On October 233, the closing price of MTBE in the overseas market increased: the closing price of MTBE in Asia increased by $22.92/ton compared to the previous trading day, and FOB Singapore closed at $657.03-659.03/ton. The closing price of the European MTBE market increased by $27.75/ton compared to the previous trading day, and FOB ARA closed at $890.9-891.49/ton. The closing price of the MTBE market in the United States increased by $21.92 per ton compared to the previous trading day, and the FOB Gulf offshore price closed at $858.45-858.81 per ton (242.39-242.49 cents per gallon).

The spot price of MTBE has significantly increased in the global market, with FOB Singapore in Asia rising by $22.92/ton, FOB ARA in Europe rising by $27.75/ton, and FOB Gulf in the United States rising by $21.92/ton, all exceeding $20/ton. This indicates strong demand or tight supply, such as fluctuations in crude oil prices or peak gasoline seasons, which pose significant benefits to spot prices and will drive up transaction costs and inventory values.

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