Carbitol Price Trend

For the Fourth Quarter of 2021

Asia

Overall, market mood for the ether in the Asia Pacific area differs in Northeast Asia and Southeast Asia, while the market remained stable in the fourth quarter of 2021. The market in Southeast Asia was severely hit by increased crude oil offers following the OPEC+ alliance's decision to gradually raise crude oil production output in response to improved demand in the international market. Due to reduced operational loads and limited availability of freight vessels in the Asia Pacific market, power rationing in China pushed up offers to an all-time high. As a result, GE offers remained buoyant throughout the quarter, and the Ex-Mumbai discussion for PEG was evaluated at 111360 INR/MT at the end of the quarter.

Europe

The European market remained stable in the fourth quarter of 2021, despite the prolonged energy crisis in Europe, which pushed on manufacturing costs proportionally due to increases in electricity rates. Furthermore, the need for upstream from the aviation industry, as well as the return of COVID, redirected feedstock supply to antifreeze and sterilising. As a result of the constrained availability versus adequate demand, producer quotations for GE in the European market remained buoyant.

North America

Due to the aftermath of Hurricane Ida, which disrupted freight transportation after becoming a category 4 hurricane, the market in the North American region remained concentrated in the fourth quarter of 2021. Its effects persisted into the fourth quarter, resulting in a 0.8 percent decline in m-o-m production along the Gulf Coast in the first part of the fourth quarter. The demand prognosis was mixed, as queries from the aviation industry for antifreeze-related applications increased, while the discovery of the omicron version of COVID 19 created fresh uncertainty in the home market. In November, Lyondell Basell increased their bids for all grades of glycol ether by 44 USD/MT as a result of the ripple effect.

For First, Second and Third Quarters of 2021

Asia

Due to restricted stock and limited feedstock availability, as well as plant disruptions induced by the Chinese Lunar New Year vacations, supplies remained tight. Due to a supply deficit caused by extreme weather, imports from the North American region were lower. Demand, on the other hand, soared as the revival of COVID in Southeast Asian nations boosted disinfectant usage. Due to a scarcity of the feedstock propylene, the price of Propylene Glycol Ether (PGE) in India soared to 1085 USD/MT in March.

In Q3 of 2021, the Asia Pacific market mirrored the market prognosis in North America. Glycol ether saw huge growth in Asia during the quarter, owing to a combination of circumstances including constrained product availability in the aftermath of Hurricane Ida in the United States and congestion at numerous Chinese ports. Prices in India skyrocketed this quarter, owing to delayed imports and a rise in ethylene oxide prices. Furthermore, expensive freight expenses and a scarcity of shipping containers wreaked havoc on the ether’s prices during this time period. In this quarter, however, demand from downstream sectors such as personal care, cosmetics, and others remained strong.

Europe

Supplies remained tight in the first quarter of 2021, owing to production difficulties in Northeast Europe and a drop in imports from the United States. Furthermore, seasonal supply problems were exacerbated by increased demand. The demand from downstream industries improved as the disinfectants and paints and coatings industries increased their usage. Market sentiments in Europe remained turbulent in the third quarter, owing to restricted supplies and decreasing production rates as a result of the natural gas crisis. Furthermore, a massive increase in freight expenses and shipping container shortages contributed to a spike in GE pricing during this time period. Unprecedented increases in feedstock values pushed GE prices further higher. However, after the resuscitation of industrial and commercial operations, there was an improvement in downstream manufacturer offtakes in this quarter.

North America

During the first part of 2021, supply in the North American region were reduced since a major generating plant was undergoing maintenance. Furthermore, the market supply was tightened as a result of production losses induced by the cold weather conditions in the US Gulf region. Eastman Chemicals announced a 550 USD/MT increase in glycol ether’s prices in March, citing increased demand from downstream sectors and firmer upstream rates. Buyers were irritated by long lead times, but refinery rates began to rise at the end of the quarter, promising better chemical availability in Q2.

