23 July 2012 09:24 [Source: ICIS news]
SINGAPORE (ICIS)--Prices of methyl tertiary butyl ether (MTBE) at ?xml:namespace>
Prices of MTBE with around 98% purity were at yuan (CNY) 8,250-8,350/tonne ($1,295-1,310/tonne) in
MTBE prices in
Brent crude prices exceeded $107/bbl in the week of 16 July, after rising for seven consecutive sessions.
This supported expectations that gasoline and diesel prices in
Gasoline blenders and traders, who were previously keeping low inventories in anticipation that prices will drop, are now showing stronger interest in restocking because of the pick-up in MTBE prices, traders said.
Gasoline consumption in
($1 = CNY6.37)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections