September 2024: Ethoxylated Tridecyl Alcohol Prices Sustains an Uptrend in India and USA
- 03-Oct-2024 4:22 PM
- Journalist: Sasha Fernandes
The prices of Ethoxylated Tridecyl Alcohol, a crucial raw material for the Personal Care industry, have continued their upward trajectory in both the US and Indian markets during the month of September 2024.
The Personal Care industry's robust post-Labor Day demand has driven up ethylene oxide prices in the US market. This, in turn, has increased production costs for Ethoxylated Tridecyl Alcohol, a crucial raw material for the industry. Despite sufficient Ethoxylated Tridecyl Alcohol supply to meet current demand, US manufacturing enterprises have been struggling with lower procurement volumes. This has put pressure on their operating rates.
However, there are signs of a potential rebound in manufacturing activity. The US manufacturing sector showed signs of stabilization in September, with increased new orders and a decline in input prices. Coupled with falling interest rates, these factors suggest that manufacturing activity may improve in the coming months.
The Personal Care sector's sustained demand for Ethoxylated Tridecyl Alcohol has kept the market active, although the pace of transactions has slowed. As ethylene oxide prices continue to fluctuate, it remains to be seen how this will impact the production and pricing of Ethoxylated Tridecyl Alcohol in the US market.
In the Indian domestic market too, the prices of Ethoxylated Tridecyl Alcohol have been on the rise. The market has continued to exhibit stability and growth, driven by strong demand from the Personal Care industry. Despite a shortage of finished goods, suppliers have been able to capitalize on rising demand due to the ample availability of palm oil upstream.
The consistent supply of raw materials has enabled manufacturers to maintain steady production levels, ensuring sufficient stockpiles to meet downstream demand. While the price of crude palm oil (CPO) has increased, the market for Ethoxylated Tridecyl Alcohol remains well-supplied, satisfying the needs of the Personal Care sector.
Domestic ethylene oxide prices have remained stable, contributing to the overall market stability. Transaction volume has remained consistent, indicating a healthy and active market environment. The continued interest of the Personal Care sector in Ethoxylated Tridecyl Alcohol has created a favorable market for suppliers and manufacturers. Overall, the market for Ethoxylated Tridecyl Alcohol is characterized by steady demand, ample supply, and a stable pricing environment.
According to ChemAnalyst pricing intelligence, the prices of Ethoxylated Tridecyl Alcohol are anticipated to remain elevated in both the US and Indian markets. In India, the upcoming peak festive season is expected to continue influencing domestic prices. Additionally, the approaching winter season may lead to increased procurements, further impacting prices. Meanwhile, the hurricane season in the US poses a threat of supply disruptions, which could result in a price increase for Ethoxylated Tridecyl Alcohol in the domestic market.
