On May 7, closing prices in the global MTBE export markets trended downward: The Asian MTBE market saw its closing price drop by $46.62/ton compared to the previous trading day, with FOB Singapore prices settling at $936.57–$938.57/ton. The European MTBE market's closing price fell by $33/ton from the previous day, with FOB ARA prices closing at $1,098.49–$1,098.99/ton. The U.S. MTBE market's closing price declined by $36.87/ton relative to the previous day, with FOB Gulf prices settling at $1,108.24–$1,108.60/ton ($312.92–$313.02/gallon).

On May 7, MTBE export prices across the Asian, European, and U.S. markets all experienced significant declines: specifically, FOB Singapore quotes in Asia fell by $46.62/ton; FOB ARA quotes in Europe dropped by $33/ton; and FOB Gulf quotes in the U.S. decreased by $36.87/ton. This weakening in global export markets is expected to drive down MTBE import costs, thereby exerting downward pressure on domestic MTBE spot prices and creating a bearish market influence.

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