MTBE margins in NW Europe three times those of ETBE

In Northwest Europe, MTBE margins are three times higher than those for ETBE thanks to a depressed methanol market mixed with continued tightness in the European ethanol market that is now expected to last well through the fall. Ethanol spot prices are currently around $800 per metric ton. Methanol prices on the other hand have fallen to a four-year low of $281.50/mt FOB Rotterdam due to oversupplies further compounded by low Danube water levels that are restricting barge traffic. The hoped-for Asian demand recovery has lost some of its optimism as China’s market refuses to recover.

This entry was posted in Biodiesel Report. Bookmark the permalink.