In early January xxxx, the global Diethylene Glycol (DEG) market displayed a mix of price trends, reflecting the interplay of supply-demand dynamics and regional economic factors.
DEG prices in the U.S. followed a bullish trend, climbing by x.xxx. This uptick in prices was driven by tight supply conditions. The anticipated port strike and rising demand from the downstream manufacturing sector were significant contributors. Market participants also reported expectations of tight supply in the coming period, as constrained availability due to anticipated Ethylene Oxide (EO) shortages—resulting from scheduled maintenance—could lead to higher production costs for EO derivatives.
On the demand side, the paints and coatings sector experienced strong growth, fueled by robust automotive sales, which closed xxxx at xx.xx million units, marking a x.xx year-on-year increase. However, weak demand from the resin manufacturing and construction sectors tempered the overall market momentum. In December xxxx, the U.S. construction...
