For the Quarter Ending June 2023
North America
The prices of Ethoxylated Tridecyl Alcohol have witnessed volatile price movements in the US market. On the upstream front, the prices of Ethylene Oxide have weakened, prompting a downward pressure on the price realizations of Ethoxylated Tridecyl Alcohol. The manufacturers have refrained from any price escalation, as the demand from the downstream surfactant and personal care industries also remained slower than expected. Furthermore, the tight monetary policies imposed by Federal Reserve have contributed to easing the inflationary pressure in the US market in April, albeit at a slower pace. The economic crisis brought on by the failure of two banks in late Q1 has also exacerbated market concerns. The operating rates of the manufacturing firms remained under pressure, as the market players were unwilling to for the build-up up inventories amid the recession fears. Overall, the movement of finished goods was unhindered, as no supply-chain bottlenecks have been reported in the given timeframe. Furthermore, The prices of Ethoxylated Tridecyl Alcohol progressed in the southward direction in June as The inquiries originating from the downstream Personal Care sector have exhibited a rigid demand pattern.
APAC
In the Indian domestic market, the prices of Ethoxylated Tridecyl Alcohol have demonstrated mixed market sentiments in the second quarter of 2023. In early Q1, the prices of Ethoxylated Tridecyl Alcohol have been declined as the rise in manufacturing activities in the first quarter of 2023 led to stockpiling of the product in the domestic region. As a result, to stimulate the shipments, the manufacturers have opted for price adjustments. The cost support from upstream raw materials such as Ethylene Oxide was also insufficient to strengthen the pricing dynamics of Ethoxylated Tridecyl Alcohol. According to market participants, there has been an increase in inquiries coming from the surfactant and detergent industries which are major consumers of Ethoxylated Tridecyl Alcohol. The market transactions have also escalated, and the Ethoxylated Tridecyl Alcohol market operated at high levels in May. Furthermore, according to the financial report released by one of the leading market players, Arti Surfactants has registered a net profit of 17.8% in the quarter ending March 31, compared to Q4-2022. Furthermore, towards late Q2, The decline in Australian coal prices, along with easing international and domestic pet coke prices, has contributed to the downshift observed in the price realizations of Ethoxylated Reidecyl Alcohol.
Europe
Throughout the second quarter of 2023, the market fundamentals of Ethoxylateed Tridecyl Alcohol have remained under pressure amid continued inflationary pressures and weak market sentiments. On the upstream front, the availability of Ethylene Oxide was also sufficient to cater to the downstream demand arising from the Ethoxylated Tridecyl Alcohol. The production facilities have been operating at slightly reduced rates to avoid stockpiling the product. The data shows that the economic slowdown has weakened the manufacturing activities in the German market. As a result, the manufacturing Purchasing Manager Index has settled in the contraction zone throughout Q2. This contraction in the manufacturing sector in Germany has posed challenges for the European Central Bank (ECB) in its efforts to control inflation, which remains above its target of 2%. To address the situation, the ECB has been increasing interest rates to moderate demand and reduce prices. The manufacturers were cautious about the further rise in overall sales from the downstream personal care industries, thus refrained from any upshift in offers for Ethoxylated Tridecyl Alcohol.
For the Quarter Ending March 2023
North America
In early Q1, the prices of Ethoxyated Tridecyl Alcohol gained downward momentum in the US market. The reduction in upstream Ethylene Oxide and Natural gas prices has severely impacted the production costs of Ethoxylated Tridecyl Alcohol in the domestic region. The stocks of Ethoxylated Tridecyl Alcohol were at the higher end amid lower consumption from the downstream market. The fear of impending recession has also levied its impact on manufacturing activities in the domestic region. However, in mid-Q1, the prices of Ethoxyated Tridecyl Alcohol improved amid a rise in offtakes from the downstream personal care sector. Furthermore, the financial sector turmoil has pressured trade activities of various specialty chemicals, including Ethoxyated Tridecyl Alcohol. The freight charges were also settled lower amid a slowdown in global demand. Therefore, Ethoxylate Tridecyl Alcohol FOB Illinois prices were concluded at USD 3000 per ton in Q1-end.
APAC
In the Indian domestic market, the prices of Ethoxyated Tridecyl Alcohol have demonstrated a volatile market trend. The drop in demand from the downstream personal care sector has led to a reduction in the market value of Ethoxylated Tridecyl Alcohol in early Q1. The manufacturing activities have remained resilient in the domestic region, and as a result, the stocks of Ethoxylated Tridecyl Alcohol have been observed to be on the higher end. Furthermore, towards the end of the first quarter, the prices of Ethoxylated Tridecyl Alcohol were reinforced as the procurement from the downstream personal care sector escalated. With a drop in inflation, the purchasing sentiments have also strengthened, supporting the price rise of Ethoxylated Tridecyl Alcohol. The production facilities have been operated with their full capabilities to maintain the market balance. Thus, Ethoxylate Tridecyl Alcohol Ex-Bharuch prices were settled at INR 212200 per ton in March.
Europe
Average demand from the downstream personal care sector has pressured the market sentiments for Ethoxylated Tridecyl Alcohol in the German market in the first quarter of 2023. The ease in production costs brought on by falling TTF natural gas costs has alleviated the pressure from the Ethoxyated Tridecyl Alcohol costs. Despite easing input cost inflation, the raging inflationary pressures have dampened the purchasing sentiments of the end-use industries. The market transactions were based on rigid demand, and the market has sorted at low levels. Furthermore, the inquiries from the downstream personal care sector improved in late Q1 and led to a positive development in the price realizations of Ethoxyated Tridecyl Alcohol. In addition, the tight labor market has exacerbated the market challenges for Ethoxylated Tridecyl Alcohol toward the end of the first quarter.
For the Quarter Ending December 2022
North America
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.
APAC
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.
Europe
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.
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.
