During July, the Di propylene Glycol Monomethyl Ether (DPM) market experienced noticeably weak buying interest across the US and Asian markets. Most buyers have secured only their limited DPM needs and then retreated to the sidelines. The primary reason for this reduced demand, compared to July, was a lack of vivid downstream orders. Furthermore, the availability of DPM has been sufficient to meet the existing downstream demand which further weighed down the prices of DPM across the regional market. Looking ahead, prices of DPM are likely to remain soft across the regional market as manufacturers are not optimistic about the demand outlook for August.
DPM prices have been stable or hovering at a slightly lower end in the Chinese market on account of muted demand dynamics. The feedstock prices have showcased a mixed signal, Methanol prices have decreased which resulted...
