Diethylene Glycol, a critical raw material in the manufacturing of Polyester fibres (textile and clothing), PET and Antifreeze products, experiences a bullish price trend for the USA, Europe and Middle Eastern market in February xxxx, driven by the numerous complexities from upstream, operations and logistics segment, which remains fail to cover the downstream demand.
In the USA, Diethylene Glycol prices increased by around x.xx in February xxxx, due to the growth in downstream demand amidst the tight supply. This is primarily attributed to the shortage in inventory like numerous key players shutdown the production units or reduced their operation capacities in early xxxx. Like in USA, Dow Chemical company, Indorama Venture in Texas and Louisiana based Lotte Chemical Corporation reduced their operation capacity owing to the Freezing Cold weather. At the same time, Diethylene Glycol, demand remained high from downstream Polyester and Antifreeze sector as USA...
