Hamburg, Germany: In the European market, the ongoing challenging macroeconomic conditions have continued to impact key chemicals, including Ethoxylated Tridecyl Alcohol. Throughout the past two quarters, persistent inflation has diminished the purchasing power of end-use sectors, weakening the market fundamentals for Ethoxylated Tridecyl Alcohol. Additionally, the reduced operating rates of manufacturing facilities have further strained supply, affecting market dynamics for Ethoxylated Tridecyl Alcohol in Europe. Compounding these issues, disruptions in the Red Sea have caused a significant rise in freight costs between Asia and Europe, which has in turn increased shipping expenses for upstream Palm Oil, a vital ingredient in the production of Ethoxylated Tridecyl Alcohol.

The ChemAnalyst database indicates that this month, Ethoxylated Tridecyl Alcohol prices in the USA have shown a steady upward trend. This stability is attributed to the adequate availability of finished stocks and moderate demand from downstream industries such as detergents and surfactants. Despite the increase in upstream Ethylene Oxide prices this month, the Ethoxylated Tridecyl Alcohol market in the USA has faced subdued demand conditions. There has been sufficient product availability to meet the requirements of importing nations. Consequently, market participants are cautious in procurement due to uncertain final demand, contributing to the stable prices of Ethoxylated Tridecyl Alcohol. Moreover, Natural gas prices remain under pressure due to abundant supplies, with US natural gas inventories as of June 28 being 18.8% above their 5-year seasonal average.

Furthermore, the slowdown in inquiries from the downstream Personal Care industries, along with sufficient availability of finished goods, has led to increased market challenges in Europe. Tight monetary policies have also played a role by curbing spending and borrowing, resulting in a more cautious procurement approach and contributing to price reductions. Additionally, the adequate supply of upstream Palm Oil has ensured a steady production of Ethoxylated Tridecyl Alcohol. The market's need-on-demand transaction pattern, where buyers purchase only essential quantities, has minimized speculative buying and avoided sharp price increases. As manufacturing firms are expected to reduce their operating rates with the approaching holiday season, procurement levels for Ethoxylated Tridecyl Alcohol are anticipated to decrease further.

According to the pricing intelligence of ChemAnalyst, the prices of Ethoxylated Tridecyl Alcohol might remain on the higher end in the regional markets. The reduced manufacturing due to the upcoming holiday season in the European market might raise supply-side concerns, implementing price shifts. However, in the Asian market, the upward price movement is likely to be driven by an increase in the demand from the downstream Personal Care segment.