Chemical Price | Prices | Pricing | Monitoring | ChemAnalyst

For the Quarter Ending September 2023 North America: In the third quarter of 2023,  Polyethylene Glycol  (PEG) prices in North America experienced fluctuations. Initially, producers reduced quotations due to a decrease in demand for PEG 200 from end-user industries, coupled with sluggish activities in downstream sectors. Concurrently, extended logistics durations resulted from disruptions in US shipping and freight routes, influenced by declining water levels in the Mississippi and Ohio rivers and delayed shipping activities through the Panama Canal. As a result, product prices saw an increase mid-quarter. Tight supply rates persisted due to decreased production caused by disruptions in upstream Ethylene supplies, linked to a global reduction in inventories of upstream Crude oil resulting from production cuts by Russia and OPEC+. Additionally, a slight decline in demand occurred as the Federal Reserve Bank raised bank interest rates to counter rising inflation, leading to a sl...