Closing prices in overseas MTBE markets fluctuated on June 11: The Asian MTBE market closed $12.25/tonne higher than the previous trading day, with FOB Singapore prices settling at $865.89–$867.89/tonne. The European MTBE market closed up $22/tonne, with FOB ARA prices settling at $1,049.49–$1,049.99/tonne. The US MTBE market closed down $4.32/tonne, with FOB Gulf Coast prices settling at $1,173.94–$1,174.30/tonne (331.47–331.57 cents/gallon).

Overall, overseas MTBE markets showed strength on June 11; FOB Singapore quotes rose by $12.25/tonne and FOB ARA quotes by $22/tonne, while only US FOB Gulf quotes saw a slight decline of $4.32/tonne. This generally strong trend in overseas markets provided bullish support for domestic MTBE spot prices.

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