MTBE market prices fell on August 24: The Asian MTBE closing price dropped by $16.53/tonne from the previous trading day, with FOB Singapore settling at $984.1–$986.1/tonne. The European MTBE closing price fell by $20.25/tonne, with FOB ARA settling at $1,393.74–$1,394.24/tonne. The US MTBE closing price fell by $28.51/tonne, with the FOB US Gulf price settling at $1,136.37–$1,136.72/tonne (320.86–320.96 cents/gallon).

On August 24, MTBE prices in Asian, European, and US markets all retreated; closing prices for FOB Singapore, FOB ARA, and FOB US Gulf fell by $16.53/tonne, $20.25/tonne, and $28.51/tonne, respectively, compared to the previous trading day. This weakening in international markets is expected to fuel bearish sentiment in the domestic MTBE market, suppressing spot and futures price trends and exerting a generally bearish influence.

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