In July xxxx, the international Triethylene Glycol (TEG) market witnessed different regional price trends caused by supply-demand and trade conditions. North America persisted a bearish trend owing to excess inventories and poor downstream demand. In contrast, the Asia-Pacific region witnessed bullish pricing, underpinned by tight supply and robust industrial demand in the face of trade tensions. Simulatneously, Europe had stable prices with well-balanced supply and moderate demand, despite technical issues. These different trends point to the diverse global TEG market dynamics.
In the US, TEG prices had a bearish trend with a condition of high supply. Strong inventories and a steady level of domestic production outweighed muted demand from major downstream oil and gas markets. Even with increasing feedstock prices, ongoing market oversupply and prudent buyer attitudes exerted downward pressure on the prices. Further, US oil rig count was...
