In February xxxx, the Polyethylene Glycol trend was stable, and prices witnessed a marginal increment of x.xx amid moderate demand dynamics and inadequate availability of supplies due to affliction in production rates.
The production rates of Polyethylene Glycol were impacted due to limited availability of feedstock Ethylene, attributed to heightened risks of supply chain disruptions amidst ongoing tensions in the Middle East. This was exacerbated by a missile attack on an oil tanker off the coast of Yemen, leading to increased traffic along global shipping routes and consequently raising production costs for Polyethylene Glycol.
The Polyethylene Glycol orders were moderate for PEG xxx for fruit coatings amid consistent consumption due to increasing temperatures in the Northern Hemisphere and a rise in food prices amid an escalation of x.xx in food inflation during the month. As per the sources, in February xxxx, the Eurozone&#xx;s Manufacturing Purchasing Manager&#xx;s...
