Get the latest insights on price movement and trend analysis of PTMEG in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Polytetramethylene Ether Glycol (PTMEG) Price Trend for the First Half of 2023
The prices of PTMEG in the Asia Pacific region gradually declined in the first and second quarters of 2023. In China, the spot prices of PTMEG fell from around 2471 USD/MT ( Grade 2000, FOB China) in January’23 to 2324 USD/MT ( Grade 2000, FOB China) in June’23. This decline was majorly attributed to the feeble demand and uncertainties in the feedstock prices.
In addition to this, the prices also suffered from supply constraints owing to the shutdown of many industrial production units. A similar declining trend was seen in the Indian domestic market, given the stagnant demands and over-saturated markets. The contract prices of PTMEG went from around 4169 USD/MT ( Grade 1800, CIF India) in January to around 3848 USD/MT (Grade 1800, CIF India) in June’23.
In Europe, the price trends for PTMEG were affected by the poor performance of the downstream sector and the low purchasing index. The region suffered from high economic uncertainties in the first two quarters of 2023, negatively impacting PTMEG prices. Thus, the confidence of consumers declined in the market, which widened the supply and demand gap.
In the first half of 2023, the North American market witnessed a fluctuating trend for PTMEG prices. The price trend was guided by volatility in the cost of feedstock. In the initial months, the trend moved upwards as the demand for the products in the region improved, but in the subsequent months, the prices moved in the negative direction with the rise in inflation and the shadows of a global recession. The region also faced supply chain disruptions that aided the fall in prices.
According to Procurement Resource, the price trends for Polytetramethylene Ether Glycol (PTMEG) are estimated to remain unsettled in the upcoming quarter. The interplay between feedstock prices and weak demand amidst the rising inflation rates will likely drive the PTMEG market.
Polytetramethylene Ether Glycol (PTMEG) Price Trend for the Second Half of 2022
The prices of PTMEG followed a downward trajectory in the Asia Pacific region in the last two quarters of 2022. The price trends for PTMEG were affected by the feeble demand and frequent natural disasters in the China region. In addition, the slow movement of the market, reduced output of the end-user sector, and cuts in domestic production also negatively impacted the PTMEG prices. In the fourth quarter, the feedstock prices dipped along with the poor performance of the textile sector, which further aided the falling trajectory.
The prices of PTMEG dipped in the third and fourth quarters of 2022 as the demand for the product remained sluggish in the region. Along with this, the effect of the ongoing Russia-Ukraine conflict and sanctions imposed on trade with Russia also negatively impacted the PTMEG market. The economic slowdown resulted in weak buying potential, and thus, the number of new orders in the region declined, resulting in negative price trends.
A declining trajectory in the prices of PTMEG was observed in the North American region as the support from the feedstock material was weak, and the producers received a low number of inquiries from the end-user sector. In the fourth quarter, the prices also suffered from the increasing energy rates, rising inflation, and weak demand due to the holiday season that aided the downward shifting of PTMEG prices.
According to Procurement Resource, the price trends for Polytetramethylene Ether Glycol (PTMEG) are estimated to showcase a mixed trend in the upcoming quarter. The prices of PTMEG will be affected by the rise in global inflation and subdued demand from the end-user industries.
Polytetramethylene Ether Glycol (PTMEG) Price Trend For the First Half of 2022
The price trends of PTMEG consistently rose in the Asia-Pacific region during the said period. The strong demand from the polyurethanes, adhesives and paints sector kept the prices from falling. Covid inflicted shutdowns caused the industrial output to decline, causing market shortages.
These shortages were further aggravated by the geopolitical turbulence in the wake of the Russia-Ukraine conflict when precious black sea exports were halted, channeling a domino chain of economic repercussions. Despite the supply-side constraints, the buoyant market demand kept the prices from falling and pushed them towards the higher end of the scale. The cost of PTMEG averaged 4900 USD/MT during the said period.
PTMEG prices averaged a whopping 6550 USD/MT in the European domestic market, given the economic downturn and difficulty in sourcing amid flourishing demand from the textile and polyester industries. The exact pricing dynamics continued in the second quarter. However, towards the end of Q2, only marginal rises were seen in the PTMEG prices as the consistent inflationary prices took a toll on the demand fundamentals of the market.
The price trends in the US domestic market closely mimicked the global outlook. The soaring demand for spandex (the largest end-use application of PTMEG) in the market supported the high prices of PTMEG. The inflated feedstock MEG prices in the wake of rising crude oil and gas prices added to the upstream cost pressure. The PTMEG prices averaged 5600 USD/MT during the said period.
According to Procurement Resource, the prices of PTMEG will likely plateau and stabilize in the upcoming months. As the demand turns sluggish, the prices will come under pressure considering the ample availability of the product in the market.
Procurement Resource provides latest prices of Polytetramethylene Ether 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.
Polytetramethylene Ether Glycol (PTMEG) is a white waxy solid polyol which upon melting turns into a clear, colourless, viscous liquid. It is mainly used in the production of polyurethane fibers, elastomers and copolyester-ether.
|Product Name||Polytetramethylene Ether Glycol (PTMEG)|
|Industrial Uses||Production of polyurethanes, polyesters & polyamides|
|Molecular Weight||136.18 g/mol|
|Synonyms||Polytetrahydrofuran, PTMEG, Tetramethyletherglycol|
|Supplier Database||BASF SE, Mitsui Chemicals, Inc., BASF SE, Genomatica, Asahi Kasei Corp., DuPont, The Dow 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, tetrahydrofuran is mixed with the catalyst fluorosulfonic acid. As a result of this, polymerization products are formed, namely, polytetramethylene ether chains with sulfur ester groups. Sulfates are then hydrolyzed with water and the acid is removed.
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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