North America Diethylene Glycol Prices Movement Q2
Diethylene Glycol Prices in USA:
Product | Category | Price |
Diethylene Glycol | Petrochemicals | 875 USD/MT |
In Q2 2024, Diethylene Glycol Prices in the United States fell to 875 USD/MT in June. This decline was driven by reduced downstream demand and an oversupplied market. The downturn in the construction industry, exacerbated by economic challenges and rising mortgage rates, further pressured prices. Additionally, higher freight rates and volatile crude oil prices contributed to the negative pricing environment, reflecting the combined impact of weak demand and challenging economic conditions on the DEG market.
Diethylene Glycol Prices in South Korea:
Product | Category | Price |
Diethylene Glycol | Petrochemicals | 655 USD/MT
|
In June 2024, the price of diethylene glycol (DEG) soared to 655 USD/MT in South Korea. This increase is mainly attributed to soaring feedstock costs and buoyant exports. Moreover, domestic consumption has remained steady coupled with the onset of high seasonal construction activities which have thus been synergistic to the upward course. Furthermore, increasing demand for polyethylene polyurethane resins bolstered the already favorable price dynamics. This has caused the increment of prices for the entire quarter to show a very vigorous pace reflecting market momentum and strong demand in key sectors across the region.
Diethylene Glycol Prices in Germany:
Product | Category | Price |
Diethylene Glycol | Petrochemicals | 1045 USD/MT
|
The month of June in the year 2024, in the second quarter, saw prices of diethylene glycol (DEG) in Germany, valued at 1045 USD/MT. Price fluctuations for the market were driven by low feedstock costs and lower demand from end-use industries. The various market pressures were then exaggerated by logistical disruption and a less favourable purchasing sentiment. Using inflationary trend coupled to rising rates of interest closed the downstream consumption. The combination of these factors keeping a mixed downward-lined pricing environment to reflect the challenges that were brought about by feeble demand and economic uncertainty throughout the quarter.
Diethylene Glycol Prices in Saudi Arabia:
Product | Category | Price |
Diethylene Glycol | Petrochemicals | 730 USD/MT
|
This resulted in rising price of diethylene glycol (DEG), which was valued at 730 USD per metric ton in Saudi Arabia in June 2024. This result is due to strong demand from downstream sectors combined with continuous supply chain challenges. The Vision 2030 infrastructure projects intensified high industrial activity and thus consumed high levels. Logistical constraints and feedstock price increases have additionally supported the price rise and strongly prove the excellent market driven by tall development initiatives and supply stresses in the region.
How IMARC Pricing Database Can Help
The latest IMARC Group study, “Diethylene Glycol Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Diethylene Glycol price trend, offering key insights into global Diethylene Glycol market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.
The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Diethylene Glycol demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.
Request to Get the Sample Report: https://www.imarcgroup.com/diethylene-glycol-pricing-report/requestsample
Key Features:
Key Attributes | Details |
Product Name | Diethylene Glycol |
Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Diethylene Glycol Price Analysis, and Segment-Wise Assessment. |
Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
Information Covered for Key Suppliers | · Company Overview · Business Description · Recent Trends and Developments |
Customization Scope | The report can be customized as per the requirements of the customer |
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