Allyl PEG uses allyl chloride and polyethylene glycol for its manufacturing, and thus, their market behaviors closely replicate each other. The year 2023 was a turbulent one for the allyl PEG market prices. For the majority time span, swift and short ranged fluctuations were witnessed in the price curve. The year started on a positive note as the prices started to firm in the first quarter, particularly in the Asian markets. However, as the months progressed, the prices started sliding down, primarily because of low upstream cost support.
A persistent downfall in crude oil prices resulted in the noted depreciation in production costs. This continued until the end of the third quarter. Further, the year-ending quarter witnessed an even steeper fall in the allyl PEG price graph. Owing to the supply chain restrictions and the erupted conflict in the Middle East, the global trade dynamics were disturbed. Market demands for Allyl PEG declined substantially, and the prices fell further down. Overall, mixed market sentiments were witnessed.