MTBE international market closing prices fell on September 9: The closing price in the Asian market dropped by $2.66/tonne from the previous trading day, with FOB Singapore prices settling at $1,094.69–$1,096.69/tonne. The European market closing price fell by $73/tonne, with FOB ARA prices settling at $1,481.49–$1,481.99/tonne. The US market closing price dropped by $41.22/tonne, with FOB Gulf Coast prices settling at $1,186.48–$1,186.83/tonne (335.01–335.11 cents/gallon).

MTBE prices in Asian, European, and US international markets all closed lower, with the European market recording a decline of $73/tonne. This overall weakness in international markets is expected to lower MTBE import costs and exert downward pressure on domestic spot prices; related futures contracts are also likely to trade with a bearish bias due to the weak sentiment in international markets.

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