Triethylene Glycol Price Trend and Forecast

Triethylene Glycol Regional Price Overview

Get the latest insights on price movement and trend analysis of Triethylene Glycol in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Triethylene Glycol Price Trend for the Q1 of 2024

Asia

In Asia, the triethylene glycol market in China saw minimal fluctuations during the first quarter of 2024. Demand dynamics remained relatively stable, but the number of shipments from Asian ports decreased, impacting export profit margins. Further, a slight decrease in inventory and ongoing maintenance in the key manufacturing plants resulted in an overall limited supply of the commodity.
 

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The market also experienced a slowdown due to the Chinese New Year holidays and Spring festivities, which limited downstream industry procurement rates. Additionally, the region's macroeconomic outlook improved at a slower pace, providing only limited support to the triethylene glycol market.

Europe

In Europe, the triethylene glycol market mirrored trends seen in the USA, with Germany experiencing a price surge due to constrained regional supply and increased local demand. International offers declined slightly due to supply chain disruptions from the ongoing Israel-Hamas crisis. However, the rising ethylene oxide prices and increasing crude oil costs added to production expenses.

Logistics struggles, including marine freight disruptions caused by the Red Sea crisis and regional protests, further complicated the supply-demand dynamics. The maintenance shutdowns of key players like the Eastern Petrochemical Company and Yanbu National Petrochemical Company, along with reduced export volumes, led to lower feedstock inventories and higher export prices.

North America

In North America, triethylene glycol prices rose significantly in the first quarter of 2024, driven by heightened downstream demand and tight supply conditions. Major producers such as Dow Chemical, Indorama Ventures, and Lotte Chemical Corporation either shut down production units or reduced operational capacities due to severe cold weather, disrupting supply chains.

Meanwhile, demand from sectors like polyester and antifreeze increased notably, supported by improving macroeconomic indicators. This combination of heightened demand and insufficient feedstock inventory created a significant supply-demand gap, prompting key players to raise product prices.

Analyst Insight

According to Procurement Resource, the price of Triethylene Glycol is expected to incline at a gradual pace in the next quarters as the demand is likely to improve while the production and supply sectors of the market are expected to struggle amid the ongoing changes in global trade.

Procurement Resource provides latest prices of Triethylene Glycol. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.