Triethylene Glycol Prices

Triethylene Glycol Prices September 2024

The triethylene glycol prices in the United States for Q3 2024 reached 1240 USD/MT in September. During the quarter, triethylene glycol prices fell significantly due to reduced demand in key sectors like resins and antifreeze, along with severe weather disruptions. High interest rates also led to a downturn in the construction industry, limiting TEG usage, while decreased chemical exports worsened market conditions.

The price trend for triethylene glycol in China for Q3 2024 settled at 1350 USD/MT in September. The market witnessed significant price declines due to weak demand from the construction and resin sectors. An oversupply of products and lower input costs have not increased purchases, leading to cautious buying and reduced inventory levels, which contribute to a negative market sentiment.

In Germany, the triethylene glycol prices for Q3 2024 reached 1615 USD/MT in September. The market witnessed significant price declines driven by weak demand from key industries like automotive and construction. An oversupply and stable production rates added pressure, while lower crude oil prices further reduced TEG uptake.

Triethylene Glycol Prices June 2024

The triethylene glycol prices in the United States for Q2 2024 reached 1390 USD/MT in June. The market faced consistent price declines due to oversupply, stable production, and decreased demand in the gas and automotive sectors. Economic challenges and seasonal shifts in heating needs further contributed to a bearish pricing sentiment throughout the quarter.

The price trend for triethylene glycol in China for Q2 2024 settled at 1550 USD/MT in June. The market faced significant price declines because of reduced downstream consumption and high inventory levels. The contraction in manufacturing, as shown by the falling Purchasing Managers' Index, and competitively priced imports further pressured domestic conditions, leading to ongoing price reductions.

In Germany, the triethylene glycol prices for Q2 2024 reached 1850 USD/MT in June. The market initially witnessed price increases from temporary supply disruptions but shifted to moderate declines as the quarter continued. Reduced demand from key sectors like automotive and oilfield, along with seasonal construction slowdowns, contributed to a slightly downward-trending yet stable market environment.

Triethylene Glycol Prices December 2023

The triethylene glycol prices in the United States for Q4 2023 reached 1084 USD/MT in December. The prices increased in Q4 2023 due to strong market demand and higher production costs. Supply issues and rising feedstock prices exerted pressure, although reduced domestic production led to lower prices later in the quarter. Economic factors and logistical challenges also played a role in the market dynamics.

The price trend for triethylene glycol in China for Q4 2023, reached 1210 USD/MT in December. The market experienced a price rise in the fourth quarter of 2023 due to tight supply and elevated feedstock costs. Despite reduced production activity, demand from key sectors such as oilfields remained strong. Geopolitical and economic uncertainties also influenced market conditions.

The price trend for triethylene glycol in Germany for Q4 2023, reached 1563 USD/MT in December. In Germany, the market saw a decline in prices during Q4 2023, driven by oversupply and decreased oilfield industry demand. Supply constraints eased somewhat, and demand plasticizer industry demand provided some support, though overall market conditions remained under pressure.

Regional Coverage

The report provides a detailed analysis of the triethylene 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 triethylene glycol price trend.

Global Triethylene Glycol Price

The report offers a holistic view of the global triethylene glycol pricing trends in the form of triethylene 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 triethylene glycol historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into triethylene 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 triethylene 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 Triethylene Glycol Price

Q3 2024:

During the third quarter of 2024, the European triethylene glycol market experienced significant price drops, particularly in Germany. Decreased demand for triethylene glycol from major downstream sectors, including construction and automotive, exerted downward pressure. Steady production rates along with a excess of supply, worsened the market situation. The market also contended with declining crude oil prices, which contributed to reduced TEG uptake. The economic environment in Europe remained soft, marked by cautious buyer sentiment and limited activity. Even with a decline during the quarter, there were indications of volatility that could suggest changes in the upcoming periods, keeping stakeholders attentive to potential market shifts.

