Polytetramethylene Ether Glycol (PTMEG) Price Trend and Forecast

Regional Price Overview

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 October - December of 2023

Asia

The Asian Polytetramethylene Ether Glycol industry witnessed some positive market sentiments during the fourth quarter of the year 2023. Feedstock tetrahydrofuran prices primarily influenced the Polytetramethylene Ether Glycol market trend during this time. The Indian Polytetramethylene Ether Glycol market saw the monthly average prices going from about 2727 USD/MT (Grade 1800, CIF Contract) in October’23 to around 2795 USD/MT in December’23, registering an overall incline of around 2%.

Polytetramethylene Ether Glycol (PTMEG) Price Chart

Please Login or Subscribe to Access the Polytetramethylene Ether Glycol (PTMEG) Price Chart Data
 

Similarly, the Chinese Polytetramethylene Ether Glycol prices witnessed a market growth of approximately 4% during the discussed period as the monthly average spot prices in China went from about 2659 USD/MT (Grade 2000, FOB, Spot) in October’23 to around 2790 USD/MT in December’23. Overall, rising market trend were witnessed for Polytetramethylene Ether Glycol.

Europe

The European market trend for Polytetramethylene Ether Glycol witnessed the consolidation of prices during the fourth quarter of the year 2023. The supply and demand outlooks were largely observed to be aligned with each other; thus, the prices oscillated within a very narrow range during Q4’23.

North America

The North American Polytetramethylene Ether Glycol market was more influenced by the Asian market, as the prices followed a similar trajectory here as well. With an affirmative demand outlook from the downstream consumption industries, the Polytetramethylene Ether Glycol prices wavered at the positive side of the curve for a majority of the given period.

Analyst Insight

According to Procurement Resource, the Polytetramethylene Ether Glycol price trend are expected to continue wavering similarly in the coming months since the market drivers do not suggest much change in the pricing outlook.

Polytetramethylene Ether Glycol (PTMEG) Price Trend for the July-September of 2023

Asia

The polytetramethylene ether glycol (PTMEG) prices witnessed an incline in the quarterly price trend of Q3’23 as the downstream demands from the polyurethane producing industries remained high throughout the given span of three months.

In China, the market started positively but at a slower pace at the beginning of the quarter in July of 2023. As the quarter progressed, polytetramethylene ether glycol prices grew even more. The Chinese monthly average spot prices (for Grade 2000 polytetramethylene ether glycol) inclined from approx.2350 USD/MT in July to about 2555 USD/MT in September’23, registering an approximate quarterly incline of about 8%.

Relative to the steep incline in the Chinese market, the Indian polytetramethylene ether glycol market was largely stable as the prices fluctuated within very confined limits. The prices slid marginally from July to August and then rebounded in the next couple of months. From July to September, the average monthly polytetramethylene ether glycol prices (CIF, Grade 1800) shifted from about 2650 USD/MT to about 2647 USD/MT. Overall, mixed market sentiments were observed.

Europe

The European polytetramethylene ether glycol market was mostly found to be swinging at the lower end of the price graph. The lackluster demands from polyester and polyurethane manufacturing firms primarily drove the market sentiments. A considerable dip in the upstream costs, because of reduced freight and transportation costs, also influenced the slumping nature of the polytetramethylene ether glycol price curve of Q3’23. Overall, dull market trend were witnessed.

North America

The North American polytetramethylene ether glycol market prices were more influenced by the Chinese market trend since a consistent inclination was witnessed in the American market as well. Eased offshore trade aspects after a long time promoted healthy market dynamics. Even though the inclinations were mostly marginal, consistent improvements were observed.

Analyst Insight

According to Procurement Resource, the Polytetramethylene Ether Glycol market trend are expected to improve going forward in the coming months, given the current demand and pricing fundamentals.

Polytetramethylene Ether Glycol (PTMEG) Price Trend for the First Half of 2023

Asia

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.

Europe

In Europe, the price trend 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.

North America

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.

Analyst Insight

According to Procurement Resource, the price trend 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

Asia

The prices of PTMEG followed a downward trajectory in the Asia Pacific region in the last two quarters of 2022. The price trend 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.

Europe

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 trend.

North America

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.

Analyst Insight

According to Procurement Resource, the price trend 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

Asia

The price trend 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.

Europe

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.

North America

The price trend 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.

Analyst Insight

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.