Gasoline backwardation hampers blending demand for NWE MTBE, despite low factor

摘要

London — The backwardated gasoline market structure is hampering blending demand for MTBE in Northwest Europe, said sources Wednesday, despite the MTBE factor falling to a five-month low of 1.1989 Tuesday, on weak demand. "I think the [gasoline] backwardation is still limiting the interest from commercial blenders, even with a lower factor," said one source.