Asian MTBE leaped $12/mt on the day, moving up on the back of short supply and relatively strong demand. Several traders were in the spot market, looking for cargoes loading in HI December and H2 December. According to one trader, producers were not willing to even entertain bids below the $800/mt FOB Singapore mark. A second trader contacted early morning indicated that it was willing to pay over $800/mt FOB Singapore, for both the HI December and H2 December laycans.
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