Diethylene Glycol (DEG) prices witnessed the mixed prices trend during May Hx, in the key market. While the major markets showed sluggish conditions, some improvements have been noticed only in the APAC market.
In the United States market, prices for the DEG exhibited a bearish trend during the first half of May xxxx. DEG prices declined by x.xx during the period and reached USD xxx/MT CFR Texas. Price trend for DEG in US market, influenced by multiple factors including higher inventory and the sluggish demand conditions. Local inventory remained high coupled with the increased imports, coupled with the higher domestic stock availability and rapid procurement during the early period of xxxx. Data revealed that the imports for the DEG rose in Qx xxxx by xxx, compared to the previous quarter.
Dwindling demand dynamics from the downstream...
