North America
The prices of Ethoxylated Tridecyl Alcohol in the North American region during the fourth quarter of 2023 have experienced upward momentum, driven by increased inquiries from the downstream Personal Care industries. The market fundamentals of Ethoxylated Tridecyl Alcohol have strengthened, supported by the recovery in demand from these industries.
The availability of finished goods has been sufficient to meet the demand, although manufacturing firms have not operated at full capacity amid the inflationary pressure On the upstream front, limited cost support has been observed from Ethylene Oxide, while the prices of palm oil, an upstream raw material, have risen, potentially impacting the production costs of Ethoxylated Tridecyl Alcohol.
energy prices, particularly natural gas, have decreased, easing the manufacturing costs. In terms of market sentiment, the US Federal Reserve's decision to maintain stable interest rates for the third consecutive time has contributed to the recovery in the US markets. The US economy has shown resilience, with improved economic conditions supporting the market fundamentals of key raw materials. Overall, the Ethoxylated Tridecyl Alcohol Prices have remained on the higher end, with manufacturers making slight price adjustments to safeguard their profit margins. The latest price of Ethoxylated Tridecyl Alcohol in the USA for the current quarter is USD 2710/MT FOB Illinois.
APAC
The fourth quarter of 2023 for Ethoxylated Tridecyl Alcohol in the APAC region was characterized by several key factors that influenced the market and prices. Firstly, strong demand from the downstream Surfactant and Detergent industries bolstered market sentiment and led to an increase in prices. Additionally, the availability of Ethoxylated Tridecyl Alcohol remained high due to regular production and sufficient stocks. However, the prices of upstream raw materials, particularly Palm Oil, increased, leading to a rise in the manufacturing costs of Ethoxylated Tridecyl Alcohol. Furthermore, the slowdown in global trade volumes and excess container supply resulted in stable freight rates, facilitating the movement of finished goods. In terms of India, which experienced significant changes in prices, the demand from the downstream Personal Care industries remained high, contributing to the positive market sentiments for Ethoxylated Tridecyl Alcohol. The country also saw an increase in palm oil imports, leading to a surge in upstream Palm Oil prices. This, in turn, influenced the price realizations of Ethoxylated Tridecyl Alcohol. Additionally, the production of coal in India increased, ensuring a steady supply of energy for downstream manufacturing firms. The price of Ethoxylated Tridecyl Alcohol in India at the end of the quarter was USD 2102/MT, Ex-Bharuch.
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Europe
Throughout the fourth quarter of the year, the prices of Ethoxylated Tridecyl Alcohol in Germany have experienced a fluctuating trend, characterized by an initial increase followed by a subsequent decline. This mixed movement in prices can be attributed to several key factors influencing the market. Persistent inflationary pressures have exerted upward pressure on costs, impacting the pricing dynamics of Ethoxylated Tridecyl Alcohol. Additionally, weak demand from downstream industries has contributed to the challenging market conditions, as these industries have struggled to maintain robust consumption levels. Regarding production, the manufacturing firms have not operated at full capacity in the wake of moderate demand from the downstream end-use industries. The availability of Ethoxylated Tridecyl Alcohol was also sufficient to meet the demand from the Surfactant and detergent industries. In December, The pace of inquiries originating from downstream Surfactant and detergent industries has remained low and hasn’t led to any positive development in the market fundamentals of ethoxylated Tridecyl Alcohol. Most transactions involve smaller orders, prompting Ethoxylated Tridecyl Alcohol manufacturers to explore cost-cutting measures in response to both inflationary pressures and a persistent downturn in demand.
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