- MTBE Premium drops to $253.25-273.50/mt- The gasoline-naphtha spread expands





On Dec. 14, spot European MTBE prices
declined due to selling interest despite a rising gasoline complex. European MTBE prices fell $26.50/mt, to
$954.75/mt FOB ARA. This is despite an exceptional offer at $955-970/mt during
the Market on Close assessment process. Due to MTBE
selling enthusiasm and a higher front month gasoline swap, the premium over the
front-month gasoline Swap fell by $47/mt to $253.25/mt ARA. According to
a source, the spot MTBE market remained stable. The source
said that market players want to keep inventories low as the year ends. Sources also
indicated that they expect high demand for next year. Asia saw
MTBE prices rise $13.08/mt to $825.50/mt FOB Singapore. However, trading
activity in Southeast Asia remains slow. ETBE prices
dropped to $985-1000/mt FOBAR Dec....