Polyethylene Glycol Price Trend, Supply & Demand, Historical Data

 

Polyethylene Glycol Price in USA

• United States: 1250 USD/MT (PET Bottle Grade)

The price of polyethylene glycol in USA was recorded as 1250 USD/MT.

The latest report by IMARC Group, titled "Polyethylene Glycol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of polyethylene glycol price trend. This report delves into globally, presenting a detailed analysis, along with 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.

Polyethylene Glycol Prices December 2023:

• United States: 1250 USD/MT (PET Bottle Grade)
• South Korea: 1980 USD/MT (Bottle)
• Belgium: 1190 USD/MT (PET Bottle)
• Saudi Arabia: 1132 USD/MT (PET Resin Bottle Grade)

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The study delves into the factors affecting Polyethylene 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/polyethylene-glycol-pricing-report/requestsample

Polyethylene Glycol Price Trend- Q4 2023

The polyethylene glycol (PEG) market is experiencing significant dynamics due to several key drivers. Primarily, the demand in the personal care and pharmaceutical sectors plays a crucial role, especially with PEG's applications in products like moisturizers and pharmaceutical formulations. However, this demand is tempered by the global supply chain challenges and fluctuations in raw material availability, particularly ethylene, which is a primary input for PEG production. These fluctuations are often influenced by broader economic activities, including crude oil production levels controlled by OPEC+, which indirectly affect the availability and price of ethylene. Additionally, logistical aspects such as global freight costs have a profound impact. The recent ease in freight costs, attributed to alternative routing like bypassing the Suez Canal, has slightly mitigated the cost pressures on PEG. Thus, the market is driven by a complex interplay of demand from key industrial sectors, supply chain dynamics including raw material availability, and logistical costs, all set against the backdrop of global economic conditions.

Polyethylene Glycol Industry Analysis

In North America, the PEG prices have seen a downward trend in the last quarter primarily due to a surplus in inventory levels post-holiday season and subdued consumption. The availability of stocks was robust, reducing the urgency among buyers to secure supplies, which in turn pressured the prices downward. Additionally, logistical improvements towards the quarter's end further eased the cost burdens on PEG, enabling producers to lower their quotations in response to the increased inventory and decreased demand, particularly from the personal care sector.

In the Asia-Pacific region, PEG prices were affected by several factors. Initially, stable demand for specific applications like fruit coatings supported prices, but this was offset by disruptions in the supply chain and geopolitical tensions impacting the availability of raw materials. As the quarter progressed, improved inventory levels and a reduction in orders, especially from the personal care and pharmaceutical sectors, led to a price decrease. The easing of global freight costs also played a role in reducing overall expenses, contributing to the downward price adjustment by the end of the quarter.

The European PEG market experienced mixed price movements. Early in the quarter, high inventory levels combined with sluggish demand led to price drops. However, prices partially recovered mid-quarter due to a spike in demand for food preservatives, which coincided with high food prices. The fluctuating availability of ethylene due to global crude oil market dynamics further complicated the pricing landscape. Additionally, labor shortages towards the end of the quarter disrupted production schedules, increasing operational costs, and leading to a nuanced price incline despite overall moderate offtakes.

In the Middle East and Africa, PEG prices generally trended downward, influenced by increased production rates and higher inventory levels at the quarter's start. However, disruptions in the supply chain and geopolitical issues slightly elevated production costs mid-quarter, prompting a brief price incline. Nevertheless, the region saw a decrease in orders towards the quarter's end, particularly from the food sector post-festival season, which allowed producers to lower prices to boost offtakes.

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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