Polytetramethylene Ether Glycol Price Trend Analysis: Q4 2024
In Q4 2024, the PTMEG market remained under bearish pressure, with price reductions across most regions. In China, prices fell by 8.2%, dropping to $1592/MT, as weak demand and slower procurement due to year-end conditions dominated the market.
Brazil experienced a significant drop of 11.1%, with prices falling to $1823/MT, influenced by lower production rates and weak industrial demand. Taiwan saw a 10.0% decline, with prices reaching $1785/MT, as market sentiment remained subdued and inventories remained high.
In Turkey, prices fell by 9.8%, dropping to $1767/MT, while the USA recorded a sharp 13.1% decrease, with prices settling at $1821/MT, driven by supply-demand imbalances and macroeconomic pressures.Â
Polytetramethylene Ether Glycol Price Trend Analysis: Q3 2024
In Q3 2024, the PTMEG market continued its downward trend, with price declines across major regions. In China, prices dropped by 12.2%, reaching $1733/MT, primarily due to weak demand and high inventory levels.
Brazil saw a 6.5% decrease, with prices falling to $2050/MT, as domestic consumption remained limited and market uncertainty continued. Taiwan’s prices declined by 7.6%, reaching $1984/MT, while Turkey saw an 8.6% reduction, with prices falling to $1960/MT, reflecting continued softness in downstream demand.
In the USA, PTMEG prices fell by 5.5%, settling at $2095/MT, as macroeconomic challenges and subdued industrial activity exerted pressure on the market.Â
Polytetramethylene Ether Glycol Price Trend Analysis: Q2 2024
In Q2 2024, the PTMEG market continued its downward trend, with price reductions observed across key regions. In China, prices fell by 7.5%, dropping to $1973/MT, as demand from sectors like spandex and elastomers remained weak.
Brazil experienced a 6.0% decrease, with prices falling to $2192/MT, driven by slower industrial consumption and ongoing inventory adjustments. Taiwan saw a sharper drop of 7.7%, with prices falling to $2147/MT, due to oversupply concerns and sluggish recovery in demand.
In Turkey, prices dropped by 6.3%, reaching $2145/MT, while the USA recorded a 5.8% decrease, with prices falling to $2216/MT, influenced by global economic headwinds and logistical challenges.Â
Polytetramethylene Ether Glycol Price Trend Analysis: Q1 2024
In Q1 2024, the PTMEG market faced a significant downturn, with price declines across all major regions. In China, PTMEG prices fell sharply by 19.0%, reaching $2134/MT, as weak demand from the textile and spandex sectors, combined with broader economic challenges, led to price pressures.
Brazil saw a 14.0% decrease, with prices falling to $2331/MT, influenced by inventory pressures and reduced industrial activity. Taiwan experienced a smaller drop of 2.6%, with prices reaching $2325/MT, supported by some stability in domestic demand.
In Turkey, prices fell by 15.1%, settling at $2289/MT, while the USA saw a 13.4% decrease, with prices dropping to $2353/MT, driven by macroeconomic challenges and logistical disruptions.Â