On January 19th, the closing volatility of the MTBE external market: The closing price of the Asian MTBE market increased by 0.87 US dollars/ton compared to the previous trading day, and FOB Singapore closed at 626.43-628.43 US dollars/ton. The closing price of the European MTBE market increased by $19.5/ton compared to the previous trading day, and FOB ARA closed at $757.99-758.49/ton. On Martin Luther King Jr. Day, the MTBE market in the United States is closed.
The closing price of MTBE in the Asian market increased by 0.87 US dollars/ton, while the European market saw a significant increase of 19.5 US dollars/ton, indicating a tightening of international market supply or increased demand, which is a significant positive for spot prices. The slight rise in Asia reflects moderate support, while the significant increase in Europe strengthens bullish expectations; The closure of the US market remains unchanged and does not affect the overall upward trend.
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