On January 12th, the closing volatility of the MTBE external market: The closing price of the Asian MTBE market increased by $1.93/ton compared to the previous trading day, and FOB Singapore closed at $629.37-631.37/ton. The closing price of the European MTBE market increased by $22.75/ton compared to the previous trading day, and FOB ARA closed at $746.99-747.49/ton. The closing price of the MTBE market in the United States decreased by 0.81 US dollars/ton compared to the previous trading day, and the FOB Gulf offshore price closed at 635.12-635.47 US dollars/ton (179.33-179.43 US cents/gallon).
The article shows that on January 12th, MTBE spot prices fluctuated in the global market: the FOB Singapore price in the Asian market increased by $1.93/ton to $629.37-631.37/ton, and the FOB ARA price in the European market increased significantly by $22.75/ton to $746.99-747.49/ton, indicating strong demand or tight supply; The FOB Gulf offshore price in the US market has slightly decreased by 0.81 US dollars/ton to 635.12-635.47 US dollars/ton, reflecting a local supply-demand adjustment but with limited impact. Taking into account major global markets, the significant upward trend in Asia and Europe is driving the overall upward trend of MTBE spot prices, with positive factors outweighing negative ones.
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