On February 4, the closing prices of the international MTBE market were adjusted upward: the closing price of the Asian MTBE market increased by USD 15.48 per ton compared to the previous trading day, with FOB Singapore settling at USD 654.58–656.58 per ton. The closing price of the European MTBE market rose by USD 4.5 per ton compared to the previous trading day, with FOB ARA settling at USD 756.99–757.49 per ton. The closing price of the U.S. MTBE market increased by USD 23.83 per ton compared to the previous trading day, with FOB Gulf Coast settling at USD 710.87–711.23 per ton (200.72–200.82 cents per gallon). PriceSeek's analysis of MTBE indicates a bullish-bearish score of +1. The article shows that the international market prices of MTBE in Asia, Europe, and the United States have all increased, with gains of USD 15.48 per ton, USD 4.5 per ton, and USD 23.83 per ton, respectively. This reflects tight global supply or increased demand, which is favorable for spot prices. The score is moderately bullish at +1, as the increases are significant but not extreme, and the spot market may continue its upward trend as a result.
Comments
0