- Wider gasoline-naphtha spread bolsters MTBE blending
demand- 92 Ron up 2. 05%; crude oil up 3. 05% on the day



Asian MTBE was valued at $27-33/mt and
$1,343-1,360/mt respectively on June 14 due to persistently strong arbitrage
demand and lucrative gasoline blending demand. Front-month ICE Brent
crude futures rose 3. The day's average
price was $123.27-140.50/b at 4:30 pm Singapore time (0830 GMT). Crude oil gained as tight supply concerns in Libya raised
concern, and demand recovery in China added support. The gasoline price of 92 RON gasoline rose 2.5% over the
same period to $151. The gasoline price
was $151.59-170.50/b. The gasoline
blending market was supported by the wider gasoline-naphtha spread. The spread of FOB Singapore 92RON/naphtha MOPS Strip has
been valued at $68.64-73.50/b, up to $4.14-5.50/b per day. Yuan 8,550-8,600/mt was the domestic MTBE price in China. The...