On May 27, closing prices in the international MTBE market trended downward. Due to the observance of Eid al-Adha, the Asian MTBE market remained closed. In the European market, the closing price fell by $61.75 per ton compared to the previous trading day, with FOB ARA prices settling in the range of $1,031.49–$1,031.99 per ton. In the U.S. market, the closing price dropped by $28.26 per ton from the previous session, with FOB Gulf Coast prices closing at $1,094.54–$1,094.89 per ton (equivalent to 309.05–309.15 cents per gallon).

With the Asian MTBE market closed on May 27 in observance of Eid al-Adha, closing prices in the European and U.S. international markets declined by $61.75 per ton and $28.26 per ton, respectively, compared to the previous trading day. This weakening of international prices is expected to lower projected import costs for domestic MTBE, thereby exerting bearish pressure on domestic MTBE spot prices.

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