Asian MTBE prices hit near 2-year high on Middle East feedstock supply uncertainty

Asian MTBE prices rose about 5% to a near two-year high March 3, with further increases expected in the near term, as the ongoing US-Iran conflict raised concerns over potential cuts to crucial feedstock supplies from the Middle East, several Asia-based producers and traders said March 4. Platts, part of S&P Global Energy, assessed MTBE FOB Singapore up $39.13/metric ton day over day at $818.54/mtAsian MTBE prices rose about 5% to a near two-year high March 3, with further increases expected in the near term, as the ongoing US-Iran conflict raised concerns over potential cuts to crucial feedstock supplies from the Middle East, several Asia-based producers and traders said March 4. Platts, part of S&P Global Energy, assessed MTBE FOB Singapore up $39.13/metric ton day over day at $818.54/mtRead More