Chemical Updates

Asia MTBE: Chinese cargo prices remain firm / Chinese sellers cash in / Wanhua shuts MTBE plant

Jul 25, 2026

Asian MTBE FOB Singapore was assessed at $993.97/metric ton on July 24, down $28.06/mt day over day from July 23, with the cash differential to FOB Singapore 92 RON gasoline Mean of Singapore Strip (15-40 days)remaining steady at plus $1.50/b. Upstream oil prices retreated from recent highs, but fundamentals remained bullish amid Middle East hostilities and as Houthi militants targeted the Red Sea shipping route. Though Singapore region spot prices dropped, Chinese sellers of MTBE are buoyant due to the rise in prices for their recent cargos traded. At the Asia close July 24, the FOB China MTBE marker was assessed at $980/mt, up $20/mt over the previous day. With Chinese producers once again curtailing production, spot cargo sale prices have risen sharply, some producers said. Some August loading cargos...

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