Global MTBE prices will push slightly higher in the next month as crude prices push higher, but will weaken starting in September...
Octane markets should be slightly tighter in 2018 as refiners continue make low-sulfur gasoline while demand in Latin America grows...
GLOBAL CRUDE AND FEEDSTOCKS
GASOLINE MARKET FORECAST
BLENDING FUNDAMENTALS FORECAST
US octane spreads averaged 10.6￠/USG in July, slightly down from June, as blendstock inventories continue to dampen prices...
SUPPLY AND DEMAND OUTLOOK -AMERICAS
US methyl tertiary butyl ether (MTBE) production volumes increased as some MTBE producers came out of maintenance in May 2017...
Demand for MTBE from Latin American markets remains strong and Mexico was once again looking for gasoline in Europe as it tried to find better pricing...
SUPPLY AND DEMAND OUTLOOK -EUROPE
We understand that most methyl tertiary butyl ether (MTBE) production units should be running at full rates now following the spate of planned and unplanned outages in the first half of 2017...
Demand for MTBE continued at higher levels in recent weeks than was the case for most of 2Q...
SUPPLY AND DEMAND OUTLOOK - ASIA-PACIFIC
Supplies of methyl tertiary butyl ether (MTBE) in China continue to be ample amid demand for the gasoline additive...
High inventories of gasoline within China continue to plague the market despite Sinopec returning to purchase wholesale gasoline from the market...