On December 15th, the closing price of MTBE in the overseas market decreased: the closing price of MTBE in Asia decreased by $9.86/ton compared to the previous trading day, and FOB Singapore closed at $633.31-635.31/ton. The closing price of the European MTBE market decreased by $9.25/ton compared to the previous trading day, and FOB ARA closed at $738.74-739.24/ton. The closing price of the MTBE market in the United States decreased by $7.01 per ton compared to the previous trading day, and the FOB Gulf offshore price closed at $626.62-626.97 per ton (176.93-177.03 cents per gallon).

This indicates that there is an oversupply or weak demand in the market, which poses a significant negative impact on spot prices. Futures prices usually follow the trend of spot prices, and it is expected that MTBE futures will also face downward pressure.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.