Diethylene Glycol Prices

Diethylene Glycol (DEG) Prices June 2024

The diethylene glycol (DEG) prices in the United States for Q2 2024 reached 875 USD/MT in June. The region experienced a decline in prices on account of reduced demand from the downstream sector and an oversupplied market. The construction industry’s downturn, worsened by economic headwinds and increasing mortgage prices, amplified this trend. Higher freight rates and volatile crude oil prices further contributed to the overall negative pricing environment.

The price trend for DEG in South Korea for Q2 2024 settled at 655 USD/MT in June. The market experienced considerable price growth due to rising feedstock prices and strong export demand. Stable domestic consumption, combined with increased seasonal construction activities, supported this uptrend. The increment in demand for polyethylene polyurethane resins, bolstered by steady market conditions, reinforced positive pricing dynamics throughout the quarter.

In Germany, DEG prices for Q2 2024 reached 1045 USD/MT in June. The market experienced price fluctuations because of low feedstock costs and decreased demand from end use sectors. Logistical disruptions and weaker purchasing sentiment impacted the market, while inflation and rising interest rates reduced downstream consumption, resulting in a largely mixed pricing environment with a downward tilt.

In Saudi Arabia, DEG prices for Q2 2024 reached 730 USD/MT in June. The market prices increased due to supply chain challenges and vigorous requirements from downstream sectors. The Government’s Vision 2030 infrastructure projects and industrial activity sustained high demand, while logistical constraints and higher feedstock prices further supported the positive pricing trend in the region.

Diethylene Glycol (DEG) Prices March 2024

In Germany, the diethylene glycol (DEG) prices for Q1 2024 reached 1150 USD/MT in March. The prices increased during the first quarter, driven by a mix of high demand and supply chain disruptions. Multiple plant closures constrained availability, while strikes and unfavorable weather exacerbated transportation issues. These factors, along with heightened freight costs, created a bullish market environment as local industries like polyester and polyurethane faced tightened supply conditions.

Diethylene Glycol (DEG) Prices December 2023

The diethylene glycol prices in the USA for Q4 2023 reached 760 USD/MT in December. October and November recorded slight price increases, followed by a decline in the month of December. This fluctuation resulted from factors like variable feedstock costs and varying demand levels across different sectors, including antifreeze and plastics.

The price trend for diethylene glycol in South Korea for Q4 2023, reached 651 USD/MT in December, demonstrating a strong performance due to rising consumption from local industries. However, a decline in global supply and increased feedstock costs led to constrained availability. Despite these challenges, the country's market remained resilient, with a noted increase in prices driven by consistent domestic demand and stable production rates.

The price trend for diethylene glycol in Germany for Q4 2023, reached 870 USD/MT in December due to economic challenges and declining demand from downstream sectors. Inflation and weaker consumer activity pressured the market, causing prices to drop. The oversupply condition further intensified competition, leading to price reductions as suppliers sought to manage inventories.

The price trend for diethylene glycol in Saudi Arabia for Q4 2023, reached 610 USD/MT in December, reflecting a sluggish demand from key sectors like polyester resins and a cautious antifreeze market outlook. Higher production costs, due to increased feedstock prices, added further strain, contributing to a challenging market environment despite steady supply levels.

Regional Coverage

The report provides a detailed analysis of the diethylene glycol market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the diethylene glycol price trend.

Global Diethylene Glycol (DEG) Price

The report offers a holistic view of the global diethylene glycol pricing trends in the form of diethylene glycol price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into diethylene glycol historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into diethylene glycol price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed diethylene glycol demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Diethylene Glycol (DEG) Price

Q2 2024:

The Q2 2024 was marked by fluctuating DEG prices in Europe, which can be accredited to volatility in feedstock costs and seasonal shift in the downstream demand. Crude oil price instability, combined with low purchases, impacted the market, while reduced end-use demand linked to high inflation and rising interest rates contributed to the subdued outlook. Germany saw the most pronounced price adjustments in the region, influenced by logistical issues and localized disruptions. Although feedstock prices, particularly for ethylene oxide, remained low, enabling some market stability, demand softness from key industries weighed on prices. Overall, the market displayed a mixed trend, with effective supply chain management preventing sharper declines despite ongoing economic challenges.

Q1 2024:

The DEG market in Europe experienced notable price increases in the first quarter of 2024, driven by supply limitations and logistical challenges. Several plant closures across Europe restricted DEG availability, leading to a bullish market trend. Apart from this, geopolitical conflicts in key shipping routes disrupted freight movement, adding to the cost pressures on DEG. In Germany, robust demand from industries like polyester and polyurethane coincided with transportation issues from strikes and severe weather, pushing prices further upwards. These conditions created a challenging environment for market participants, as rising freight costs and feedstock fluctuations compounded the impact of limited supply. Overall, European DEG prices saw upward momentum, largely influenced by constrained supply and transport disruptions.

