On May 26, closing prices in global MTBE export markets trended downward: The Asian MTBE market closed at a decline of $3.82/ton compared to the previous trading day, with FOB Singapore prices settling at $833.08–$835.08/ton. The European MTBE market closed down $45/ton from the previous day, with FOB ARA prices settling at $1,093.24–$1,093.74/ton. The U.S. MTBE market closed $79.19/ton lower than the previous day, with FOB Gulf Coast prices settling at $1,122.80–$1,123.16/ton (317.03–317.13 cents/gallon).

On May 26, closing prices for MTBE in the Asian, European, and U.S. export markets all experienced declines. The U.S. market saw the largest drop, falling by $79.19/ton, followed by Europe with a decline of $45/ton, and Asia with a decline of $3.82/ton. This overall weakening of global export markets is expected to transmit to the domestic market, exerting bearish pressure on domestic MTBE spot prices.

SunSirs has been continuously tracking price data for over 200 commodities for nearly 20 years, please contact support@sunsirs.com for subscription.