On February 4th, the MTBE external market closed higher: the closing price of the Asian MTBE market increased by $15.48/ton compared to the previous trading day, and FOB Singapore closed at $654.58-656.58/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 $756.99-757.49/ton. The closing price of the MTBE market in the United States increased by $23.83/ton compared to the previous trading day, and the FOB Gulf offshore price closed at $710.87-711.23/ton (200.72-200.82 cents/gallon).

The article shows that MTBE prices have increased in the Asian, European, and US external markets, with increases of $15.48/ton, $4.5/ton, and $23.83/ton, respectively, reflecting global supply tightness or increased demand, which is favorable for spot prices. Due to a significant increase but not reaching an extreme level, the spot market may continue its upward trend boosted by this.

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