Q4 2023:

In Europe, the diethylene glycol during Q4 2023 faced significant challenges with numerous factors influencing market conditions. Reduced demand from end use sectors such as polyester resins and plastics, coupled with oversupply, created a competitive environment. The antifreeze sector showed some recovery signs, but the impact was limited by overall economic uncertainties. The market's oversupply led suppliers to reduce prices to clear inventories. The German market witnessed a particular downturn, driven by inflationary pressures and weakened consumer confidence, affecting demand and price stability. Despite these difficulties, the market ended with lower prices compared to the previous quarters and the same period last year, reflecting the ongoing challenges in the region.

This analysis can be extended to include detailed diethylene glycol price information for a comprehensive list of countries.

North America Diethylene Glycol (DEG) Price

Q2 2024:

During the second quarter of 2024, the market faced a downward pricing trend because of multiple adverse factors. Demand from key downstream sectors, particularly the reason manufacturing and construction industries, declined significantly, resulting in reduced market activity. The construction sector’s challenges, exacerbated by rising mortgage rates and economic instability, played a pivotal role in weakening demand for DEG. In addition, elevated freight rates, fluctuating crude oil prices, and substantial inventory levels compounded the bearish sentiment, creating an oversupply situation that kept prices under pressure. The quarter began with some price stability, but by the latter half, market conditions deteriorated further.

Q1 2024:

The North American DEG market faced upward pricing pressure during the first quarter of 2024, primarily due to supply constraints and heightened demand. Severe cold weather led to multiple production plant shutdowns, reducing the availability of DEG and driving prices higher. Demand surged, especially in the antifreeze sector, as freezing temperatures fueled consumption in automotive applications. The situation was further complicated by fluctuations in raw material costs and logistical challenges, particularly following disturbances in freight routes. Key industry players implemented price adjustments, influencing overall market trends. These combined factors resulted in significant price increases, with a marked impact on the United States market, where inventory levels initially maintained stability before a sharp rise in prices at the end of the quarter.

Q4 2023:

In Q4 2023, North America's diethylene glycol industry faced varied conditions due to problems in demand and supply, which caused price fluctuations. The supply was limited, partly because of decreased production growth and sluggish export activity. Fluctuating feedstock prices also affected DEG prices throughout the quarter. The USA, as a key player in this market, saw prices fluctuate with a slight rise in the first two months, followed by decline at the end. This period was marked by dynamic shifts influenced by multiple factors affecting overall market stability.

Specific diethylene glycol historical data within the United States and Canada can also be provided.

Middle East and Africa Diethylene Glycol (DEG) Price

Q2 2024:

The DEG market showed a market price increase during Q2 2024, propelled by several supportive factors. Supply chain disturbances, such as shortages of equipment and port congestion, combined with steady demand from downstream sectors, kept upward pressure on prices. The price increment was especially prominent in Saudi Arabia, driven by heightened industrial activity linked to large-scale infrastructure projects under the Vision 2030 initiative. Seasonal effects also contributed as the post-Ramadan period typically experienced an uptick in industrial activity. Heightened feedstock costs and logistical challenges further sustained the positive momentum.

Q1 2024:

In Q1 2024, the Middle East and Africa DEG market encountered price fluctuations due to a combination of supply constraints, logistical challenges, and demand shifts. Production unit closures in Saudi Arabia tightened supply, leading to price hikes, especially as the region faced marine transport issues exacerbated by Red Sea tensions. Saudi Arabia, a major DEG exporter to Asia, felt these challenges acutely, as fluctuations in global crude oil prices also raised manufacturing expenses. Towards the quarter’s end, inventory levels improved, leading to smoother supply and slightly stabilizing prices. Overall, the Middle East and Africa region’s DEG market reflected mixed trends, shaped by a combination of limited supply, varying demand levels, and production disruptions in key markets like Saudi Arabia.

Q4 2023:

In the MEA region during Q4 2023, the diethylene glycol market saw price declines due to lackluster consumption in key sectors like polyester resins and plasticizers. The economic condition and cautious market outlook further pressured prices downward. In countries like Saudi Arabia, there was a notable impact on the industry due to low demand and elevating production expenditure. Despite these pressures, there were no production halts, but the market faced challenges in balancing supply with lower demand levels, leading to an overall decrease in pricing compared to the previous quarter and the same period last year.

In addition to region-wise data, information on diethylene glycol prices for countries can also be provided.

Asia Pacific Diethylene Glycol (DEG) Price

Q2 2024:

The Asia Pacific DEG market experienced remarkable price gain in Q2 2024, driven by higher production costs and stronger downstream demand. Rising feedstock costs, particularly for ethylene oxide, significantly elevated production expenses, which, combined with fluctuations in crude oil prices, pushed DEG prices upward. In addition, the demand for downstream products, especially in the resin manufacturing sector, saw a seasonal boost with increased construction activities following the spring season. Seasonal demand for polyester and polyurethane resins further supported this price rise, resulting in sustained positive sentiment throughout the quarter.

