- MTBE Premium rises to $230.50-250.85/mt- The gasoline-naphtha spread is slightly narrower





On Dec. 20, spot European MTBE prices
increased due to buying interest despite relatively stable gasoline prices. The European MTBE prices rose $20.25/mt and
reached $915.25/mt FOB ARA. This is despite an exceptional bid at $915-930/mt
during the Market on Close evaluation process, which disproved Dec. 19's
premium. The premium for front-month gasoline swap also
increased by $21/mt to $230.50/mt FBO ARA. In Asia,
MTBE prices increased $9.20/mt to $811.87/mt FOB Singapore. This was despite a
lack of trading activity and market participants expecting a quiet period
towards the end. ETBE flat prices soared up to $945.50-960.80/mtFOB
AR Dec. 20, following MTBE activity. The premium over MTBE remained at $30.25-35.50/mtFOB
AR, despite subdued spot trading. Due to stable gasoline prices, and
unchanged naphtha,...