17 September 2010 02:35 [Source: ICIS news]
SINGAPORE (ICIS)--Thailand's Bangkok Synthetics Co (BST) will continue to skip exports of spot cargoes of methyl tertiary butyl ether (MTBE) in October, for the fourth successive month, compounding the thin supply situation in the region, market players said on Friday.
The cargoes will be retained for term customers, as BST will shut its 55,000 tonne/year MTBE plant for 17 days between late November and early December.
Prices of MTBE, which is used as an additive to improve gasoline's octane levels, scaled up to a five-month high of close to $800/tonne (€608/tonne) FOB (free on board) Singapore in the week to 17 September, ICIS data showed, due to scarce supply in southeast Asia and robust Chinese demand.($1 = €0.76)
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