NewsFlashAsia MTBE falls $53/tonne to seven-week low on weak crude

20 September 2012 10:41  [Source: ICIS news]

SINGAPORE (ICIS)--Asia’s methyl tertiary butyl ether (MTBE) prices plunged by $53/tonne on Thursday to land on a seven-week low, tracking losses in the crude futures market, traders said.

On Thursday’s close, MTBE prices were assessed at $1,101-1,103/tonne FOB (free on board) Singapore, while ICE Brent was at $107.44/bbl at 17:00 GMT.

Author: Ong Sheau Ling

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