Closing prices in international MTBE markets rose on June 29: The Asian MTBE closing price increased by $7.16/tonne from the previous trading day, with FOB Singapore settling at $754.39–$756.39/tonne. The European MTBE closing price rose by $29.75/tonne, with FOB ARA settling at $994.74–$995.24/tonne. The US MTBE closing price increased by $26.67/tonne, with FOB US Gulf Coast settling at $1,094.89–$1,095.25/tonne (309.15–309.25 cents/gallon).

International MTBE closing prices saw increases across all global regions on June 29—rising by $7.16/tonne (FOB Singapore), $29.75/tonne (FOB ARA), and $26.67/tonne (FOB US Gulf Coast). This strengthening of international prices provides positive support for domestic MTBE spot prices, helping to drive up domestic market quotes.

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