Q2 2024:

During Q2 2024, Europe’s triethylene glycol market experienced mixed trends, with initial price increases influenced by supply chain disruptions and strong demand due to maintenance activities at major facilities. These temporary issues supported price upticks early in the quarter. However, as the quarter progressed, prices stabilized and eventually declined faintly because of weaker feedstock cost support and reduced downstream demand from industries such as automotive and construction. Seasonal slowdowns and economic factors, including moderated industrial activity, further influenced pricing. Germany, being a key market, reflected these fluctuations, with stability seen amid constrained demand and consistent supply levels.

Q4 2023:

In Europe during the same period, the prices were influenced by supply constraints and reduced production, resulting in tight availability. Demand, particularly from the sector such as oilfields and plasticizes, varied between moderate and high. In Germany, the market prices saw a notable decrease in November due to oversupply and diminished oilfield sector demand, influenced by falling natural gas prices. Although the plasticizer sector experienced some improvement, overall market conditions remained challenging.

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

North America Triethylene Glycol Price

Q3 2024:

During the third quarter of 2024, North America's triethylene glycol market witnessed a marked price decline due to various interconnected factors. Limited buying activity, combined with a decrease in demand from sectors like resins and antifreeze further put downward pressure on the prices. Severe weather events disrupted production, leading to reduced operational efficiency. The construction industry struggled amid high interest rates, impacting homebuilding and lowering consumption. A decrease in chemical exports also contributed to market challenges, reinforcing a subdued pricing environment. Even as the quarter witnessed volatility, longer-term market dynamics remained uncertain with fluctuations hinting at possible future stabilization.

Q2 2024:

During the second quarter of 2024, North America's triethylene glycol market experienced a noticeable decline in prices influenced by an oversupply situation and steady manufacturing rates. The stable costs of Ethylene Oxide, a primary feedstock, played a key role in sustaining downward pressure on triethylene glycol prices. The gas and automotive sectors, key downstream consumers, showed weak demand, further intensifying the bearish sentiment. Broader economic challenges, such as factory slowdowns and limited industrial activity, reinforced the negative market environment. Seasonal factors, including lower heating needs and reduced antifreeze demand, also contributed to the subdued market performance throughout the quarter.

Q4 2023:

In Q4 2023 in North America, the market faced significant challenges due to tight supply and fluctuating demand. Decreased production coupled with high demand from oilfields and plasticizers industries placed pressure on the market. Rising feedstock costs, including ethylene oxide and naphtha, also impacted prices. Despite positive economic indicators like job gains supporting industrial activity, a drop in feedstock prices and reduced production led to lower TEG prices by November. Additionally, issues such as natural gas pipeline shortages and Panama Canal bottlenecks exacerbated inventory accumulation, further affecting market dynamics.

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

Middle East and Africa Triethylene Glycol Price

The report explores the triethylene glycol pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

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

Asia Pacific Triethylene Glycol Price

Q3 2024:

During the third quarter of 2024, the Asia-Pacific region's triethylene glycol market faced significant downward price pressure, with China witnessing the most prominent shifts. This decline was fueled by decreasing demand from downstream industries such as construction and resin production, which were impacted by broader economic slowdowns. Oversupply in the market, compounded by cautious purchasing behavior, kept prices low. Despite lower feedstock costs, buyers were hesitant to increase inventory, reflecting a conservative approach. Across the region, persistent macroeconomic uncertainties added to the overall cautious sentiment, indicating that recovery might be gradual and uneven.

Q2 2024:

During Q2 2024, the Asia Pacific triethylene glycol market witnessed an important price downturn fueled by declining demand and oversupply. High inventory levels and stable production rates, even amidst maintenance activities at various facilities, sustained ample supply. China, the regional hub, faced pronounced challenges because of a slowdown in its manufacturing sector, evident from a drop in the Purchasing Managers' Index, which fell below the neutral mark of 50. This decline impacted downstream industries such as plasticizers and antifreeze production. Competitive import prices compounded the challenges, intensifying the bearish market sentiment and further reducing consumption.

