Diethylene Glycol Prices In USA
- United States: 760 USD/MT
The diethylene glycol prices in the USA for Q4 2023 reached 760 USD/MT in December. October and November recorded slight price increases, followed by a decline in the month of December.
The latest report by IMARC Group, titled "Diethylene Glycol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of the Diethylene Glycol Prices. This report delves into the price of Diethylene Glycol globally, presenting a detailed analysis, along with an informative Price Chart. Through comprehensive Price analysis, the report sheds light on the key factors influencing these trend. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the Demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Diethylene Glycol Prices Analysis
- South Korea: 651 USD/MT
- Germany: 870 USD/MT
- Saudi Arabia: 610 USD/MT
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The study delves into the factors affecting diethylene glycol price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/diethylene-glycol-pricing-report/requestsample
Diethylene Glycol Price Trend- Last Quarter
The diethylene glycol (DEG) market is influenced by several key factors driving its demand across various industries. One of the primary drivers is the increasing use of DEG in the production of polyester fibers and resins, particularly in textiles and packaging materials. The growth of the textile industry, fueled by rising consumer demand for apparel and home textiles, has significantly bolstered DEG consumption. Additionally, the expanding automotive sector utilizes diethylene glycol in antifreeze and coolant formulations, further propelling the market growth.
The construction industry also contributes to the demand for DEG due to its application in producing solvents, plasticizers, and as a humectant in construction materials. Technological advancements in manufacturing processes have improved the efficiency of DEG production, thereby reducing costs and increasing availability. Furthermore, the trend toward sustainability has encouraged the adoption of bio-based DEG, appealing to environmentally conscious consumers. These factors collectively drive the growth of the diethylene glycol market.
Diethylene Glycol Industry Analysis
In the second quarter of 2024, the North American Diethylene Glycol (DEG) market faced a significant decline in pricing, primarily influenced by several critical factors. A notable reduction in demand from the downstream resin manufacturing sector, coupled with a sluggish construction industry, contributed to this downward trend.
Furthermore, elevated freight rates and fluctuating crude oil prices added to the bearish sentiment, while high inventory levels exacerbated the situation. In the United States, these challenges were especially evident, leading to substantial price shifts. The market experienced consistent decreases in DEG prices as low demand from various industries resulted in an oversupply.
In the second quarter of 2024, the Diethylene Glycol (DEG) market in the Asia Pacific region experienced significant price increases due to several driving factors. Rising production costs, particularly from elevated feedstock prices of Ethylene Oxide, combined with heightened demand from resin manufacturing sectors, shaped the pricing landscape. Additionally, fluctuations in crude oil prices further contributed to increased production expenses, exerting upward pressure on DEG prices. Seasonal dynamics, notably the surge in construction activities following spring, also enhanced the demand for downstream products, positively impacting DEG pricing.
In the second quarter of 2024, the Diethylene Glycol (DEG) market in Europe experienced notable fluctuations influenced by varying feedstock prices and seasonal shifts in demand from downstream industries. The volatility in crude oil prices, coupled with low purchasing sentiment and reduced consumption in end-use sectors due to rising inflation and increasing interest rates, collectively impacted the overall pricing landscape. Germany was particularly affected by these dynamics, witnessing the most significant price variations in the region. Logistical challenges and localized disruptions, combined with shifting demand from key industries, created a complex market environment.
In the second quarter of 2024, the Diethylene Glycol (DEG) market in the MEA region experienced a significant increase in pricing, primarily driven by several interrelated factors. Supply chain challenges, notably congestion and equipment shortages at major ports, alongside strong demand from downstream sectors, exerted upward pressure on DEG prices. Steady demand from local resin producers, coupled with active construction activities, helped maintain this upward momentum. Additionally, rising feedstock costs and logistical hurdles further reinforced this trend, highlighting a bullish sentiment in the market.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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