Triethylene Glycol Price In USA
- United States: 1084 USD/MT
The price of triethylene glycol in North America was influenced by elevated production costs and higher prices of feedstock ethylene oxide and naphtha.
The latest report by IMARC Group, titled "Triethylene Glycol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of Triethylene Glycol Prices. This report delves into the price of Triethylene Glycol globally, presenting a detailed analysis, along with informative Triethylene Glycol price chart. Through comprehensive Triethylene Glycol price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the Triethylene Glycol 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.
Triethylene Glycol Price Analysis:
- China: 1210 USD/MT
- Germany: 1563 USD/MT
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The study delves into the factors affecting Triethylene 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.
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Triethylene Glycol Price - Last Quarter
In Europe, triethylene glycol prices experienced volatility throughout Q4 2023 due to ongoing supply constraints and limited production, leading to tightened availability in the region. Demand levels fluctuated between moderate and high, especially from the oilfield and plasticizer sectors, adding to price pressures. In Germany, however, November brought a noticeable price drop attributed to oversupply and weaker demand within the oilfield sector, impacted by lower natural gas prices. Although the plasticizer sector began showing signs of recovery, market conditions remained challenging, reflecting a complex interplay of supply, demand, and energy cost influences on TEG pricing.
North America's triethylene glycol market in Q4 2023 faced significant challenges, marked by tight supply and varied demand dynamics across industries. Reduced production amid high demand, particularly in oilfields and plasticizers, applied upward pressure on prices. Rising feedstock costs, including ethylene oxide and naphtha, further impacted pricing trends. Despite positive economic indicators supporting industrial sectors, lower feedstock costs and decreased production led to softened triethylene glycol prices by November. Additional issues, such as natural gas pipeline bottlenecks and Panama Canal delays, compounded supply chain difficulties, leading to inventory buildups and affecting overall market dynamics.
In Asia-Pacific, the triethylene glycol market showed mixed patterns in Q4 2023, with supply disruptions and high feedstock prices resulting in constrained availability. Demand from key sectors like oilfields and plasticizers was moderate, but rising production costs, particularly in China, drove TEG prices higher. Supply constraints and geopolitical tensions added complexity to market conditions, while production challenges in specific countries further disrupted supply chains. Strong downstream demand maintained some market stability, leading to a bullish outlook toward the end of the quarter, as tight supply combined with fluctuating economic factors to sustain elevated price levels.
Triethylene Glycol Market Analysis
The rising use of triethylene glycol in dehydration processes for natural gas for its ability to efficiently remove water, enhancing gas purity and flow, is contributing to the market growth. Moreover, the moisture-retention properties of triethylene glycol are encouraging its incorporation in products like creams, lotions, and soaps. Apart from this, the growing employment of triethylene glycol in the automotive industry in various fluids, including brake and hydraulic fluids, where its high boiling point and stability under pressure are advantageous, is offering a favorable market outlook. Furthermore, the increasing innovations in triethylene glycol production processes are leading to cost reductions and improved yields, making it more accessible and affordable for various applications.
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
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco.
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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