Asia MTBE prices firm as U.S. gasoline soars

Newswire

SINGAPORE, March 31 (Reuters) - Asian methyl tertiary butyl ether (MTBE) prices climbed higher from week-ago levels as traders turned their focus to better demand for May cargoes from China and soaring gasoline prices in the United States. Traders quoted the octane-enhancer at $330-$335 a tonne on a free-on-board Singapore basis on Wednesday, up from last week's $327 a tonne. "Asian spot MTBE prices are a touch stronger. May demand is looking better. It's starting to pick up now," said a ...

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