As of August 2024, the price of Diisopropyl Ether (DIPE) is approximately $1,600 per metric ton, reflecting a 2.4% decline from the previous month in China, while prices in European countries saw a slight increase.
In the first half of 2024, the price of Diisopropyl Ether (DIPE) saw a significant decline in both the Asia-Pacific (APAC) and European regions. This drop, especially noticeable between Q1 and Q2, was driven by an oversupply in the market, coupled with weak demand from industries such as agrochemicals and solvents.
In July, the European region experienced a persistent upward trend in prices, while the APAC region saw a decline of approximately 4%. The price increase in Europe was supported by strong market fundamentals and stable production levels, with demand from downstream industries remaining robust, driving the continued rise in DIPE prices.
As supply chains in the chemical sector began to recover and the availability of raw materials improved, Diisopropyl Ether (DIPE) prices surged due to increasing demand from industries such as pharmaceuticals, electronics, and textiles. This price rise was further supported by the consistent demand for DIPE in agrochemicals and other sectors that rely on this versatile solvent.
Looking forward to Q4 2024 and beyond, the Diisopropyl Ether (DIPE) market is expected to mirror some of the trends observed in 2023. Recent analyses indicate that global DIPE prices will likely remain under pressure due to oversupply, particularly from the Asia-Pacific region, while notable growth is anticipated in the European market.