On December 22, the closing price of MTBE in the overseas market increased: the closing price of MTBE in Asia increased by $7.16/ton compared to the previous trading day, and FOB Singapore closed at $617.76-619.76/ton. The closing price of the European MTBE market increased by $9/ton compared to the previous trading day, and FOB ARA closed at $695.49-695.99/ton. The closing price of the MTBE market in the United States increased by $12.04/ton compared to the previous trading day, and the FOB Gulf offshore price closed at $616.84-617.19/ton (174.17-174.27 cents/gallon).

This reflects an increase in demand or tight supply, which significantly benefits spot prices. A significant increase (such as a rise of over $12/ton in the United States) indicates an increase in sentiment in the market, which is favorable for futures price expectations.

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