Asian MTB: Falling due to weakness in gasoline and crude
oil markets■ South
Korea's S-Oil will close the No. 1 MTBE plant in mid-September■ Crude down 1.5%Asian FOB Singapore methyl Tertiary Butyl
Eth fell $15.50-20.60/mt to $1,033.87-1,070.50/mt on Aug. 26, under pressure from
weakness in gasoline and crude oil markets. Arbitrage demand is tapering and
peak driving season closes. The
Asian MTBE spot market was quiet. The
92RON gasoline fell 1.5% to $108.18-120.50/b. Meanwhile, the 92RON crack
dropped 2% to $8.32-9.50/b. At 4:30 PM
Singapore time (0830 GMT), the front-month ICE Brent crude oil futures contract
fell 1.5% to $99.86-105.50/b. South
Korea's S-Oil plans to close its No. 1
MTBE plant at Onsen will be closed in September for scheduled maintenance. 26 citing a source close to the company. The No. The No. 1 MTBE
plant can produce approximately 90,000...