DPGME market in March saw prices move sharply higher amid intertwined supply disruptions, higher feedstock costs and seasonal demand. Early-month trading tracked geopolitical risk, while closures around the Strait of Hormuz amplified crude, LNG and logistics costs, feeding into landed prices. Later in March, vessel rerouting, port congestion and container shortages constrained liquidity and prompted buyers to secure volumes, with producers prioritizing contractual shipments in a market. Demand from coatings and industrial cleaning reinforced the rally, sustaining a tight balance as spring construction activity stayed strong. Upstream dynamics and logistics were primary catalysts, with methanol and crude-linked margins supporting higher costs, and limited propylene oxide capacity further restraining throughput. Freight dislocations added to landed costs, and a force majeure at a refinery reduced availability. Looking ahead, the market faces continued upward pressure in April and May, before seasonal easing; forecasts anticipate gains in early months followed by moderation through the summer, amid ongoing tension, insurance and freight cost headwinds.
