- MTBE Premium Inches up to $321.50-350.50/mt- The gap between gasoline-naphtha and is
further narrowed





The European spot methyl tertiary ether
prices fell on July 14 despite lower energy complex buying interest. European MTBE flat prices were down $32-37/mt on
July 13, at $1,324-1,360/mt FOB ARA. This is lower than the outstanding offer
during Commodity Insights' Market on Close assessment process. MTBE's
premium was still higher than the EBOB FOBAR M1 swap at $321.50-350.50/mt. The spread
between front-month gasoline and front-month naphtha fell by $12.25-17.01/mt
over the previous day to $277.75-300.50/mt. This is below the July-to-date
average of $333.55-360.50/mt. Due to limited barge demand and
recessionary worries, the NWE gasoline market was affected by bearish sentiment. The NWE
naphtha markets have partially recovered, mainly due to arbitrage opportunities
between the Mediterranean and Asia. Asian MTBE
prices...