During early August xxxx, Diethylene Glycol (DEG) market in the key global regions prevailed mixed sentiments, as regional supply–demand balances and macroeconomic factors influenced the markets. The US market weakened as supply outpaced demand followed by trade frictions stemming from tariffs. In contrast, European and APAC DEG markets held firm prices based on balanced fundamentals, whereas the MEA region experienced marginal fluctuations between post-maintenance recovery in output and subdued export demand. Region-wide, seasonal slowdowns, logistical setbacks, and subdued downstream activity pretty much controlled DEG price direction, curbing volatility.
The US DEG market remained bearish amidst high inventories and low demand was bearish on sentiment. Sufficient domestic production was reported, despite force majeure announcement after a power outage at Lotte Chemical Corporation&#xx;s Lake Charles, Louisiana plant on July xx, running through August xxxx. Further, softening of production expenses, aided by a...
