- MTBE premium Stable at $252.50-$267.78/mt- Gasoline-naphtha spread narrows $20-$25/mt



Spot prices for European methyl
tertiary ether fell on Oct. 18, in line with lower gasoline prices and
higher crude oil prices. European
MTBE prices fell $30.50/mt to $1,026.75/mt FOB ARA. This is in line with lower gasoline prices. The premium for MTBE over the November Eurobob swap remained
unchanged at $252.50-$272/mt FBO ARA. There was no activity during Market on
Close, which disproved the premium. According
to a source, the product is cheaper than other blending components. According to a source, there was good demand for blending
and product availability. Sources said
that arbitrage from China was possible, but imports from Iran were restricted. The source stated that volumes were being offered from the
Mediterranean region and that Mexico was showing interest in buying. In tandem...