diethylene glycol Pricing Assessment

Markets Covered:

Taiwan

United States

India

Kuwait

Saudi Arabia

Mexico

Germany

Belgium

Diethylene Glycol Price Trend, Analysis and Forecast

In Q1 2024, MEA Diethylene Glycol (DEG) prices fluctuated around a 7% increase compared to Q4 2023, with Kuwait being a major exporting country to India. Similarly, in the USA, DEG prices saw a decrease of 0.26% compared to Q4 2023, with Mexico being the primary export market.

In Q2 2024, MEA DEG prices decreased by approximately 8% compared to Q1 2024. This decline was attributed to growth in the automotive, construction, and consumer goods sectors, as well as increased production capacity in the region, which contributed to a greater supply of DEG and helped lower prices. Seasonal demand fluctuations in construction and manufacturing also played a role in impacting prices. In the USA, DEG prices increased slightly by around 1% compared to Q1 2024, driven by growth in the automotive, construction, and consumer goods sectors. Any fluctuations in raw material or energy prices were noted as factors that could impact production costs, contributing to the price rise. Competitive pricing and seasonal demand, particularly in construction, were also factors influencing this increase.

In Q3 2024, MEA DEG prices are expected to stabilize or potentially increase as the construction and automotive sectors continue to expand. This growth in demand for DEG could place upward pressure on prices, while broader economic factors, such as inflation, currency fluctuations, and energy prices, will continue to shape DEG pricing. In the USA, increased demand due to ramped-up construction activity during the summer and early fall is expected to put upward pressure on DEG prices. Additionally, potential regulatory changes in the chemical industry may influence production costs and pricing strategies, contributing to further price increases.

In Q4 2024, economic indicators such as inflation rates and energy costs will continue to impact DEG pricing. If energy prices rise, production costs for DEG could increase, affecting market prices in both the MEA and USA regions. In MEA, changes in global demand for chemicals and fluctuations in international trade could also influence prices. In the USA, as industries like automotive and construction typically see heightened activity toward the end of the year, demand for DEG could rise, potentially leading to higher prices. Fluctuations in energy costs, as well as changes in environmental regulations or industry standards, may influence production practices and costs, further affecting pricing.

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is your trusted resource for tracking global diethylene glycol price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the diethylene glycol market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, keeps you fully informed of market dynamics.

In addition, provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With , you gain a competitive edge in understanding all the elements that influence diethylene glycol prices worldwide. Stay ahead of the curve with ’s reliable, accurate, and timely diethylene glycol market data.

Track 's diethylene glycol price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Historically, several events have caused significant fluctuations in diethylene glycol prices

Russia-Ukraine Conflict (2022): Russia and Ukraine are key players in the chemical industry. Disruptions in production and transport routes due to the conflict have led to shortages in various chemicals, including DEG. The instability in Eastern Europe has contributed to decreased prices for chemicals. As supply tightened and demand remained, prices for DEG and related products surged. The conflict has also affected energy prices, impacting production costs for chemicals. The geopolitical situation has created a volatile market, leading to unpredictable price fluctuations for DEG and other industrial chemicals. Companies have had to seek alternative suppliers or adjust their supply chains, which can also affect pricing and availability.

Texas Winter Storm (2021): The severe weather caused widespread power outages and shut down many chemical plants in Texas, a major hub for chemical production. This resulted in decreased production of DEG and other chemicals. The disruption caused by the storm contributed to ongoing volatility in the chemical market, with fluctuating prices in the weeks and months following the event.

COVID-19 Pandemic (2020): With the rise in demand for disinfectants and sanitizers, which often contain DEG or its derivatives, there was a spike in interest in chemicals like DEG, contributing to price fluctuations. Initial supply shortages coupled with demand shifts led to volatile pricing for DEG. Some suppliers raised prices due to the increased costs of production and logistics.

Geopolitical Tensions (2018-2019): The uncertainty surrounding international relations during this period created a volatile market environment, where prices for DEG could swing based on news related to trade policies or sanctions.

Shale Gas Boom (2010s): With increased feedstock supply and reduced production costs, prices for DEG and other related chemicals often experienced downward pressure. This made DEG more competitively priced in various applications.

Global Financial Crisis (2008-2009): Many chemical manufacturers faced financial challenges and were forced to reduce production or temporarily shut down facilities. This led to supply chain disruptions but also contributed to a temporary oversupply of DEG as inventory levels built up. Prices for DEG experienced volatility during the crisis. Initially, the drop in demand pushed prices down, but as production cuts were implemented, prices began to stabilize.

Hurricane Katrina (2005): The crisis created a volatile market environment, with fluctuations in prices due to uncertainties surrounding supply restoration and recovery efforts.

Oil Price Shocks (1970s-1980s): The economic turmoil caused by oil price shocks affected demand across various sectors, leading to fluctuations in the overall demand for chemicals, including DEG.

These events underscore the Diethylene Glycol market’s vulnerability to global disruptions and highlight the need for continuous monitoring of supply-demand dynamics.

Methodology and Specifications

diethylene glycol Pricing Assessment Research Methodology

Data Collection and Sources

Real-Time Market Data: aggregates real-time pricing data from a diverse range of sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our assessments reflect the most current market conditions.

On-the-Ground Intelligence: Our team gathers insights directly from key market participants, including producers, suppliers, traders, and end-users, across major Diethylene Glycol production hubs. This ground-level intelligence is crucial for understanding localized market dynamics.

