As of the close on February 9th, the closing price of the Asian MTBE market has increased by $3.99/ton compared to the previous trading day, with FOB Singapore closing at $662.16-664.16/ton. The closing price of the European MTBE market increased by $9.75/ton compared to the previous trading day, and FOB ARA closed at $779.99-780.49/ton. The closing price of the MTBE market in the United States increased by $13.21/ton compared to the previous trading day, and the FOB Gulf offshore price closed at $731.52-731.87/ton (206.55-206.65 cents/gallon).

The closing prices of MTBE in the Asian, European, and American markets have increased by $3.99, $9.75, and $13.21 per ton, respectively, with significant gains reflecting increased global demand or tight supply, which is a strong positive for MTBE spot prices. Asian FOB Singapore closed at $662.16-664.16 per ton, European FOB ARA closed at $779.99-780.49 per ton, and US FOB Gulf closed at $731.52-731.87 per ton. This overall upward trend may drive domestic MTBE spot prices to follow suit and enhance market bullish sentiment.

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