Get the latest insights on price movement and trend analysis of Trimethylene Glycol in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
For the First Half of 2022
The first quarter saw an increase in the Trimethylene Glycol market as a result of rising demand from downstream sectors. However, the upsurge in crude oil prices has put tremendous pressure on downstream derivatives' costs. Trimethylene Glycol prices increased as a result since the first quarter. The second quarter in China saw a fall in trimethylene glycol prices as a result of excess supply and weak demand due to COVID restrictions. The plunging crude oil futures further dragged the trimethylene price trends.
The market for trimethylene glycol in Europe shrank during the first half of Q1. The worsening situation between Russia and Ukraine led to weak trimethylene glycol demand in the first quarter, which led to a decrease in price. Throughout the second quarter, trimethylene glycol prices soared across Europe.
Since the price of crude oil has been rising, primarily owing to OPEC+ countries' low output and limited supply. Furthermore, after EU sanctions on Russian oil imports, the cost of products made from petrochemicals increased. As a result of the aforementioned factors as well as the expanding feedstock ethylene market, the price of trimethylene glycol in Europe increased.
During the first half of Q1 in North America, the trimethylene glycol market experienced a stable to sluggish trend. During the supply disruption brought on by the Russia-Ukraine war, the US market experienced sluggish demand from the downstream textile industry; however, the market eventually experienced an improvement when supply relaxed.
Throughout the second quarter, trimethylene glycol prices increased. Markets for ethylene glycol, glycol ether, and polyol feedstocks experienced exceptional volatility, supported by the stable price of crude oil. As a result, the market for trimethylene glycol increased in June 2022.
Procurement Resource provides latest prices of Trimethylene 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.
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