Supply Chain Monitoring: We track the entire Diethylene Glycol supply chain, from raw material availability (e.g., Ethylene Oxide) to production and distribution channels. This includes monitoring feedstock prices, production capacities, and transportation logistics.

Event Tracking and Impact Analysis

Geopolitical Tensions: continuously monitors global geopolitical developments, such as conflicts or trade disputes, which can significantly impact Diethylene Glycol prices. Our analysis includes potential disruptions to supply chains and their immediate and long-term effects on pricing.

Natural Disasters and Climate Events: We assess the impact of natural disasters, such as hurricanes or winter storms, on Diethylene Glycol production facilities, particularly in vulnerable regions like the U.S. Gulf Coast. These events are factored into our price forecasts and supply outlooks.

Economic Shifts: evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand (e.g., automotive, packaging), to predict shifts in Diethylene Glycol demand and corresponding price movements.

Production Capacity and Supply Analysis

Current Production Monitoring: We maintain a comprehensive database of global Diethylene Glycol production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to assess current supply availability accurately.

Future Capacity Projections: Our research includes detailed forecasts of upcoming Diethylene Glycol production capacities, factoring in new plant constructions, expansions, and technological advancements. This helps in predicting future supply trends and potential price stabilization.

Demand Forecasting

Sectoral Demand Analysis: provides in-depth analysis of demand trends across key sectors, including packaging, automotive, and construction. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments.

Global Demand Dynamics: Our methodology considers regional demand variations and how they influence global Diethylene Glycol pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations.

Pricing Model Development

Dynamic Pricing Models: utilizes advanced econometric models to forecast Diethylene Glycol prices, incorporating real-time data, historical trends, and projected market conditions. Our models are continuously refined to enhance accuracy and predictive power.

Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions. This includes best-case, worst-case, and most likely scenarios, helping our clients prepare for a range of market outcomes.

Reporting and Client Support

Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to be actionable, providing clear insights and recommendations.

Ongoing Support: offers continuous updates and personalized support to our clients, ensuring they have the most up-to-date information to make informed decisions. Our experts are available to discuss specific market developments and provide tailored advice.

This research methodology ensures that delivers the most accurate, timely, and actionable Diethylene Glycol pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.

Specifications

Molecular Weight[g/mol]

106.12 g/mol

CAS No

111-46-6

HS Code

29094100

Molecular Formula

C4H10O3

diethylene glycol

Diethylene Glycol (DEG) is a colourless, odourless, and hygroscopic liquid used in various industrial applications such as antifreeze, solvents, and plasticizers. It is also utilized in the production of resins and lubricants. Feedstock for diethylene glycol includes ethylene oxide and ethylene glycol through a reaction process. DEG is widely used in the manufacture of chemicals, pharmaceuticals, and in the production of polyurethanes and hydraulic fluids.

Packaging Type

Iso Tank

Grades Covered

Industrial Grade

Incoterms Used

FOB Kuwait, FOB USA, FOB Belgium, FOB Saudi Arabia FOB Taiwan, FD Germany, CIF Manzanillo (USA), CIF India (Kuwait)

Synonym

2,2-oxydiethanol

Quotation Terms:

25-28 MT

Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.

Parameters	Specification
Appearance	Clear colourness
Water	0.100
Diethylene Glycol	99.500
Specific gravity at 20/20°C	1.1170-1.1200
Distillation Range-95%vol	250
Purity	99.9
Density 20°C	1.1155
Boiling point (0°C,10133pa) initial boiling point	245
Boiling point (0°C,10133pa) Dry point	242

Applications

DEG is used as a solvent in various chemical processes, particularly in the production of resins, plastics, and coatings. It is a component in antifreeze formulations, helping to lower the freezing point of liquids in automotive and industrial applications. In the cosmetics and food industries, DEG acts as a humectant, retaining moisture in products like lotions and creams. DEG is used in the synthesis of other chemicals, including polyethylene glycols and various plasticizers. It is used in dyeing and finishing processes for textiles and leather, enhancing the penetration of dyes.

Disclaimer

Diethylene Glycol price provided by is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for diethylene glycol. disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

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Frequently asked questions

What factors affect the price of diethylene glycol? +

The price of diethylene glycol (DEG) is influenced by several key factors, including raw material costs, production capacity, and market demand. Fluctuations in the prices of feedstocks, such as ethylene oxide, directly impact DEG pricing. Additionally, supply chain dynamics, geopolitical events, and seasonal demand variations from industries like automotive, textiles, and pharmaceuticals play a significant role in price determination. Understanding these factors is crucial for effective procurement planning.

How can procurement teams manage price fluctuations in diethylene glycol? +

To manage price fluctuations in diethylene glycol procurement, teams can implement several strategies. Diversifying the supplier base helps mitigate risks associated with reliance on a single source. Establishing long-term contracts with fixed pricing can protect against market volatility. Regularly monitoring market trends and raw material costs will enable procurement professionals to anticipate price changes. Additionally, effective inventory management practices can buffer against sudden price increases.

What are the current market trends impacting diethylene glycol pricing? +

Current market trends affecting diethylene glycol pricing include increased demand from the automotive and construction sectors, driven by rising production activities. Additionally, sustainability initiatives are prompting shifts towards greener production methods, influencing pricing dynamics. Supply chain challenges, such as logistical disruptions and raw material availability, also contribute to market fluctuations. Staying informed about these trends is essential for procurement heads to make strategic sourcing decisions.