- MTBE Premium rises to $367.75-390.50/mt- The gasoline-naphtha spread
reaches $309.25-330.50/mt





Spot European methyl Tertiary Butyl Eth
outright prices rose July 18, amid a strong buying appetite. European MTBE's outright price was up $54-60/mt
compared to July 15, at $1,435.25-1,450.50/mt FOB ARA. This is above the
outstanding bid that was made during the Market on Close assessment process. It
also disproves the Eurobob August swap premium from the day before. During the
MOC process, trade was also observed at $1,490-1,520/mt. The MTBE
premium over the EBOB FOBAR M1 swap was also calculated at $25.50-30.50/mt or
$367.75-390.50/mt. Sources recently indicated that demand was
strong, but the MTBE market in Europe is tight. The spread
between front-month gasoline prices and front-month naphtha prices increased by
$6.75-7.50/mt over July 15, to $309.25-330.50/mt. This is lower than the
July-to-date...