11 September 2012 10:05 [Source: ICIS news]
SINGAPORE (ICIS)--Taiwan’s state oil refiner CPC Corp has bought by tender 5,000-10,000 tonnes of methyl tertiary butyl ether (MTBE) for delivery in November, market players said on Tuesday.
The parcels, which were for delivery into ?xml:namespace>
The origins of the potential one or two cargoes have yet to be defined by the seller, traders said.
“It is really a good buy,” one Chinese trader said.
MTBE demand has been under downward pressure, buying interest dwindles ahead of
“The market is rather stagnant now. There are offers, but just no buyers,” the Chinese trader added.
“Supply condition for MTBE is quite good for October,” one trader said.
MTBE is used as an additive to boost octane levels in gasoline.
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