In October xxxx, Tri Ethylene Glycol (TEG) prices displayed a negative trend globally, influenced by various market dynamics. While the global supply for TEG remained relatively ample, weak demand, declining feedstock prices, and subdued seasonal factors put downward pressure on prices in several key markets.
In the European market, TEG prices showed a bearish trend throughout October. Prices in Germany saw a significant decline of x.xxx, primarily due to a lack of support from feedstock prices. The cost of Ethylene Oxide (EO), a key feedstock for TEG production, dropped by x.xxx, driven by the weakness in upstream Ethylene prices. Meanwhile, TEG supply remained abundant. However, demand for TEG was muted, especially for applications like antifreeze, due to relatively mild weather conditions. The anticipated seasonal rise in demand for deicing fluids, particularly in colder climates, did not materialize. As a result, prices for TEG in Europe declined and...
