- MTBE Premium rises to $578-600/mt- The gasoline-naphtha spread is



On June 14, spot European MTBE prices
reached a record high due to continued demand. European MTBE was valued
at $1,924-1,940/mt FOB AR, up to $24/mt on that day amid the market demand seen
during Market on Close assessments from a bird seen at 1,000 mt for $1,924-1,940/mt. European MTBE premium over gasoline hit a new high of $578-600/mt
up to $17. 25-23.50/mt per day. The spread between front-month gasoline and front-month
naphtha increased by $14.50-20.50/mt was $532
on June 14. 75/mt indicates continued
strength in blending economies. Asian MTBE
rose $27-33/mt to $1,343-1,370/mt FOB Singapore on June 14, due to a stronger
gasoline complex and strong arbitrage demands. Despite muted spot market activity, ETBE's premium was
unchanged at $320-340/mt FOB Ar. The price
increased to $2,244.-2,265/mt FOBAR,...