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 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:
- Japan: 873 USD/MT
- Germany: 1357 USD/MT
- Saudi Arabia: 1294 USD/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 growing demand for polyester and plastic packaging across industries, particularly in textiles and automotive is driving the global market. Additionally, ethylene oxide is crucial in the production of surfactants, detergents, and personal care products, fueling its demand in the household and industrial cleaning sectors. The healthcare industry significantly contributes to market expansion, as ethylene oxide is widely used for sterilizing medical equipment. Its ability to sterilize delicate instruments without heat makes it essential in hospitals and surgical centers. The pharmaceutical sector’s growth also supports ethylene oxide demand, where it is used as an intermediate in manufacturing various drugs. Rising healthcare needs and pharmaceutical production drive this market. Furthermore, the agrochemical industry relies on ethylene oxide derivatives for herbicides, pesticides, and insecticides.
Ethylene Oxide Industry Analysis
During Q2 2024, ethylene oxide prices rose in the North America because of limited supply and consistent demand from the ethoxylates and mono ethylene glycol industries. Supply chain disruptions led to a lack of availability, as Dow Chemical, a leading producer, faced unexpected shutdowns after incidents at its Louisiana plant. Originally planned to restart in early Q2, the plant’s reopening has been pushed back to late Q2. The manufacturing expenses also increased due to the higher prices of ethylene feedstock.
Although there were consistent inquiries from both local and international markets, purchases continued to be careful, mainly based on specific needs for ordering. In May, inflation in the U.S. decreased to 3.3%, staying above the Federal Reserve’s goal. In the Asia Pacific region, prices dropped because of an excess of supply and low demand from other industries such as Mono ethylene glycol and ethoxylates. Buyer mood stayed subdued, with little interest in material, as economic pressures reduced overall industry demand.
High availability in the market led to further price decreases. To deal with the low demand growth and oversupply, manufacturers have also cut down on operational rates to manage the impact on their margins. During Q2 2024, prices in Europe declined continuously due to low trading and minimal buyer interest. Ethylene oxide production costs decreased due to reduced ethylene feedstock expenses resulting from general industrial downturns. The weak market sentiment worsened as there was continued sluggish demand from important sectors, such as ethoxylates. The calm market atmosphere was amplified by seasonal holidays in Europe, leading to decreased participation from traders.
Throughout Q2 2024, the prices of ethylene oxide in Saudi Arabia kept falling due to weak demand from industries such as mono ethylene glycol and ethoxylates. The future demand for end-products continued to be poor, as buyers were only buying to fulfill their current requirements. Prices of ethylene feedstock also dropped due to sufficient supply.
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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