The latest report by IMARC, titled "Polyethylene Glycol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," delivers a comprehensive analysis of Polyethylene Glycol  prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Polyethylene Glycol Prices December 2023:

• United states: 1250 USD/MT
• South Korea: 1980 USD/MT
• Belgium: 1190 USD/MT
• Saudi Arabia: 1132 USD/MT

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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.

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 Polyethylene Glycol Price Trend- Q4 2023

The polyethylene glycol (PEG) market is influenced by various factors across different regions, shaping its trajectory and pricing dynamics. In North America, during the fourth quarter of 2023, the market witnessed a decline in prices. Initially, this decline was attributed to low demand from domestic downstream industries, as operating rates in the personal care product industry remained moderate, and retention activities decreased with the onset of winter in the Northern Hemisphere. Additionally, dry weather conditions caused by the El Niño effect led to a decline in cargo rates through the Panama Canal, impacting shipping activities. Furthermore, improved availability of upstream ethylene amid decreased crude oil prices negatively impacted production costs, contributing to the overall decline in polyethylene glycol prices. These multifaceted situations underscore the complex interplay of supply, demand, and external factors driving the polyethylene glycol market in North America.

The global polyethylene glycol market size reached US$ 5 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 9 Billion, at a projected CAGR of 6.70% during 2023-2032. Moreover, in the APAC region, polyethylene glycol prices experienced a downtrend during the fourth quarter of 2023, influenced by subdued demand sentiments. Initially, while demand for PEG 200 remained steady for fresh fruit preservation coatings during regional festivities, overall demand from various sectors remained lackluster. Inactive procurement activities from end-user industries, along with declined ethylene prices and reduced offtakes from glycol industries, contributed to lowered production costs, exerting downward pressure on prices. Towards the end of the quarter, rising inventory levels further moderated market conditions, reflecting a challenging pricing environment driven by weakened demand from personal care product key players.

Similarly, in Europe, polyethylene glycol prices faced bearish movement amid declining demand across sectors. Factors like reduced demand for fresh fruit coatings, decreased buying activities from personal care product manufacturers, and a decline in consumption rates from end-user industries contributed to the pricing downturn. Additionally, a decrease in ethylene offtakes and a decline in eurozone manufacturing purchasing manager index (PMI) further amplified market conditions. Despite fluctuations in feedstock ethylene prices, the market continued to struggle with subdued inquiries and economic slowdowns, underscoring the persistent challenges in the polyethylene glycol market in Europe.

Browse Full Report: https://www.imarcgroup.com/polyethylene-glycol-pricing-report

 Key Points Covered in the Polyethylene Glycol Pricing Report:

 The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:

• Polyethylene Glycol Prices
• Polyethylene Glycol Price Trend
• Polyethylene Glycol Demand & Supply
• Polyethylene Glycol Market Analysis
• Demand Supply Analysis by Type
• Demand Supply Analysis by Application
• Demand Supply Analysis of Raw Materials
• Polyethylene Glycol Price Analysis
• Polyethylene Glycol Industry Drivers, Restraints, and Opportunities
• Polyethylene Glycol News and Recent developments
• Global Event Analysis
• List of Key Players

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.

Browse more pricing reports by IMARC group:

• Hexene Price Trend
• Fatty Alcohol Price Trend

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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