Triethylene Glycol Prices, Trend, Monitor, News & Forecast | ChemAnalyst

Triethylene Glycol (TEG) Prices: During the Quarter Ending December 2023

North America:

During the fourth quarter of 2023, the Triethylene Glycol (TEG) market in North America encountered a complex array of factors influencing pricing dynamics. A tight supply scenario, characterized by reduced TEG production and heightened demand from key downstream sectors like oilfield and plasticizer industries, defined the market landscape.

Elevated production costs, propelled by increased prices of feedstock such as Ethylene Oxide and Naphtha, added to the pricing pressures. Favorable economic indicators, including consecutive job growth and a stable unemployment rate, stimulated industrial activities, thereby driving up the demand for TEG. Towards the latter part of Q4 2023, TEG prices experienced a decline in November due to a drop in the price of vital feedstock Ethylene and decreased domestic production rates.

Challenges such as a shortage of natural gas pipelines, impacting TEG demand as a dehydration agent, and bottlenecks in the Panama Canal affecting shipments, contributed to heightened inventory levels within the country. Overall, the TEG market in North America grappled with supply constraints, increased demand from downstream sectors, and soaring production costs, all of which influenced prices in Q4 2023. The latest price of Triethylene Glycol FOB Houston in the USA for this quarter stands at USD 1089/MT.

Get Real Time Prices of Triethylene Glycol (TEG): https://www.chemanalyst.com/Pricing-data/triethylene-glycol-1532

APAC:

In the final quarter of 2023, the Triethylene Glycol (TEG) market in the Asia-Pacific (APAC) region witnessed a blend of trends. The market encountered challenges stemming from a tight supply situation caused by disruptions in production, attributed to high-priced feedstock and reduced operating rates of TEG units, resulting in a moderate supply of TEG in the market. Demand for TEG remained at a low to moderate level, with increased off-takes from downstream sectors such as oilfield, plasticizer, and preservative industries. Economic conditions and geopolitical tensions in the region also played a role in shaping market dynamics.

In China, the TEG market experienced an upward trajectory during the quarter, characterized by rising prices due to persistent supply tightness and increased production costs driven by higher prices of feedstock, Ethylene Oxide, and Naphtha. Despite challenges such as reduced production activity and concerns over geopolitical conflicts impacting crude oil prices, demand from downstream sectors, particularly the oilfield segment, remained robust. Overall, the TEG market in the APAC region witnessed bullish sentiment in the second half of Q4 2023, marked by tight supply, moderate to high demand, and various economic and geopolitical factors influencing market dynamics. The latest price of Triethylene Glycol CFR Qingdao in China for the current quarter is USD 1214/MT.

Europe:

Triethylene Glycol (TEG) pricing in the European region during the final quarter of 2023 was influenced by several key factors. The market faced supply constraints, leading to tight availability of TEG primarily due to reduced operating rates of TEG units. There was a moderate to high demand for TEG from downstream industries, particularly in the oilfield and plasticizer sectors, although overall demand exhibited some fluctuations.

In Germany, significant changes in TEG prices were observed during the quarter, marked by a bearish trend in November with a substantial 3.5% decline. This downturn was driven by surplus availability of imported TEG in the German market and a decrease in demand from the oilfield sector due to a decline in European Natural Gas hubs. However, there was a modest improvement in demand from the plasticizer industries, and no plant shutdowns were reported during this period. The quarter-ending price for Triethylene Glycol CFR Hamburg in Germany was USD 1568/MT in the current quarter.

Get Real Time Prices of Triethylene Glycol (TEG): https://www.chemanalyst.com/Pricing-data/triethylene-glycol-1532

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