- Sep/Oct RBOB gasoline rearwardation slimming- MTBE prices extended their fall



As prices continue their downward trend, sentiment
in the US MTBE markets was affected by the downturn in gasoline prices. Sources said that the main
factor was the length of octanes. Sources also
indicated that participants are more cautious about blending opportunities due
to declining gasoline supplies weekly. MTBE
trades were completed on Aug. 4, during the Market on Close assessment process.
This marked the third parcel of the week. The
trade was still valued at 68.95c/gal, despite the fact that September RBOB
gasoline premiums were higher. FOB US Gulf
Coast MTBE physical was 348.30c/gal, down 10.97c/gal on the same day. The backwardation in gasoline futures seemed to be
decreasing at 23.04 Cents/gal. September NYMEXRBOB gasoline futures settled at
279.35c/gal. October contract was at 256.31c/gal. It...