Polyethylene Glycol Price in USA
- United States: 1250 USD/MT (PET Bottle Grade)
Consequently, production costs decreased, leading to a drop in market prices. Specifically, the price trend for PEG was documented at $1250 per metric ton.
The latest report by IMARC Group, titled "Polyethylene Glycol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of polyethylene glycol prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive polyethylene glycol price news, 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.
Polyethylene Glycol Prices December 2023:
- United States: 1250 USD/MT (PET Bottle Grade)
- South Korea: 1980 USD/MT (Bottle)
- Belgium: 1190 USD/MT (PET Bottle)
- Saudi Arabia: 1132 USD/MT (PET Resin Bottle Grade)
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The study delves into the factors affecting polyethylene glycol 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/polyethylene-glycol-pricing-report/requestsample
Polyethylene Glycol Price Trend- Last Quarter
The market for polyethylene glycol (PEG) is being propelled by its diverse applications in a range of industries, with particular emphasis on the pharmaceutical, personal care, and industrial sectors. The pharmaceutical industry makes extensive use of PEG as a solvent, binder, and drug delivery agent, capitalizing on the growing need for sophisticated drug formulations and biopharmaceuticals. The personal care sector uses PEG for its emulsifying and moisturizing qualities, positioning it as a crucial component in products like skin creams, lotions, and shampoos, which is fueling the market's expansion. PEG is also employed as a food additive and processing aid in the expanding food and beverage (FB) sector, corresponding with the rising demand for processed and convenience foods.
Polyethylene Glycol Industry Analysis
In Q4 2023, polyethylene glycol prices in North America decreased as demand was low from domestic industries, particularly personal care, as winter reduced procurement activities. Improved ethylene availability and reduced naphtha and crude oil prices decreased production costs. Despite increased supply owing to resumed refinery operations and improved shipping conditions, sluggish orders from personal care manufacturers and reduced trading activities continued to drive down PEG prices by the end of the quarter.
Moreover, in the APAC region, the market fell due to weak demand. However, demand from ink manufacturers was sluggish, and overall procurement activities were low due to a declining trend in end products. Furthermore, Europe showed a bearish trend. Early in the quarter, prices dropped due to reduced demand for PEG 200 for fruit coatings amid higher horticulture yields and lower food prices. Mid-quarter, orders from personal care manufacturers fell due to reduced buying and procurement activities. Reduced ethylene offtakes from glycol industries decreased production costs for PEG. Along with this, the declining Eurozone manufacturing Purchasing Manager's Index indicated lower consumption rates from end-user industries. By quarter's end, the economic slowdown kept inquiries low, while increased ethylene inventories and sluggish demand from ointment and cream manufacturers further pressured PEG prices.
Besides this, the Middle East saw a decline owing to excessive supply and lower consumption rates, both domestically and internationally which drove prices down. Demand for PEG 200 for fruit coatings decreased due to increased horticulture yields and lower food prices. Reduced cost support from ethylene followed easing supply chain disruptions amid regional conflicts. Mid-quarter, rising tensions between Palestine and Israel and reduced buying activities led to uncertain market conditions and declining production and supply rates.
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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