Free Methyl Tertiary Butyl Ether pricing New York
- Location: New York, New York, NY
In Q1 2022, Methyl Tertiary Butyl Ether pricing surged due to supply shortage and robust demand from downstream consumer’s end. Rising tension between Russia and Ukraine in the second half of the quarter further bolstered the shortage in the downstream gasoline industries. Downstream Gasoline prices rose significantly as major plant turnaround in second half of quarter affected the production units due to the surge in operating cost. Increasing sanctions on Russia from different regions reduced Natural Gas exports which surged the prices of MTBE in United States. In the first quarter, the price of MTBE surged by 3% in the domestic market as compared to the previous quarter.
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