03 August 2012 09:14 [Source: ICIS news]
SINGAPORE(ICIS)--Prices of methyl tertiary butyl ether (MTBE) in ?xml:namespace>
Ex-terminal barge prices of MTBE in south China rose to yuan (CNY) 8,700-8,800/tonne ($1,363-1,379/tonne) on 3 August, up by CNY1,300/tonne from one month ago, according to C1 Energy, an ICIS service in
The price in east
MTBE prices in
Brent crude prices rose from $93/bbl in late June to around $103/bbl in late July.
Under the existing pricing scheme,
Growing fuel price hike expectations will continue to support MTBE market sentiment.
However, downstream buyers may be deterred by the high prices and hence are buying on a hand-to-mouth basis, traders said.
In addition, MTBE supply in
Only two import cargoes with a total of 10,000 tonnes of MTBE are likely to head to east
($1 = CNY6.38)
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