US,European MTBE prices hit record highs amid rising energy prices

摘要

Houston-US and European MTBE prices hit record highs in the second week of August,fueled by record high crude and gasoline prices,increased demand for blendstocks and reports of cargoes that have been diverted and other export cargoes that have pulled material out of the US.MTBE spot prices in the US Gulf Coast reached new record highs Aug 10,trading at 3.25/gal(l,153.75/mt)on an absolute basis,or the equivalent of 1.35/gal over the September NYMEX unleaded print.The sale was for 25,000 bbl,loading in mid-August.Strong gasoline prices overall,tight octane supplies,and reports of continued