MTBE/Ethanol:Philly done

摘要

The only MTBE deal of the day was in Philadelphia,50,000bbl for April,at 3 cts off the USGC;most put more prompt material in NY at a slightly higher price.In the USGC the market was weak at a penny over the NYMEX.Even at a penny,however,it is profitable to make MTBE,so some are predicting that the price for MTBE can actually go under gasoline.Ethanol racks continued higher Monday,in the