TDI Chemical Price in India

US MTBE prices went down

Chemical Industry

Spot USG MTBE pricing slipped for the third consecutive session Friday amid sustained weakness in its Northwest European counterpart. With the premium to the FOB ARA marker unchanged at 10 cents, spot pricing followed Europe down 1.69 cents on the day. No activity was seen in the Platts Market on Close assessment process and spot trading activity was limited. Related energy was slightly stronger on the day, inching up 19 points to $1.3876/gal. Blended and shipped values were last estimated near 203 cents/gal while the MTBE factor relative to gasoline was at 1.1987. In other regions, the FOB Singapore marker was down $13/mt to $561/mt while the FOB ARA marker was 1.69 cents weaker at 156.44 cents/gal.  RATIONALE: Spot USG MTBE was assessed Friday at 166.44 cents/gal FOB USG, down 1.69 cents on the day. The assessment was based on a 10-cent premium to ARA, where the netback was last talked.