On August 18, MTBE prices in international markets saw upward movement: the Asian MTBE closing price rose by $12.24/tonne from the previous trading day, with FOB Singapore prices settling at $990.40–$992.40/tonne. The European MTBE closing price increased by $38.75/tonne, with FOB ARA prices settling at $1,395.49–$1,395.99/tonne. The US MTBE closing price rose by $43.60/tonne, with FOB Gulf Coast prices settling at $1,129.57–$1,129.92/tonne (318.94–319.04 cents/gallon). This overall strengthening in international markets will significantly raise domestic MTBE import costs, providing strong bullish support for domestic MTBE spot and futures prices.

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