For the Quarter Ending December 2022
In the US market, the prices of Ethoxylated Tridecyl Alcohol have plummeted. The weak demand from the downstream surfactant industries has led to the accumulation of inventories in the fourth quarter of 2022. The Ethoxylated Tridecyl Alcohol market has operated at low levels amid sluggish procurement from the end-use industries. The freight rates have decreased across the international market and weighed on the price realizations of Ethoxylated Tridecyl Alcohol among the manufacturers. In December, the cost support from upstream raw materials was limited in the region and didn't cause any major downstream price fluctuation. The market players have reported that the demand from the downstream Surfactant and detergent sector was moderate. The ChemAnalyst database has shown that Ethoxylate Tridecyl Alcohol FOB prices were assessed at USD 3475 at the end of the fourth quarter.
The prices of Ethoxylated Tridecyl Alcohol have gained downward momentum in the fourth quarter of 2022 in the Indian domestic market. The sluggish consumption from the downstream market has hampered the upward movement in the price realizations of Ethoxylated Tridecyl Alcohol. The inventory levels have increased. As a result, the manufacturers have decreased their quotations to maintain the supply-demand balance. Furthermore, the input material cost pressure has been eased, and manufacturing activities have been enhanced. However, the market participants have reported that offtakes from the end-use industries have remained on the lower edge amid the low-season demand. In addition, the inflationary pressures also lessened in December. Prices of Ethoxylate Tridecyl Alcohol Ex-Bharuch were settled at INR 218650 per ton in Q4-end.
In the domestic region of Germany, Ethoxylated Tridecyl Alcohol prices have witnessed successive price reductions in the fourth quarter of 2022. The prices have remained on the lower end amid the ample availability and constrained procurement from the end-use industries. High inflationary pressures coupled with burgeoning natural gas costs have pressured market sentiments. Furthermore, toward the end of the fourth quarter, The manufacturers provided low-end quotations due to the inadequate demand from the downstream surfactant and detergent sectors amid the destocking season. The prices of TTF natural gas also softened in December, and manufacturing activities have slightly improved. In December, no supply chain constraints were reported, and there was an active flow of the material in the domestic region.
For the Quarter Ending September 2022
In the USA, the prices of Ethoxylated Tridecyl Alcohol have consistently decreased in the third quarter. The fluctuating costs of upstream raw materials have impacted manufacturing activities across the nation. The demand from the downstream surfactant and detergent industries has also declined. As a result of wavering demand from the terminal sector, the market players have slashed their selling prices. Furthermore, towards the end of the third quarter, the operations rates were found to be high, and supply was regular. The elevated inventory level in the domestic region has further dampened the demand fundamentals of Ethoxylated Tridecyl Alcohol. Additionally, the freight charges from Asian countries have been reduced, supporting the downtrend observed in the market values of Ethoxylated Tridecyl Alcohol. Consequently, Ethoxylate Tridecyl Alcohol FOB Illinois prices averaged USD 3765 per ton in September.
The prices of Ethoxylated Tridecyl Alcohol first increased in July and then continuously dropped throughout the third quarter. India procured Crude Oil from Russia at lower prices, inflicting the operating costs of several chemicals go downward. The demand from the downstream surfactant and detergent sector was slower-than-expected. In addition, the prices of upstream Ethylene Oxide also continuously dropped in the third quarter as the consumption levels from downstream industries remained low. The supply chain was regular, and the manufacturing units operated at regular rates to maintain equilibrium between supply and demand. Prices of Ethoxylate Tridecyl Alcohol Ex-Bharuch were settled at USD 2970 per ton at Q3-end.
The Ethoxylated Tridecyl Alcohol prices have demonstrated mixed sentiments throughout the third quarter. The maintenance of the Nord Stream pipeline has resulted in the limited availability of natural gas in the domestic region. The demand from downstream surfactant and detergent industries was also limited as the purchasing power of the terminal consumer slumped by raging inflation. On the upstream price front, the Ethylene Oxide prices have continuously dropped amid the weaker demand and decline in upstream raw material prices. As a result, the price negotiations of Ethoxylated Tridecyl Alcohol have been under sufficient pressure among the manufacturers. Thus, the cumulative effect of bearish downstream market sentiments and the decline in raw material kept the prices of Ethoxylated Tridecyl Alcohol volatile in Q3-end.
For the Quarter Ending June 2022
The Ethoxylated Tridecyl Alcohol market in the North American region staggers slowly during the second quarter of 2022. The inflation majorly caused this market development after the U.S, and the E.U, with the support of G20 nations, imposed sanctions on Russia. The cost support from the upstream fats and oil market remains persistently on an upward trajectory. However, some relief was bought due to the COVID shut down in China, which eased the PKO prices. The contract negotiations diverge against competing for feedstock and supply/demand fundamentals in the domestic market. However, prices were reduced during the second half of June amidst the ease in the PKO cost.
During the second quarter of 2022, the Ethoxylated Tridecyl Alcohols market in the Asia Pacific was bearish. The resurgence of COVID in China forced the authorities to impose the shutdown, which was prolonged for three months in northeast China. Therefore, the Ethoxylated Tridecyl Alcohol supply chain disruption significantly impacted the inquiries for the PKO. A major market source stated that the Chinese players in the Southeastern market were absent for a significant period. In response to the lower cost support from the upstream PKO coupled with the slowed demand in the Chinese domestic market, weakened the sentiments of the Tridecyl Alcohol Ethyoxylate producers, and the quotations were dropped in the Asia Pacific region despite the ongoing ban on the exports of the Indonesian Palm Oil.
In the second quarter of 2022, the Ethoxylated Tridecyl Alcohol market in the European region observed a mixed sentiment that varies across the region. The retaliatory measures against Russia have resulted in a record high inflation in the European markets. Buyers were more keener toward procuring the finished goods than manufacturing as the demand has significantly dropped in the European markets amidst the holiday season. In addition, the discussions for palm oil in the domestic market eased significantly. As a ripple effect, the discussion of Ethoxylated Tridecyl Alcohols varies across the sub-regions in Europe.