On January 29th, the closing volatility of the MTBE external market: The closing price of the Asian MTBE market increased by $9.26/ton compared to the previous trading day, and FOB Singapore closed at $657.89-659.89/ton. The closing price of the European MTBE market increased by $8/ton compared to the previous trading day, and FOB ARA closed at $772.49-772.99/ton. The closing price of the MTBE market in the United States increased by $11.23/ton compared to the previous trading day, and the FOB Gulf offshore price closed at $706.66-707.01/ton (199.53-199.63 cents/gallon).

This indicates strong market demand or tight supply, which is favorable for spot prices and may push up short-term spot trading costs, supporting a bullish trend.

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