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Diethylene Glycol Prices, Pricing, Demand & Supply

North America

In the fourth quarter of 2023, the Diethylene Glycol (DEG) market in North America experienced a mix of challenges and opportunities.

The market was primarily affected by disruptions in both supply and demand, leading to fluctuating prices. First, the overall supply of DEG in the region remained low to moderate, with concerns about sluggish growth in production due to a decrease in new orders and subdued export markets. On the demand side, there was moderate to high demand from various industries, including the antifreeze sector, which showed signs of a gradual recovery. However, there was sluggish demand from the downstream polyester resin and plastic sectors. Additionally, the market experienced fluctuations in feedstock prices, which had a cascading effect on DEG prices.





In the USA, the largest market in the region, DEG prices saw a slight increase in October and November, followed by a decrease in December. The price change from the previous quarter was +2.0% in October, +2.3% in November, and -1.8% in December. Overall, the DEG market in North America experienced a dynamic quarter with various factors influencing prices. The latest price of DEG CFR Texas in the USA for the current quarter is USD 765/MT.

APAC

The Diethylene Glycol Prices in the APAC region during Q4 2023 witnessed a mix trend due to firm demand from the domestic market, especially in South Korea, where the FOB Busan price of DEG was recorded at USD 656/MT. The supply of DEG remained low due to reduced availability of products in the global market, heightened feedstock prices, and surplus material availability, leading to a narrowed gap between demand and supply. The downstream industries such as polyurethanes and antifreeze sectors maintained a high demand for the product, while reduced demand from the downstream antifreeze sector remained a primary reason for the decrease in DEG prices. Furthermore, the market achieved a balance due to consistent feedstock supply and uninterrupted production. No plant shutdowns were reported during the quarter. In comparison to the same quarter last year, the price of DEG remained stable with no changes. However, the price of DEG in South Korea increased by 10% in the current quarter compared to the previous one. The price comparison between the first and second half of the quarter showed a decline of 2%. Overall, the bullish trend in the DEG market in the APAC region during Q4 2023 was driven by firm demand, reduced supply, and consistent production.

Europe

In the fourth quarter of 2023, the Diethylene Glycol (DEG) market in Europe experienced a challenging period with several factors impacting prices and market dynamics. Firstly, there was a decrease in demand from the downstream polyester resin and plastic sectors, which exerted downward pressure on DEG prices. This decline in demand was attributed to the weakening fundamentals in these industries and customer uncertainty. Additionally, the antifreeze industries showed signs of a gradual recovery, but the extent of this recovery remained uncertain. Another significant factor was the oversupply condition in the region, as European producers limited supply to align with subdued demand and prevent excess inventories. This oversupply situation led to a competitive market where suppliers resorted to selling inventories at discounted prices. Furthermore, the German market, in particular, experienced a decline in demand due to persistent inflationary pressures, weak microeconomic activities, and a decrease in the Consumer Price Index. Despite these challenges, the quarter ended with a price of USD 875/MT of Diethylene Glycol CFR Hamburg in Germany. This price represents a -10% decrease from the previous quarter and a -30% decrease compared to the same quarter of the previous year.


Get Real Time Prices Of Diethylene Glycol Prices:- https://www.chemanalyst.com/Pr....icing-data/diethylen

MEA

In the current quarter of 2023 (Q4), the Diethylene Glycol (DEG) market in the Middle East and Africa region faced several challenges. Firstly, there was a significant decrease in prices, with a percentage change of -4% compared to the previous quarter. This decline can be attributed to weak demand from downstream industries such as polyester resin and plasticizers, as well as the overall economic situation in the region. Additionally, the market experienced a decrease in demand from the antifreeze sector, further contributing to the downward pressure on prices. In Saudi Arabia, the largest producer in the region, the DEG market was particularly affected. The country saw a decline in prices, with a percentage change of -6% compared to the same quarter of the previous year. This can be attributed to the sluggish demand from the polyester resin industry and the cautious outlook of the antifreeze sector. Additionally, the availability of excess inventory in the market and the impact of rising production costs due to higher raw material prices further contributed to the price decline. There were no reported plant shutdowns during this quarter. The latest price of Diethylene Glycol FOB Jeddah in Saudi Arabia for the current quarter is USD 615/MT.

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Being awarded ‘The Product Innovator of the Year, 2023’, ChemAnalyst is an indispensable tool for navigating the risks of today's ever-changing chemicals market.

The platform helps companies strategize and formulate their chemical procurement by tracking real time prices of more than 400 chemicals in more than 25 countries.

ChemAnalyst also provides market analysis for more than 1000 chemical commodities covering multifaceted parameters including Production, Demand, Supply, Plant Operating Rate, Imports, Exports, and much more. The users will not only be able to analyse historical data but will also get to inspect detailed forecasts for upto 10 years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.