On November 26th, the closing price of MTBE in the overseas market fluctuated: the closing price of MTBE in Asia decreased by 0.27 US dollars/ton compared to the previous trading day, and FOB Singapore closed at 635.08-637.08 US dollars/ton. The closing price of the European MTBE market decreased by $11/ton compared to the previous trading day, and FOB ARA closed at $766.49-766.99/ton. The closing price of the MTBE market in the United States increased by $8.89 per ton compared to the previous trading day, and the FOB Gulf offshore price closed at $838.41-838.76 per ton (236.73-236.83 cents per gallon).
The article shows that MTBE prices in Asia and Europe have decreased by 0.27 US dollars/ton and 11 US dollars/ton respectively, indicating an increase in international market supply or weak demand, especially in Europe where significant price reductions have significantly negatively impacted spot prices; The US market rose by $8.89/ton, providing some support, but overall global oversupply pressure dominated.
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