On October 21st, the closing price of MTBE in the overseas market fluctuated: the closing price of MTBE in Asia decreased by 0.53 US dollars/ton compared to the previous trading day, and FOB Singapore closed at 625.72-627.72 US dollars/ton. The closing price of the European MTBE market has increased by 0.5 US dollars/ton compared to the previous trading day, and FOB ARA has closed at 850.49-850.99 US dollars/ton. The closing price of the MTBE market in the United States increased by $45.36/ton compared to the previous trading day, and the FOB Gulf offshore price closed at $822.47-822.82/ton (232.23-232.33 cents/gallon).
The closing price of MTBE in the Asian market has dropped by 0.53 US dollars per ton, reflecting potential weak demand or increased supply, which has brought slight bearish pressure; The European market raised by 0.5 US dollars per ton, indicating stable regional demand and providing slight positive support; The US market has seen a significant increase of $45.36 per ton, possibly due to tight supply or a surge in demand, forming a major positive driving force. Taking into account the global market, the strong rise in the US market has dominated the overall positive sentiment, providing strong support for MTBE spot prices and overall favorability.
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