression and then Yang, overall, isobutane dehydrogenation profit margin or pick up.