Q4 2023:

The Asia-Pacific region saw mixed trends in the market during Q4 2023. Supply disruptions and high feedstock prices led to tight availability, despite moderate demand from sectors such as oilfields and plasticizers. In China, TEG prices increased owing to persistent supply constraints and rising production costs. Geopolitical tensions and production issues also affected market dynamics, yet strong demand from downstream industries provided some support. Thus, the region experienced a bullish sentiment toward the quarter end, driven by tight supply and varying economic conditions.

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

Latin America Triethylene Glycol Price

The analysis of triethylene 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.

Triethylene Glycol Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Triethylene Glycol Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of triethylene 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 triethylene glycol at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of triethylene glycol price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing triethylene 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.

Triethylene Glycol Market Analysis

The global triethylene glycol market size reached US$ 831.8 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 1194.2 Million, at a projected CAGR of 4.10% during 2023-2032.

• Triethylene glycol is essential to the natural gas sector and is mostly utilized in dehydration procedures. To prevent pipeline corrosion and the production of hydrates, which can result in operational inefficiencies and safety hazards, this application is essential since it eliminates water vapor from natural gas. The demand for triethylene glycol is driven by the increasing awareness about the beneficial aspects of natural gas and the rise in worldwide energy consumption. As industrialized and developing countries are switching to cleaner-burning fuels, natural gas is being favored over coal and oil. The development of new gas resources and increasing investments in natural gas infrastructure are propelling the growth of the market. According to the IMARC Group, the global oil and gas market is expected to reach US$ 65.8 Billion by 2032.
• Triethylene glycol is widely used by the textile and polyester resin industries, which use it as a plasticizer and as a raw material to make polyester fibers and resins. The triethylene glycol usage is mostly driven by the expansion of these industries. Triethylene glycol is used in the textile sector because of its hygroscopic qualities, which are crucial for preserving the longevity and quality of materials. Apart from this, the inclusion of triethylene glycol enhances the qualities of polyester resins, which find extensive use in the packaging, construction, and automotive industries, among other sectors. Triethylene glycol demand is predicted to remain strong due to increased consumer expenditure on cars. As per the Economic Times, passenger car vehicle sales in India increased by 4 million units for the first time ever in the calendar year 2023.
• Triethylene glycol usage is influenced by environmental concerns and more stringent laws pertaining to waste treatment and industrial emissions. Triethylene glycol-based systems are used more often by industries for air and gas dehydration because of their effectiveness and less of an impact on the environment than other approaches. Triethylene glycol applications are becoming more sustainable and financially feasible due to continuous technological breakthroughs in triethylene glycol recovery and recycling systems that are also increasing process efficiency and lowering operating costs. It is a favored option in sectors looking to lessen their environmental impact because of these developments, which also promote adherence to environmental rules. The demand for effective and environmentally friendly solutions like TEG is anticipated to rise in tandem with rising environmental consciousness and stricter laws worldwide.

Triethylene Glycol News

The report covers the latest developments, updates, and trends impacting the global triethylene 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 triethylene glycol production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the triethylene glycol price trend.

Latest developments in the triethylene glycol industry:

• July 2021: Clariant and India Glycols Limited (IGL) announced the creation of their 51-49% joint venture for renewable ethylene oxide (EO) derivatives after receiving all necessary regulatory approvals.

Product Description

Triethylene glycol refers to a colorless, viscous, and non-volatile liquid chemical compound. It is widely used in the natural gas production industry to absorb water from natural gas, thereby preventing the formation of gas hydrates and ice in pipelines. It is also used in air conditioning systems for the purpose of air dehumidification. It is utilized in adhesives, which help in enhancing the addition and flexibility of the products. It is used in the production of ultraviolet (UV) curable coatings and inks because of its ability to improve the cure speed and properties of the final product, such as resistance to chemicals and durability. It serves as an essential intermediate in the synthesis of a variety of chemical products, including plasticizers, reasons, and solvents. It is particularly significant in the manufacturing of polyester resins, where it contributes to the performance characteristics of the polymer.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of triethylene 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 triethylene 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 triethylene glycol price charts ensure our clients remain at the forefront of the industry.