Chemical Price | Prices | Pricing | Monitoring | ChemAnalyst

For the Quarter Ending June 2023 North America: Triethylene Glycol prices  experienced a decline of nearly 5% during the second quarter of 2023. Despite the overall market being bullish, driven by declining prices of upstream ethylene oxide, the demand from the plasticizers segment remained largely absent among consumers. This was despite a cooling of inflation by approximately 0.6% and an appreciation of the Consumer Price Index (CPI) by over 2 points. The depreciating prices of feedstock ethylene oxide contributed to eased production costs. However, ample production coupled with underutilized demand led to a significant accumulation of inventories. These excess inventories needed to be sold at negotiable prices. Global economic conditions also worsened, resulting in low demand from international buyers. Fortunately, the supply chain remained intact, ensuring a consistent flow of inventory in the region. Demand remained weak both domestically and internationally. By the conclusion...