Global MTBE prices have risen sharply this year due to soaring demand and the promotion of clean fuel standards. According to the head of MTBE of DeWitt & Co, which is headquartered in Houston, the MTBE market gross margin has reached a record high, reaching $1.8/gallon.
As the price of gasoline in the United States continues to rise, the MTBE price has recently risen to 3.35 US dollars/gallon, and the European MTBE demand has also shown an unprecedented rapid increase. Venezuela also showed great enthusiasm for demand. Venezuela in the United States to purchase MTBE in the Gulf of Mexico for gasoline blending components, because the country has decided to phase out leaded gasoline, and use MTBE to reconcile gasoline.
The new fuel standards implemented in Europe this year require the aromatics content in gasoline to be reduced from 42% to 35%, which will greatly increase the demand for MTBE and increase the demand for high-octane gasoline, which will promote the price increase of MTBE. In the recent one month, the MTBE price has increased from US$600/tonne to US$900/tonne and is now close to US$1180/tonne.
As the price of gasoline in the United States continues to rise, the MTBE price has recently risen to 3.35 US dollars/gallon, and the European MTBE demand has also shown an unprecedented rapid increase. Venezuela also showed great enthusiasm for demand. Venezuela in the United States to purchase MTBE in the Gulf of Mexico for gasoline blending components, because the country has decided to phase out leaded gasoline, and use MTBE to reconcile gasoline.
The new fuel standards implemented in Europe this year require the aromatics content in gasoline to be reduced from 42% to 35%, which will greatly increase the demand for MTBE and increase the demand for high-octane gasoline, which will promote the price increase of MTBE. In the recent one month, the MTBE price has increased from US$600/tonne to US$900/tonne and is now close to US$1180/tonne.
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