In May xxxx, Triethylene Glycol (TEG) prices experienced a diverse trend in the key global market. Prices were driven by the supply and demand conditions mainly while the regional market situation also drove the prices notably.
In the United States, TEG prices exhibited a bullish price trend during the month. TEG prices were mainly driven by the rising demand and due to the improvement in the market situation. However, the market also witnessed significant supply restricted which supported the TEG prices to rise. TEG prices rose by x.xxx in May xxxx and reached USD xxxx/MT FOB Houston.
Demand for the TEG improved during the month from the downstream paints and coating sector as a solvent, coupled with the positive performance of the end-use automotive industries. Procurement from the domestic as well as overseas market also rose coupled with...
