The Asian METHYL TERT BUTYL ETHER marker jumped $21/mt day on day to reach $701/mt FOB Singapore largely owing to stronger 92 RON gasoline prices. However, the the METHYL TERT BUTYL ETHER factor, which measures the ratio between the daily assessments for FOB Singapore METHYL TERT BUTYL ETHER and Mean of Platts Singapore 92 RON gasoline, was assessed at1.212 down.Trading remained slow as participants gradually entered the market after the Chinese New Year holidays. An industry source said that possible capacity from a joint venture of Sinopec Jinling and US-based Huntsman Corp. in second-half 2017 could lower imports into China. Domestic Chinese prices of METHYL TERT BUTYL ETHER were also heard to be weaker due to a domestic supply glut. In Europe, the FOB ARA marker was assessed at $681.5/mt Wednesday, up $12.50/mt from as some arbitrage windows towards the US had recently opened, for large shipments of over 20,000mt.the FOB Singapore METHYL TERT BUTYL ETHER marker was assessed at $680/mt. April ICE Brent crude futures rose by $0.83/b to $55.57/b at the 0830 GMT Asian close MOPS 92 RON gasoline was assessed at $68.42/b, up $2.14/b over the same period. The inter-RON spreads mained unchanged, with the 97/92 RON spread at $3.71/b, the 97/95 RON spread at $0.99/b, and the 95/92 RON spread at $2.72/b. RATIONALE: Asian METHYL TERT BUTYL ETHER was assessed up $21/mt from at $701/mt FOB Singapore on higher gasoline prices. No bids or offers were registered during the Platts Market on Close assessment process. The METHYL TERT BUTYL ETHER factor was moved down to 1.212 from 1.214 from a day ago. The H2 February, H1 and H2 March laycans were assessed at $701/mt.
US Gulf Coast METHYL TERT BUTYL ETHER slid tracking global declines amid talk of a well-supplied market. US Gulf Coast METHYL TERT BUTYL ETHER was assessed at $2.0070/gal FOBUSG, down 1.25 cents day on day. The assessment has surpassed the $2/gal level for 13 sessions this year after last month reaching that threshold for the first time since September 2015, S&P Global Platts data showed. US gasoline stocks declined 869,000 barrels to 256.2 million barrels in the week ended February 3 after five consecutive weeks of increases, Energy Information Administration data showed The draw came amid expectations of an increase of 1.2 million barrels. NYMEX March RBOB gained 1.75 cents to$1.5702/gal in response to the inventory data. NYMEX March crude rose 66 cents to $53.00/b after it initially dipped when EIA data showed US crude stocks climbed 13.83 million barrels last week to 508.592 million barrels. ICE April Brent gained 51 cents to $55.63/b. European METHYL TERT BUTYL ETHER fell $4.50 to $677/mt FOBARA. The MTBE factor to Eurobob gasoline fell 0.023 to 1.218 as EBOB gained$6.75/mt to $556/mt FOB AR. Asian METHYL TERT BUTYL ETHER rose $21/mt to $701/mt FOB Singapore with Mean of Platts Singapore 92 RON gasoline gaining $2.14/b to $68.42/b. RATIONALE:US Gulf Coast METHYL TERT BUTYL ETHER was assessed at $2.0070/gal FOB USG, down 1.25cents day on day. The assessment was based on the netback to Europe, accounting for the European price plus an estimated 10 cents/gal for freight.
