Average End-Use Inquiries Exacerbate the US Ethoxylated Tridecyl Alcohol Market Concern

Texas, USA: In the US market, the prices of Ethoxylated Tridecyl Alcohol employed in the Personal Care Industries have demonstrated a volatile trend in the past quarters. The demand from the downstream Personal Care industries has been observed to be tepid, refraining the manufacturers from any significant development in the price realizations of Ethoxylated Tridecyl Alcohol. The challenging economic condition brought on by burgeoning inflationary pressures after the pandemic and concerns raised by the fallout between Russia and Ukraine have disturbed the manufacturing sector on a broader level. The Federal Reserve's decision to raise interest rates and the emergence of inflation led to a substantial increase in long-term interest rates, causing a notable shift in consumer spending patterns.

The ChemAnalyst database has shown that the prices of Ethoxylated Tridecyl Alcohol have witnessed a downtrend, depicting a drop of USD 60 per ton in August on a m-o-m basis. The Ethoxylated Tridecyl Alcohol market players have reported that the market transactions from the downstream Personal Care industries were relatively subdued, prompting the Ethoxylated Tridecyl Alcohol manufacturers to price adjustments for the maintenance of market balance. In addition, the availability of upstream Palm Oil was also on the higher end, leading to price cuts for the downstream derivatives, including Ethoxylated Tridecyl Alcohol. Furthermore, one of the major Personal Care products manufacturers, Clariant, anticipates that achieving a significant economic recovery in the second half of 2023 may not be feasible, as the uncertainties and risks tied to the economic environment are expected to endure.

On the other hand, The Panama Canal, a crucial contributor to worldwide shipping, is confronting a severe emergency caused by an unparalleled drought, raising concerns about its impact on global trade patterns and logistics of various chemicals, including Ethoxylated Tridecyl Alcohol. The Panama Canal handles around 40% of global cargo, with the United States contributing significantly. In 2022, 83.9% of US seaborne refined products like Fuel and naphtha exports were destined for Latin America, and 29.3% of these were bound for the Pacific Coast of Latin America via the Panama Canal. However, to combat the shipping challenge, an alternative option could be explored via different routes, like the Suez Canal and the Cape of Good Hope, but this would also extend transit times and negatively impact fleet efficiency.

According to the pricing intelligence of ChemAnalyst, the prices of Ethoxylated Tridecyl Alcohol might sustain an upward trajectory in the US market. The expected improvement in inquiries from the downstream personal care sector is likely to strengthen the market fundamentals of Ethoxylated Tridecyl Alcohol.  The Fed's focus on inflation with tight monetary policies will also minimize market volatility and strengthen the Ethoxylated Tridecyl Alcohol market sentiments in the coming fourth quarter of 2023.