- MTBE Premium drops to $377.75-400.50/mt-
The gasoline-naphtha spread expands by $16.25-20.50/mt





Spot European methyl tertiary
ether prices fell at the beginning of the week of July 11. This was due to
selling app selling interestetite. European MTBE flat prices were down $70.25-75.50/mt
to $1,502.50-1,540.25/mt FOB ARA. This is the lowest level in two months. There
were three outstanding offers during the Market on Close assessment process by
Commodity Insights. These offered 1,000 mt each at $1,502.75-1,540.50/mt. The selling
interest caused MTBE's premium to plunge to $377.75-400.50/mt over the EBOB
FOBAR M1 swap, dropping by $70/mt. A trader said that the European MTBE
market was tight, despite lower blending margins. However, demand remained
strong, despite this. The trader said that logistics are difficult for
small quantities due to high freight rates. The trader
said that...