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 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
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- 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 use as a key raw material in the production of ethylene glycol, which is crucial for manufacturing antifreeze, polyester fibers, and polyethylene terephthalate (PET) resins. Rising demand from the automotive and packaging industries has fueled the need for ethylene glycol, further boosting the demand for ethylene oxide. Additionally, ethylene oxide’s application as a sterilizing agent in the healthcare sector, especially for medical devices, has seen heightened demand due to stringent hygiene and safety protocols. The growth of the textile and construction sectors is also contributing to market expansion, as ethylene oxide is used in the production of surfactants, detergents, and polyurethane foams.
Ethylene Oxide Industry Analysis
In the Q2 of 2024, ethylene oxide prices in the US showed an upward trend, primarily due to tight supply and steady demand from downstream sectors. Market transactions largely followed a need-on-demand basis, reflecting moderate inquiries in the country. A significant supply constraint emerged from Dow Chemical’s Plaquemine, Louisiana plant shutdown, which was triggered by unforeseen explosions. This unplanned downtime exacerbated material shortages, further driving up prices.
Meanwhile, rising feedstock costs also contributed to the overall increase, even as inflation rates showed signs of improvement in the broader economy. Moreover, the prices in Japan experienced a decline due to an oversupply and weak downstream demand, particularly from sectors like monoethylene glycol and ethoxylates. Buyers maintained cautious purchasing, leading to a drop in transactions. The oversupply situation coupled with low demand pushed producers to operate at reduced rates. Along with this, lower feedstock costs further pressured prices downward, leaving market participants to adopt a conservative, need-based buying approach.
Besides this, the prices in Europe followed a downward trajectory driven by quiet trading and weak downstream demand. Lower feedstock costs, resulting from decreased demand in related sectors, further pressured prices. Market activity slowed, with buyers reluctant to commit to large transactions amid the looming summer downturn. Despite subdued downstream demand, material availability remained sufficient, and producers continued operating at reduced rates to balance market supply, contributing to the bearish price trend during the quarter.
Furthermore, the Saudi Arabian market saw prices decline with reduced downstream demand, creating a sluggish market environment. Weak demand from key sectors kept purchasing activity minimal, as buyers focused on meeting only essential requirements. Feedstock prices also trended lower due to ample inventory levels, contributing to reduced production costs for ethylene oxide.
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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