27 August 2012 10:37 [Source: ICIS news]
SINGAPORE (ICIS)--Prices of methyl tertiary butyl ether (MTBE) at ?xml:namespace>
Prices of MTBE with around 98% purity were assessed at yuan (CNY) 9,050-9,150/tonne ($1,423-1,439/tonne) in
MTBE prices have been rising since early July to nearly a four-month high on 27 August as firmer international crude oil prices boosted sentiment in the gasoline market and that consequently increased MTBE consumption, traders said.
Around 90% of MTBE in
However, the current high prices have weakened buying interest and some market players said they are largely consuming the MTBE stocks that they have previously purchased, while gasoline blenders are buying on a hand-to-mouth basis.
MTBE producers in
($1 = CNY6.36)
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