MTBE flat as low Korea stock meets slow China demand

Newswire

SINGAPORE, March 24 (Reuters) - Asia methyl tertiary butyl ether (MTBE) prices were flat from a week ago as tight supplies in South Korea met high inventory levels in China. Traders quoted the octane-enhancer at $320-$335 a tonne on a free-on-board Singapore basis, from last week's $320-$340. April supply in South Korea was tight due to rising demand for high-octane gasoline, traders said. Sources said South Korea's S-Oil Corp had stepped into the market for 3,000 tonnes of the ...

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