European ethers prices fell along with the factor amid a well supplied METHYL TERT BUTYL ETHER market and as gasoline prices gained value. The price for the 5-15-day laycan was assessed at $677/mt FOB ARA Thursday, down $4.50/mt, while ETBE carried over its $185/mt premium over METHYL TERT BUTYL ETHER to price at $862/mt FOB AR. The market remained flat as the factor returned to last week's lows on stable supply and demand. The factor over gasoline fell 0.023 to 1.218 as gasoline gained $6.75/mt to be assessed at $556/mt for Eurobob physical barges FOB AR. The gain was largely independent of ICE Brent crude, which added a modest$0.09/b to be assessed at $55.48/b at Platts market close. In the US, the METHYL TERT BUTYL ETHER spot price regainedlosses to add $12.50/mt to be assessed at $717/mt FOB USG. Asian prices also reversed earlier losses this week and added $21/mt to be assessed at $701/mt FOB Singapore ETBE's$185/mt premium was unchanged as ethanol prices jumped another Eur13/cu m at the last assessment to Eur620/cu m FOB Rotterdam. Acute ethanol tightness has forced the price to highs last seen in December 2015.RATIONALE:S&P Global Platts assessed METHYL TERT BUTYL ETHER loading 5-15 days forward at $677/mt FOB ARA down $4.50/mt on the day. The assessment was made on a mid-window deal between STR and Lyondell, on the bid at $677/mt. AOT was the only outstanding bid at $676/mt. ETBE was assessed at $862/mt FOB AR, with the premium to at $185/mt. The premium was unchanged on the day amid a lack of fresh indications.
US Gulf Coast METHYL TERT BUTYL ETHER slid tracking global declines amid talk of a well-supplied market. US Gulf Coast METHYL TERT BUTYL ETHER was assessed at $2.0070/gal FOBUSG, down 1.25 cents day on day. The assessment has surpassed the $2/gal level for 13 sessions this year after last month reaching that threshold for the first time since September 2015, S&P Global Platts data showed. US gasoline stocks declined 869,000 barrels to 256.2 million barrels in the week ended February 3 after five consecutive weeks of increases, Energy Information Administration data showed The draw came amid expectations of an increase of 1.2 million barrels. NYMEX March RBOB gained 1.75 cents to$1.5702/gal in response to the inventory data. NYMEX March crude rose 66 cents to $53.00/b after it initially dipped when EIA data showed US crude stocks climbed 13.83 million barrels last week to 508.592 million barrels. ICE April Brent gained 51 cents to $55.63/b. European METHYL TERT BUTYL ETHER fell $4.50 to $677/mt FOBARA. The MTBE factor to Eurobob gasoline fell 0.023 to 1.218 as EBOB gained$6.75/mt to $556/mt FOB AR. Asian METHYL TERT BUTYL ETHER rose $21/mt to $701/mt FOB Singapore with Mean of Platts Singapore 92 RON gasoline gaining $2.14/b to $68.42/b. RATIONALE:US Gulf Coast METHYL TERT BUTYL ETHER was assessed at $2.0070/gal FOB USG, down 1.25cents day on day. The assessment was based on the netback to Europe, accounting for the European price plus an estimated 10 cents/gal for freight.
European ethers prices fell along with the factor amid a well supplied METHYL TERT BUTYL ETHER market and as gasoline prices gained value. The price for the 5-15-day laycan was assessed at $677/mt FOB ARA Thursday, down $4.50/mt, while ETBE carried over its $185/mt premium over METHYL TERT BUTYL ETHER to price at $862/mt FOB AR. The market remained flat as the factor returned to last week's lows on stable supply and demand. The factor over gasoline fell 0.023 to 1.218 as gasoline gained $6.75/mt to be assessed at $556/mt for Eurobob physical barges FOB AR. The gain was largely independent of ICE Brent crude, which added a modest$0.09/b to be assessed at $55.48/b at Platts market close. In the US, the METHYL TERT BUTYL ETHER spot price regainedlosses to add $12.50/mt to be assessed at $717/mt FOB USG. Asian prices also reversed earlier losses this week and added $21/mt to be assessed at $701/mt FOB Singapore ETBE's$185/mt premium was unchanged as ethanol prices jumped another Eur13/cu m at the last assessment to Eur620/cu m FOB Rotterdam. Acute ethanol tightness has forced the price to highs last seen in December 2015.RATIONALE:S&P Global Platts assessed METHYL TERT BUTYL ETHER loading 5-15 days forward at $677/mt FOB ARA down $4.50/mt on the day. The assessment was made on a mid-window deal between STR and Lyondell, on the bid at $677/mt. AOT was the only outstanding bid at $676/mt. ETBE was assessed at $862/mt FOB AR, with the premium to at $185/mt. The premium was unchanged on the day amid a lack of fresh indications.
