Ethylene Oxide Price in USA
- United States: 1398 USD/MT
During the Q2 of 2024, the ethylene oxide prices in the United States reached 1398 USD/MT in June.
The latest report by IMARC Group, titled "Ethylene Oxide Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition," provides a thorough examination of ethylene oxide prices. This report delves into the globally, presenting a detailed analysis, along with informative ethylene oxide price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Ethylene Oxide Prices Analysis:
- Japan: 873 USD/MT
- Germany: 1357 USD/MT
- Saudi Arabia: 1294 USD/MT
Report Offering:
- Monthly Updates: Annual Subscription
- Quarterly Updates: Annual Subscription
- Biannually Updates: Annual Subscription
The study delves into the factors affecting ethylene oxide price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/ethylene-oxide-pricing-report/requestsample
Ethylene Oxide Price Trend- Last Quarter
The ethylene oxide market is primarily driven by its extensive applications across various industries, including textiles, automotive, pharmaceuticals, and personal care products. As a key intermediate in the production of antifreeze and coolants, ethylene oxide plays a crucial role in the automotive sector, where it helps enhance vehicle performance and safety. Furthermore, the growing demand for ethylene glycol, a derivative of ethylene oxide used in the production of polyethylene terephthalate (PET) for beverage bottles and synthetic fibers, is propelling market growth. The increasing focus on sustainable practices is also contributing to the demand for bio-based ethylene oxide as manufacturers seek to reduce their carbon footprint and meet regulatory standards.
Ethylene Oxide Industry Analysis
During the second quarter of 2024, in the U.S., the market experienced upward price movements, largely attributed to robust downstream demand coupled with restricted supply. Inquiries from the domestic monoethylene glycol and ethoxylates sectors remained steady, with most transactions occurring on a need basis. Despite a slight decrease in annual inflation, the feedstock prices for ethylene increased, contributing to higher production costs. Furthermore, Dow Chemical’s production facility faced a significant disruption due to accidents, delaying its expected restart.
Moreover, in the Asia-Pacific region, particularly Japan, ethylene oxide prices fell during the second quarter of 2024, primarily due to oversupply and lackluster demand from derivative sectors. Weak buyer interest led to fragile inquiries for monoethylene glycol and ethoxylates, with many manufacturers operating at reduced rates to mitigate the impact of weak margins. Along with this, the feedstock ethylene prices did not provide adequate support, resulting in further price declines.
Besides this, in Europe, ethylene oxide prices demonstrated a downward trend influenced by sluggish trading and cautious buyer sentiment. The decline in feedstock ethylene prices, driven by weak demand from various sectors, led to reduced production costs for ethylene oxide. Demand from the downstream monoethylene glycol and ethoxylates industries remained consistently low as market participants braced for seasonal slowdowns.
Furthermore, in the Middle East, particularly Saudi Arabia, ethylene oxide prices continued to decline, driven by concerns over diminished downstream demand. Buyers exhibited a cautious approach, purchasing only as necessary. A consistent drop in feedstock ethylene prices, fueled by ample inventories, contributed to lower production costs for ethylene oxide. Despite sufficient material availability, weak production margins for key derivatives further exacerbated price declines, creating a challenging market environment.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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