NewsFlashAsia MTBE hits 10-month high on strong gasoline prices

15 February 2013 10:03  [Source: ICIS news]

SINGAPORE (ICIS)--Spot methyl tertiary butyl ether (MTBE) prices rose to a 10-month high on Friday, driven by strong gains in gasoline values in spite of the absence of players from the key China market this week, traders said.

At the close of trade on Friday, spot MTBE prices were assessed at $1,200-1,202/tonne FOB (free on board) Singapore, up $7/tonne from the previous day, according to ICIS.

Author: Ong Sheau Ling

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