Get the latest insights on price movement and trend analysis of 2-Ethylhexanol in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
2-Ethylhexanol Price Trend for the First Half of 2023
2-Ethylhexanol witnessed mixed price trends in the Asian region in the first half of 2023. In the Chinese domestic market, prices initially surged in the first month of Q1 because of increased demands from downstream construction, lubricant, and soaping industries. But as the Chinese New Year holidays arrived, demands declined, causing prices to decline continuously for the rest of the quarter.
The same downward trend continued in the second quarter, where the prices remained somewhat flat given the sluggish demand patterns. In China, the spot prices of 2-Ethylhexanol went from around 1440 USD/MT in February to about 1260 USD/MT in June’23.
2-Ethylhexanol price trends remained fluctuating throughout the said period. Demands from the downstream construction and automotive industries continued to drive the market sentiments. Since the onset of the Russia-Ukraine war, the construction and automotive sectors have taken a major hit, as the cost-of-living crisis diverted the spending behavior of European consumers.
After a long slump, a little demand revival was observed, causing the prices to incline slightly around March. But soon after April, the prices went downhill as the demand started falling. This falling demand led to stockpiles in an already over-saturated market which readily aided the downfall in price trends in the second quarter.
American 2-Ethylhexanol market replicated the global oscillating trends in H1 2023. Feedstock prices supported the upstream costs, and prices remained high, swinging for the entire first quarter. Downstream demands were also steady, which contributed to the inclined price patterns, but as Q2 approached, both upstream costs and market offtakes started declining, which shifted the price patterns downwards.
According to the Procurement Resource, 2-Ethylhexanol prices are expected to fluctuate in the coming quarter. The production costs and downstream demand will continue to drive the 2-Ethylhexanol market.
2-Ethylhexanol Price Trend for the Second Half of 2022
The prices of 2-Ethylhexanol witnessed a downward trend in the said period. The decline in the demand for 2-EH was owing to the pandemic-related shutdowns/slowdowns in China. Having witnessed the worst heatwaves in over six decades, the Chinese government ordered a complete shutdown of factories to ease power shortages.
This power rationing deeply affected the production rates of the product along with its demand. Given the current market outlook, no prominent demand came from the downstream construction and automotive sectors, thereby further suppressing the prices. The price of 2-Ethylhexanol averaged 1400 (approx.) USD/MT Spot China towards the end of December’22.
The price trends for 2-EH remained weak during the second half of 2022 across the European market. The high operating and transportation costs due to the economic backlash caused the market’s demand to diminish. Additionally, the fall in the water levels of the Rhine River (handling the majority of water freight in Germany) created additional challenges causing the Ethylhexanol prices to crash.
The US domestic market closely mimicked the international outlook. The diminished demand from the downstream automotive, appliance, and construction factories caused the prices to fall. The planned shutdowns of many factories for maintenance coupled with falling feedstock propylene prices further affected the prices.
The prices of 2-EH are expected to gather some momentum in the coming months as the demand rebounds given the relaxation of the variables involved.
Procurement Resource provides the latest prices of 2-EH (2-Ethylhexanol). Each price database is tied to a user-friendly graphing tool dating back to 2014, which offers a range of functionalities: configuration of price series over a user-defined time period; comparison of product movements across countries; customization of price currencies and unit; extraction of price data as excel files to be used offline.
2-EH, that is, 2-Ethylhexanol is an eight-carbon branched chain oxo alcohol with aromatic odour. This chemical compound is insoluble in water and has slow evaporation rate. Its flash point is between 140-175°F. It has low volatility and also has defoaming, wetting, and dispersing characteristics.
|Molecular Weight||130.23 g/mol|
|Supplier Database||Acros Organics, BASF PETRONAS Chemicals Sdn. Bhd., Eastman Chemical Company|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, 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
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
In this process, 2-EH is produced from n-butyraldehyde via aldol condensation process, which leads to the formation of hydroxyaldehyde. The resulting mixture is then hydrogenated to finally produce2-EH.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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