On February 24th, the closing volatility of the MTBE external market: The closing price of the Asian MTBE market increased by $11.27/ton compared to the previous trading day, and FOB Singapore closed at $694.38-696.38/ton. The closing price of the European MTBE market decreased by $6.5 per ton compared to the previous trading day, and FOB ARA closed at $802.49-802.99 per ton. The closing price of the MTBE market in the United States increased by $12.11/ton compared to the previous trading day, and the FOB Gulf offshore price closed at $717.39-717.74/ton (202.56-202.66 cents/gallon).
The closing price of the Asian market rose by 11.27 US dollars/ton to 694.38-696.38 US dollars/ton and the US market rose by 12.11 US dollars/ton to 717.39-717.74 US dollars/ton, indicating strong demand or tight supply, which is favorable for spot prices; The European market's downward adjustment of $6.5/ton to $802.49-$802.99/ton has brought local bearish sentiment, but overall volatility supports the bullish outlook for MTBE spot prices.
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