In the Asian sector, the ethylene glycol market demonstrated fluctuations in the first half of 2023. Despite efforts to stabilize after an extended slump, prices faltered once more. This period was marked by a prevailing sense of depreciation, notably in China where prices started in January and concluded the second quarter lower. The subdued market mood was influenced by sluggish demands in downstream industries. Similarly, the Indian market showed oscillations with sporadic upward shifts. In Europe, prices followed a stable but diminishing trend due to ample inventories and consistent demands. North America exhibited a comparable trajectory, collectively reflecting a subdued market sentiment.
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Definition
Ethylene glycol is a colorless, odorless organic compound widely used as an industrial solvent and antifreeze agent. It has a high boiling point and low freezing point, making it valuable for preventing the freezing of water in various applications, from automotive engines to HVAC systems, and as a raw material in chemical synthesis.
Key Details About the Ethylene Glycol Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Ethylene Glycol in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Ethylene Glycol Price chart, including India Ethylene Glycol price, USA Ethylene Glycol price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Ethylene Glycol Price Trend:
Ethylene glycol finds key industrial uses as an antifreeze agent in automotive engines, HVAC systems, and aircraft de-icing. It serves as a solvent in the production of resins, plastics, and textiles. Its low freezing point and high boiling point make it valuable in various heat transfer applications, such as in solar water heaters and geothermal systems.
Key Players:
- ME Global
- Saudi Basic Industries Corporation (SABIC)
- China Petroleum & Chemical Corporation (Sinopec)
- Reliance Industries Limited
- Shell Global
- INEOS Capital Limited
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