13 April 2011 11:05 [Source: ICIS news]
Prices were also tracking robust global crude futures, with London Brent crude oil above $121/bbl (€83/bbl). Lofty European MTBE prices also triggered a rally in Asian prices, they added.
Domestic MTBE prices rose to yuan (CNY) 9,600-9,800/tonne ($1,468-1,498/tonne) on Wednesday, with fresh offers at CNY10,000/tonne, they said.
“Supplies are very tight because there are hardly any imports,” one market player said.
($1 = €0.69 / $1 = CNY6.54)
Additional reporting by Hedy Dong
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