As of the close of trading on October 28th, the Asian MTBE market closed $4.40/ton lower than the previous trading day, closing at $656.07-658.07/ton FOB Singapore. The European MTBE market closed $6.75/ton lower than the previous trading day, closing at $885.74-886.24/ton FOB ARA. The US MTBE market closed $0.92/ton lower than the previous trading day, closing at $854.91-855.26/ton FOB Gulf (241.39-241.49 cents/gal).

On October 29th, Shandong MTBE producers lowered their MTBE prices: Lihua Yilijin Petrochemical's MTBE price fell by 30 RMB/ton to 4,920 RMB/ton.

MTBE producers lowered their quotations by 30 RMB/ton to 4,920 RMB/ton, indicating ample supply or weak demand in the spot market, leading to price weakness. As a gasoline additive, short-term downward pressure stems from increased production or insufficient downstream demand, which generally negatively impacts spot prices. Prices are expected to remain under pressure in the short term.

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