Butyl Glycol Price in Malaysia
- Malaysia: 1055 USD/Ton
In Q4 2023, the Asia Pacific region saw a positive shift in the price of butyl glycol, thanks to increased demand downstream. In Malaysia, the price trend for butyl alcohol peaked at 1055 USD/Ton.
The latest report by IMARC Group, titled "Butyl Glycol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of Butyl Glycol Prices. This report delves into the price of globally, presenting a detailed analysis, along with an informative Butyl Glycol Price Chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders
Butyl Glycol Price Analysis:
- Germany: 1245 USD/Ton
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The study delves into the factors affecting butyl glycol price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Butyl Glycol Price - Last Quarter
The butyl glycol market is largely influenced by regional demand and supply dynamics, upstream raw material costs, and specific industry requirements. The driving force behind the butyl glycol market varies significantly across different regions due to diverse industrial applications and market conditions. In the Asia-Pacific (APAC) region, the market has seen an uptick primarily due to robust demand from the paint and coating industry, which, in turn, has been a consequence of the firm product offers and increased buying activity. This demand surge is further bolstered by the strategic stance of producers who have adjusted their supply to meet the end-user demand, thus pushing the prices upward. Additionally, the upstream market dynamics, particularly the cost support from ethylene oxide and n-butanol markets, have remained brisk, contributing to the progressive growth in butyl glycol prices. For instance, in Malaysia, the price escalation to USD 1060/ton FOB Klang in December 2023 underscores the tight supply situation coupled with strong cost support from downstream industries.
Butyl Glycol Market Analysis
In North America, a significant decline in butyl glycol prices was observed, primarily due to decreased demand from the transportation and industrial heating sectors. This decline in demand led to an accumulation of inventories, making the market bearish and reducing the urgency for new stock. Suppliers, facing reduced demand, were forced to negotiate prices and offer discounts for bulk purchases, while the upstream sector also saw a downward price trend. This situation was compounded by the cautious approach of producers who, responding to subdued market demand, curtailed production rates. The sluggish trading activities, stemming from surplus stock, further contributed to the subdued market environment, highlighting the critical influence of demand-supply mismatches and upstream cost pressures on butyl glycol prices.
Conversely, in the APAC region, the scenario was markedly different with an increase in butyl glycol prices driven by improved market trading fundamentals and a surge in downstream demand, especially from the paint and coating industry. This demand uptick prompted producers to firm up their stance, thereby pushing the prices upward. The cost structure in this region was notably impacted by firmer product offers and increased buying activity, alongside strong cost support from the upstream markets of ethylene oxide and n-butanol. The tight supply situation, coupled with strong demand from downstream industries, led to heightened trading activities, exemplified by the surge in butyl glycol prices in Malaysia.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco.
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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