On August 4th, the closing price of MTBE in the overseas market decreased: the closing price of MTBE in Asia decreased by $7.8/ton compared to the previous trading day, and FOB Singapore closed at $1,031.53-1,033.53/ton. The closing price of the European MTBE market decreased by $49.5/ton compared to the previous trading day, and FOB ARA closed at $1,229.49-1,229.99/ton. The closing price of the MTBE market in the United States decreased by $52.24/ton compared to the previous trading day, and the FOB Gulf offshore price closed at $927.44-927.80/ton (261.87-261.97 cents/gallon).

On August 4th, the closing prices of MTBE in Asia, Europe, and the United States all saw a decline, with the European and American markets experiencing declines of $49.5/ton and $52.24/ton, respectively. The overall weakening of the foreign market will lower the import cost of MTBE in China, forming a negative pressure on domestic MTBE spot prices.

This external MTBE price change news does not involve MDI related supply and demand, price influencing factors, and has no significant impact on MDI prices. The market performance is neutral.

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