On January 14th, the closing volatility of the MTBE external market: The closing price of the Asian MTBE market decreased by 1.01 US dollars/ton compared to the previous trading day, and FOB Singapore closed at 637.22-639.22 US dollars/ton. The closing price of the European MTBE market decreased by $3.25/ton compared to the previous trading day, and FOB ARA closed at $756.74-757.24/ton. The closing price of the MTBE market in the United States increased by 1.55 US dollars/ton compared to the previous trading day, and the FOB Gulf offshore price closed at 648.25-648.61 US dollars/ton (183.04-183.14 US cents/gallon).
The spot price of MTBE in the Asian market FOB Singapore has been lowered by 1.01 USD/ton to 637.22-639.22 USD/ton, and in the European market FOB ARA has been lowered by 3.25 USD/ton to 756.74-757.24 USD/ton, reflecting weak demand or oversupply; The FOB Gulf offshore price in the US market has increased by 1.55 US dollars/ton to 648.25-648.61 US dollars/ton, indicating strong local demand. Overall, price declines in Asia and Europe, as the main consumer regions, dominate market sentiment and may suppress global spot price increases, leading to increased inventory pressure.
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