During Q3 of 2021, the market in North America had an upward trend due to tight supply in the region and strong offtakes from downstream buyers. Furthermore, a rise in the price of upstream ethylene oxide aided the region's pricing trend. As a result of the Ida Hurricane, numerous firms on the Gulf Coast of the United States were forced to shut down their production plants and petrochemical refineries, resulting in a scarcity of feedstock. Furthermore, renowned ethylene oxide manufacturers Dow and BASF implemented a short turnaround at their EO production plants in August, affecting total downstream availability in the region.

For the Year 2020

Asia

Carbitol is a monoethyl ether of diethylene glycol.  Supply of Glycol Ether (GE) was significantly curtailed in Q3 as a result of some companies lowering their operating rates and a few imposing a temporary turnaround. Producers in China were forced to use numerous short turnarounds due to a lack of feedstock and occasionally poor profitability. The supply issue was exacerbated by trade disruptions caused by the global epidemic, which were then compounded by bad weather. Early stockpiling actions conducted before the Golden Weeklong holidays anticipated for next month boosted demand in China by September. During the recent supply shortages, China started an anti-dumping and anti-subsidy investigation into fair-trade agreements in the US glycol market. Southeast Asia's demand recovered noticeably as sectors ramped up production to make up for the previous quarter's deficit. Prices of butyl glycol in India increased consistently month over month in Q3, averaging 768 USD/MT, owing to lower imports.

North America

With modest increase in buying interest noticed in the latter half of the quarter, demand for many grades of glycol ether, including butyl di-glycol, butyl glycol, and propylene glycol methyl ether, saw a significant recovery. During the extended lockdown, there was a significant increase in renovation operations, which helped to boost demand in the building industry. The paints sector saw a significant increase in demand for the compound as the country's virus fears faded. Although the market actors gained minimal advantage due to the removal of tight limitations, rising incidences of coronavirus stifled the much-anticipated market resurrection of glycol ether in the United States.

Europe

Due to low demand and no scheduled turnarounds, supply of the ether was plentiful in the first half of the quarter. Restricted imports from the United States helped to moderate this expanded demand and supply in late July. Its constricted margins in the region were further stabilised by a significant uptick in downstream demand. However, due to the reappearance of coronavirus in some parts of the region, demand fundamentals dropped off again in the last weeks of September, resulting in a drop in glycol ether’s pricing.

Procurement Resource Database

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Procurement Resource provides latest prices of Carbitol. 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.

Chart Description

Procurement Resource provides prices of Carbitol for several regions around the globe, which are as follows:

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

About Carbitol:

Carbitol is a colourless, viscous liquid having mild pleasant odour. Its flashpoint is about 190°F. It is widely utilised to produce soaps, dyes, as well as some other chemicals. It is one of the components of industrial cleaners. It provides benefits such as excellent solvency, great chemical stability, and good compatibility with water and a number of organic solvents. It is utilised in textile printing and dyeing to facilitate improved solvent penetration into fibres, which further promotes intense and bright shades. 

Chemical Formula of Carbitol

  • C6H14O3 

Synonyms:

  • 111-90-0
  • Diethylene glycol monoethyl ether 
  • 2-(2-Ethoxyethoxy) ethanol
  • Transcutol
  • 3,6-Dioxa-1-Octanol
  • Dioxitol
  • Polysolv DE
  • Dowanal DE

Molecular Weight

  • 134.175 g/mol

Industrial Uses

  • Dyes
  • Cosmetics
  • Cleaners
  • Textiles
  • Intermediates
  • Solvents
  • Nitrocellulose
  • Paints and coatings
  • Resins

Production Processes

  • Production of Carbitol via Ethoxylation. 

Carbitol is synthesised using the process of ethoxylation. In this process,  ethoxylation of ethanol finally results in the formation of Carbitol.

Supplier Database

  • The Dow Chemical Company
  • Eastman Chemical Company
  • Gattefossé
  • Maroon Group
  • BASF SE

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.

Methodology

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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