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.
Get the latest insights on price movement and trend analysis of Carbitol in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Carbitol prices are constantly rising in the Asian arena. Due to the renewed production in the Chinese domestic market after the Lunar New Year break, the demands from the downstream sectors increased. Amidst the rising crude oil and natural gas prices and supply disruptions, the price soared to a new high.
Though the prices of primary raw materials like ethanol ,1122 USD/MT Ex Shanghai, and ethylene oxide, 7350 RMB/ton, are declining in the domestic market, the parallel decrease in the price trend of carbitol is not seen. The higher prices in the international market nudged the sellers to sell their products globally, profiting from the temporary difference in the price.
The continuing Russia-Ukraine conflict has led to an economic meltdown across Europe, giving way to runaway inflation. The ever-increasing crude oil and natural gas prices have led to a massive surge in the price of almost all commodities.
Due to the rising cost pressure of ethanol (1480 USD/MT FOB Frankfurt Germany) and ethylene oxide, the price of carbitol increased constantly. Also, the increasing demand from the downstream sectors offset the market supply-demand dynamics tipping the scales for carbitol towards the higher side.
The uncertainties in the market because of rising crude oil prices and supply chain disruptions have led to an increase in the input costs of the industries, thereby pressuring their margin. Hence, domestic manufacturers increased upstream prices, offsetting downstream sectors' demands.
Due to this mismatch in the market dynamics, the price soared in the United States. The price of ethanol averaged 998 USD/MT FOB Texas due to the high feed price and biofuel demand. Hence, price trends for carbitol remained inflated in the domestic arena.
For the Fourth Quarter of 2021
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.
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.
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
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.
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.
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
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.
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.
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.
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.
|Industrial Uses||Dyes, Cosmetics, Cleaners, Textiles, Intermediates, Solvents, Nitrocellulose, Paints and coatings, Resins|
|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|
|Supplier Database||The Dow Chemical Company, Eastman Chemical Company, Gattefossé, Maroon Group, BASF SE|
|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|
Carbitol is synthesised using the process of ethoxylation. In this process, ethoxylation of ethanol finally results in the formation of Carbitol.
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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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