The Polyethylene Glycol market in Belgium is set to come across a period of price volatility in the coming months, shaped by the varying downstream demand, fluctuating feedstock availability, changing economic conditions, and intensifying global competition.
As of January xxxx, the price of Polyethylene Glycol as per the analyses by ChemAnalyst was about USD x,xxx per MT on FD – Antwerp basis, witnessing an approximate xx increase compared to December xxxx. This upward movement is attributed to sustained demand from the pharmaceutical and personal care sectors, where Polyethylene Glycol plays a crucial role as an emulsifier and excipient.
Production activities have been impacted by the ongoing feedstock supply issues, particularly the restricted availability of ethylene. Additionally, competition from lower-priced Polyethylene Glycol imports from Asia, along with broader economic challenges and geopolitical uncertainties, has influenced the market sentiment and buying patterns.
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