On January 19th, the closing volatility of the MTBE external market: The closing price of the Asian MTBE market increased by 0.87 US dollars/ton compared to the previous trading day, and FOB Singapore closed at 626.43-628.43 US dollars/ton. The closing price of the European MTBE market increased by $19.5/ton compared to the previous trading day, and FOB ARA closed at $757.99-758.49/ton. On Martin Luther King Jr. Day, the MTBE market in the United States is closed.
The closing price of MTBE in the Asian market increased by 0.87 US dollars/ton, while the European market saw a significant increase of 19.5 US dollars/ton, indicating a tightening of international market supply or increased demand, which is a significant positive for spot prices. The slight rise in Asia reflects moderate support, while the significant increase in Europe strengthens bullish expectations; The closure of the US market remains unchanged and does not affect the overall upward trend.
If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com
