Butyl Glycol Price Trend and Forecast

Regional Market Overview

Get the latest insights on price movement and trend analysis of Butyl Glycol in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Butyl Glycol Price Trend for the H1 of 2023

Asia

In the first quarter of 2023, the price trend of butyl glycol inclined as the positive demand dynamics of the downstream sector and costly imports from the European region raised the prices of butyl glycol. The level of stockpiles in the region also declined as the demand depleted the product's availability in the market, and some manufacturers and traders struggled to meet the demand.

However, in the second quarter, the price trend began to decline as the cost support from the raw material prices began to fall. In addition to this, the demand for the product also remained stagnant, and producers had to cut down their operation rates to curb the falling demand that caused the downfall of the prices of butyl glycol.

Europe

In the first two quarters of 2023, the price trend of butyl glycol followed a southward trajectory as the region suffered from the dooming shadows of recession and slow trade in the region. Further, the exports from the region also remained low. Additionally, the crude oil and petrochemical industries saw volatility in their market, and downstream industries also struggled to keep their demand at usual levels, which ultimately led to a fall in the prices of butyl glycol.

North America

Weak market fundamentals and a significant level of inventories in the region led to the rise in market uncertainties in the North American region. In addition, the producers also had to reduce their production output and price quotations in view of the market conditions.

The trade activities in the region also slowed down, and due to the reduced number of offtakes from commercial and household cleaning products, the butyl glycol market was caused to move southwards.

Analyst Insight

According to Procurement Resource, the price trends for butyl glycol are estimated to showcase a fluctuating trend as the global market dynamics seem weak, and the demand from the end-user sector also appears to be stagnant.

Procurement Resource provides latest prices of Butyl Glycol. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.