23 November 2010 10:51 [Source: ICIS news]
The world’s top energy user took in half a million tonnes of MTBE in 2009, they said.
“Car ownership is higher in
Car sales in
Private Chinese oil blenders had to plug a domestic shortfall, resulting in a surge of MTBE imports in recent months, traders said.
Prices of MTBE, which is used as oxygenate to increase the octane value of gasoline, were quoted at yuan (CNY) 7,300-7,400/tonne ($1,098-1,113/tonne), they said.
A 5,000-tonne MTBE cargo of Middle Eastern origin was traded at $870-880/tonne CFR (cost and freight)
($1 = CNY6.65)
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