January 12 MTBE international market closing fluctuations: The closing price of the Asian MTBE market increased by USD 1.93/ton compared to the previous trading day, with FOB Singapore settling at USD 629.37–631.37/ton. The closing price of the European MTBE market rose by USD 22.75/ton compared to the previous trading day, with FOB ARA settling at USD 746.99–747.49/ton. The closing price of the U.S. MTBE market decreased by USD 0.81/ton compared to the previous trading day, with FOB U.S. Gulf settling at USD 635.12–635.47/ton (179.33–179.43 cents/gallon).
PriceSeek's analysis of MTBE shows a bullish-bearish score of 1.5. The article indicates that on January 12, MTBE spot prices fluctuated across global markets: the FOB Singapore price in Asia increased by USD 1.93/ton to USD 629.37–631.37/ton, while the FOB ARA price in Europe rose significantly by USD 22.75/ton to USD 746.99–747.49/ton, suggesting strong demand or tightening supply. In the U.S. market, the FOB U.S. Gulf price decreased slightly by USD 0.81/ton to USD 635.12–635.47/ton, reflecting local supply-demand adjustments with limited impact. Overall, across major global markets, the notable increases in Asia and Europe have driven a predominantly bullish trend, pushing MTBE spot prices upward, with bullish factors outweighing bearish ones.
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