06 August 2012 10:26 [Source: ICIS news]
Tight availability of feedstock gas was primarily caused by fast expanded MTBE capacity in recent years, market players said.
Meanwhile, major refiners also expanded their MTBE capacities as they need MTBE to produce higher quality gasoline, market sources said.
However, high feedstock prices have dampened refiner’s interest in producing MTBE, according to sources.
A source at one Shandong-based teapot refiner said that they almost have no margins for producing MTBE because of rising feedstock prices.
MTBE prices in
Low operating rates at teapot refiners has limited the commercial supply of MTBE in the
($1 = CNY6.37)
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