Ethylene Oxide Price in USA
- United States: $1327/MT
The price of ethylene oxide in the United States for Q4 2023 reached $1327/MT in December.
The latest report by IMARC Group, titled "Ethylene Oxide Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," 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:
- United States: $1327/MT
- Japan: $935/MT
- Germany: $1468/MT
- Saudi Arabia: $1270/MT
Report Offering:
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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 driven by a complex interplay of industrial demand, raw material costs, and regulatory factors. Additionally, the rise of the automotive and construction industries, which rely on ethylene glycol for various applications, is contributing to the market growth. Moreover, raw material costs, particularly the price of ethylene, directly influence the production economics of ethylene oxide, affecting market prices. Besides this, Regulatory factors, including environmental regulations related to emissions and safety standards, also impact the market dynamics, as companies must comply with stringent controls on ethylene oxide use and emissions. Furthermore, ongoing technological advancements in production processes, such as more efficient catalytic processes and energy-saving technologies, help reduce production costs and enhance market stability.
Ethylene Oxide Industry Analysis
In Q4 2023, the North American ethylene oxide market saw mixed price trends. Prices surged in October due to limited material availability and higher feedstock ethylene costs, compounded by Dow's Plaquemine plant outage extending until mid-2024. In the meantime, by November and December, prices declined as feedstock ethylene costs dropped and downstream demand from ethoxylates and mono ethylene glycol industries remained weak, influenced by seasonal factors and economic pressures like high inflation and rising interest rates. In line with this, ethylene oxide prices in Asia-Pacific showed prices rose in Japan due to high feedstock ethylene costs and moderate demand from the monoethylene glycol and ethoxylates sectors, creating bullish market conditions.
Meanwhile, by the end of the quarter, prices fell as downstream demand weakened amid macroeconomic challenges and low seasonal activity. The drop in feedstock ethylene costs and high material availability put additional pressure on prices, with buyers adopting a cautious approach. Japan's declining manufacturing activity further contributed to the bearish sentiment, leading to lower ethylene oxide prices. Besides this, in Europe the market experienced fluctuations. In October, prices rose significantly in Germany due to limited material availability and increased feedstock ethylene costs, which pushed up production expenses. However, by November and December, prices declined as demand from the monoethylene glycol and ethoxylates sectors remained weak amid persistent inflation, high interest rates, and low seasonal activity. BASF's cost-cutting measures and reduced investment further influenced the price decrease.
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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