Q1 2024:

In the Asia-Pacific region, the DEG market saw requirement growth during Q1 2024, rebounding from a previous downturn. Downstream industries, especially those in manufacturing, increased their demand, stabilizing market dynamics. Crude oil price volatility influenced DEG pricing, though stockpiles remained sufficient to meet demand. South Korea maintained stable supply levels, ensuring continuous manufacturing activity and minimizing disruptions. Nonetheless, rising freight charges slightly impacted DEG prices towards the end of the quarter, though limited material availability allowed sellers to preserve profit margins. Overall, the APAC market witnessed a gradual price increase, driven by demand recovery, changing crude oil costs, and restrained supply, with no significant plant shutdowns reported across the region.

Q4 2023:

During the fourth quarter of 2023, the diethylene glycol market in Asia Pacific showed mixed trends owing to firm domestic demand. Despite the steady need from downstream sectors like polyurethanes, the market faced low supply due to global shortages and higher feedstock costs. The antifreeze sector, however, witnessed reduced demand, contributing to price decreases. A balance was achieved as there were no production interruptions, and feedstock supply remained stable. In South Korea, specifically, the market saw a significant price increase during this quarter, though overall prices remained relatively stable. The quarter's performance reflected the region's balanced dynamics of steady demand and constrained supply.

This diethylene glycol price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Diethylene Glycol (DEG) Price

The analysis of diethylene glycol prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Diethylene Glycol (DEG) Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Diethylene Glycol (DEG) Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of diethylene glycol pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of diethylene glycol at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of diethylene glycol price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing diethylene glycol price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Diethylene Glycol (DEG) Market Analysis

The global diethylene glycol (DEG) market size reached 3.3 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 4.7 Million Tons, at a projected CAGR of 3.90% during 2023-2032.

• The extensive use of DEG as a plasticizer in the production of plastics and resins represents one of the key factors influencing the growth of the market across the globe. The rising plastic industry, especially in emerging countries, is boosting the demand for DEG. According to the Plastic Soup Foundation, from 2 million tons in 1950 to over 390 million in 2021. These are the figures from the plastic industry itself, but they do not include synthetic fibers, so the real production is a lot higher. More than half the total amount of plastic produced was only brought to market after 2000. The expectation is that production will have quadrupled (compared to 2019) to about 1480 million tons by 2050.
• The expansion of the automotive industry, along with the increasing demand for DEG in the automotive industry for manufacturing brake fluids, coolants, and antifreeze products is contributing to the growth of the market. The rising automotive production and the increasing demand for vehicles are fueling the growth of the market. For instance, in March 2023, ExxonMobil announced to invest nearly INR 900 crore (USD$110 million) to build a lubricant manufacturing plant at the Maharashtra Industrial Development Corporation’s Isambe Industrial Area in Raigad. The company announced the presence of Deputy Chief Minister Devendra Fadnavis, Industry Ministry Uday Samant, and senior officials from Maharashtra.
• The rising demand for DEG as a conditioning agent in the textile industry to make fabrics easier to work with is acting as a major growth-inducing factor in the market. The expanding textile industry is further supporting the demand for DEG. For instance, in September 2023, Arvind Ltd, the largest textile manufacturer in India, announced to invest over Rs.100 Crore in Uttar Pradesh (UP) and build a clothing plant in Varanasi. The effort is likely to directly employ 2000 women. This is the Ahmedabad-based company’s first manufacturing operation in Uttar Pradesh.
• The increasing use of DEG in personal care products and pharmaceuticals as a solvent and humectant, stabilizing formulation, and retaining moisture is further facilitating the growth of the market.

Diethylene Glycol (DEG) News

The report covers the latest developments, updates, and trends impacting the global diethylene glycol market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in diethylene glycol production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the diethylene glycol price trend.

Latest developments in the diethylene glycol (DEG) industry:

• In December 2023, Nan Ya Plastics, a prominent player within Taiwan's Formosa Group, made a significant stride in its operational portfolio with the recent launch of cutting-edge bisphenol A production line in Ningbo, located in the Zhejiang province of China.
• In September 2023, Huntsman Corporation announced construction has commenced on the 30-ton MIRALON carbon nanotube Materials plant, originally announced at Huntsman's 2021 Investor Day event. The new plant, which converts methane gas to carbon nanotubes and clean-burning hydrogen, will be one largest of its kind in the Americas.

Product Description

Diethylene glycol (DEG) refers to odorless, colorless, and hygroscopic liquid with a sweetish taste. This liquid is a sort of organic compound known as a diol which means it contains two hydroxyl (-OH) groups.

DEG is derived from the partial hydrolysis of ethylene oxide, which results in the formation of several glycols, such as DEG.

Diethylene glycol is miscible with water, alcohol, ether, acetone, and most organic solvents, thereby making it versatile for various industrial applications.

The significant utilization of DEG is as a solvent, with key applications in the production of resins, plasticizers, and polyurethanes. DEG is also used in the manufacture of brake fluid, wallpaper strippers, and as a humectant in tobacco, inks, and glue.

DEG is employed in the textile industry to condition fabrics and in the medical field to stabilize pharmaceutical compounds.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of diethylene glycol pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting diethylene glycol price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The diethylene glycol price charts ensure our clients remain at the forefront of the industry.