Diethylene Glycol Price Trend: Insights into the Market Fluctuations

Diethylene Glycol (C4H10O3) is an inorganic chemical that exhibits characteristic properties of both alcohol and ether groups. It is a stable oily liquid with no color or odor. The compound is slightly viscous and non-corrosive in nature. Diethylene Glycol is a non-volatile, hygroscopic liquid that is soluble in both organic compounds and water.

The boiling point for the chemical measures around 245° C. Hydrolysis of ethylene oxide produces Diethylene Glycol (DEG), the compound comprised of two ethylene glycol molecules linked by the ether bond in between them.

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Vietnam, South Korea, and China are the primary exporting countries that export DEG. On the other hand, the key importing countries for the same are Vietnam, India, and the Philippines.

Key Details About the Diethylene Glycol Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Diethylene Glycol price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The diethylene glycol price index, including India Diethylene Glycol price, USA Diethylene Glycol price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Diethylene Glycol Price Trend:

Industrial uses play a significant role in shaping the diethylene glycol price trend. Diethylene glycol, a versatile chemical compound, finds extensive applications in various industries, including the production of resins, plastics, and textiles. As the demand for these products fluctuates due to market conditions and consumer preferences, the price of diethylene glycol can experience notable shifts. For instance, when there is a surge in demand for polyester fibers in the textile industry, the price of diethylene glycol may increase due to increased production needs. Conversely, during economic downturns or shifts towards alternative materials, the price may decline. These fluctuations in industrial demand can be visually represented on a diethylene glycol price trend graph, offering valuable insights for businesses and investors in the chemical industry.

Key Players:

  • CNPC
  • Reliance Group
  • SABIC
  • BASF
  • Royal Dutch Shell PLC

News & Recent Development

  • Date: March 10, 2023– India’s drug manufacturers banned the supply of propylene glycol sourced from a firm in Delhi that supplied the chemical to Marion Biotech, which produced cough syrup that contained an unacceptable amount of Diethylene Glycol and ethylene glycol, which turned out to be the cause for the death of 18 children at Uzbekistan.

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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

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