Diethylene Glycol Prices In USA

• United States: 760 USD/MT

In December 2023, the price of diethylene glycol (DEG) in the United States climbed to $760 per metric ton during the fourth quarter.

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 trends. 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

• United States: 760 USD/MT
• South Korea: 651 USD/MT
• Germany: 870 USD/MT
• Saudi Arabia: 610 USD/MT

Report Offering:

• Monthly Updates – Annual Subscription
• Quarterly Updates – Annual Subscription
• Biannually Updates – Annual Subscription

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 market for Diethylene Glycol (DEG) is mainly propelled by its wide variety of applications in different industries, particularly in the plastic, polyester resin, and antifreeze domains. The dynamics of the DEG market were impacted by variations in supply and demand in various areas during the fourth quarter of 2023. Restrictions on supply combined with moderate to high demand from particular industries produced a range of availability and pricing situations worldwide.

Specifically, the antifreeze industry showed signs of a slow but steady rebound, suggesting that demand may be on the rise. The weak demand from the downstream plastic and polyester resin sectors, however, offset this. Furthermore, the market environment was further exacerbated by the fluctuation in feedstock prices, which had an impact on DEG’s market price and production costs. Regional variations added to the scenario’s complexity, with each location facing particular possibilities and problems related to supply chain dynamics, local market situations, and economic variables.

Diethylene Glycol Industry Analysis

In 2023, the size of the world market for diethylene glycol was 3.3 million tons. The IMARC Group projects that the market would grow at a predicted CAGR of 3.90% from 2023 to 2032, or 4.7 million tons. The DEG market had notable price swings in the last quarter of 2023, which were caused by a number of variables in various geographical areas. DEG prices in North America had a dynamic quarter overall, with little gains in October and November and a decline in December.

The reasons for this price volatility are variations in feedstock prices, slow growth in production, and disruptions in supply and demand. Due to fewer new orders and weaker export markets, the supply of DEG stayed low to moderate. The demand for DEG varied by industry, with the antifreeze sector showing signs of revival and the downstream polyester resin and plastic industries facing weak demand. Because of the cascade effect of feedstock price variations on DEG pricing, stakeholders found the North American market scenario to be especially difficult.

The APAC area, on the other hand, showed a mix trend, led by strong local demand, especially in South Korea, and a closing gap between supply and demand as a result of decreased worldwide availability and higher feedstock prices. Prices for DEGs were impacted by the decline in demand from the antifreeze industry, although demand for polyurethanes and other related products remained strong. Due to steady production and a steady supply of feedstock, the market in this area managed to regain some semblance of equilibrium, with prices in South Korea rising by 10% over the previous quarter.

Europe experienced difficulties, including a decline in demand from the plastics and polyester resin industries as well as an oversupply situation that resulted in a competitive market and lower pricing. Germany’s economic conditions made the issue worse, which resulted in a sharp drop in DEG demand. In the meanwhile, low demand from downstream sectors and the general state of the economy caused prices in the MEA area to decline.

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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