As of the close on December 17th, the closing price of the Asian MTBE market has decreased by $6.73/ton compared to the previous trading day, and FOB Singapore closed at $607.04-609.04/ton. The closing price of the European MTBE market increased by $4.5/ton compared to the previous trading day, and FOB ARA closed at $698.99-699.49/ton, reflecting local supply shortages or improved demand, providing some support. The closing price of the MTBE market in the United States decreased by $8.53/ton compared to the previous trading day, and the FOB Gulf offshore price closed at $599.88-600.23/ton (169.38-169.48 cents/gallon). Mainly due to weak demand or oversupply, there is significant negative pressure on spot prices.

However, the global downward trend is even greater (about $15.26/ton decrease vs $4.5/ton increase), which has a general negative impact on MTBE spot prices.

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