On February 2, the global MTBE market closed lower: The Asian MTBE market closed down by USD 16.41/ton compared to the previous trading day, with FOB Singapore settling at USD 638.08–640.08/ton. The European MTBE market closed down by USD 32.25/ton compared to the previous trading day, with FOB ARA settling at USD 747.99–748.49/ton. The U.S. MTBE market closed down by USD 38.53/ton compared to the previous trading day, with FOB U.S. Gulf settling at USD 670.57–670.92/ton (189.34–189.44 cents/gallon).
PriceSeek's analysis of MTBE shows a bearish score of –2. The global MTBE market closed lower across major regions: the Asian market (FOB Singapore) declined by USD 16.41/ton to USD 638.08–640.08/ton, the European market (FOB ARA) fell by USD 32.25/ton to USD 747.99–748.49/ton, and the U.S. market (FOB U.S. Gulf) dropped by USD 38.53/ton to USD 670.57–670.92/ton. This broad and significant decline reflects clear signs of global oversupply or weak demand, exerting substantial downward pressure on MTBE spot prices. Market participants may delay purchases or increase inventory sell-offs due to falling prices, further pressuring the spot market and intensifying short-term downward price pressure.
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