Glycol ethers Prices, markets & analysis
With a network of price reporters across Asia, Europe and the US, ICIS is fully equipped to keep you updated on everything that happens in the global Glycol ethers market, whether you buy or sell Glycol ethers or related products.
From daily and weekly reports containing price assessments obtained by our network of local reporters, to the news and analysis that put the market into focus, we provide the tools you need to make confident business decisions.
Glycol ethers Overview Transcript
Glycol ethers are made up of several types of chemicals, and due to them being characteristically soluble in water they are used primarily for solvents like paints and coatings.
They can also be used to make inks, cleaning products and pharmaceuticals among others.
Butyl glycol, PM solvent and PM acetate are some of the key chemicals found in the glycol ethers chain.
The glycol ethers market is a developing market in Asia, with growth being driven by the rapid economic expansion in countries like China which is the region’s largest solvent market.
Glycol ethers is a derivative from ethylene and propylene. It is found E series and P series, for their link with ethylene and propylene respectively. Butyl glycol, known and BG, is produced directly from normal butanol, while PM acetate and PM solvent come from propylene oxide.
With regard to BG, China and Southeast Asia are the two main importing markets. There are few plants in China, Malaysia and Japan but this is not enough to meet the demand. Hence BG is imported by global producers from their US and European plants, the market trends in the US and Europe impact market sentiment and prices in Asia.
Asia’s BG market is also influenced by the trends in upstream markets like normal butanol.
PM solvent and PM acetate is a fairly self-sufficient market within Asia. Both are produced in China, Taiwan, Japan, and Malaysia. PM solvent and PM acetate are usually traded jointly and the main buyers are found in southeast Asia. China has some local production, which is sold in parts to the local domestic market as well as into the region. PM solvent and PM acetate markets are also influenced by upstream markets like propylene and propylene oxide.
How we can help
Glycol ethers news and market information products from ICIS
We offer the following regional Glycol ethers analysis and news coverage to keep you informed of factors and developments affecting prices in the Glycol ethers marketplace.
Price Reporting – More information about the price reports we publish on Glycol ethers
Independent price assessments and market coverage by region
Price History – More information about the historical price data we publish on Glycol ethers
Track historical price data
News & analysis
News & Analysis - News & market analysis specifically relating to Glycol ethers
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Glycol ethers: Market overview
In the US, the glycol ethers market is largely driven by downstream paint and solvents industry demand, which is slowly recovering from the recession and the downturn in demand from construction and automobile manufacturing. Construction, and demand for paint, has been slower to rebound than was expected. But the auto industry has reported strong sales, creating unexpectedly healthy demand for coatings in recent months. Market participants are expecting downward pressure on prices in the fourth quarter, along with the end of the construction season.
Import tariff changes began to alter the trade flow of ethylene glycol monobutyl ether (butyl glycol) in Asia in 2013. In January 2013, Chinese regulators began collecting anti-dumping duties of between 9.3% and 18.8% on all European and US butyl glycol (BG) imports, prompting some producers to seek sales outlets in southeast Asia. In the first half of 2013, BG prices in Asia slumped as part of a broad-based petrochemical market downturn. In the third quarter of 2013, Asian BG prices are expected to rebound from an 18-month low following improved buying sentiment, rising feedstock costs, and the unexpected shutdown of Malaysian producer PETRONAS Chemicals Group’s 60,000 tonne/year BG plant between late June and late July.
European demand has seen some improvement in the third quarter in the paints and coatings industry because of improving weather conditions. Prolonged bad weather, together with the generally weak economic environment, dampened demand for most of the first half of 2013. Prices have been mainly influenced by feedstock movements rather than by demand, and are expected to rise in quarter three because of higher ethylene and propylene prices, and increasing demand in September once market participants return from August summer holidays.
Updated to mid-August 2013
News & analysis
Glycol ethers news & analysis
Regional price assessments, published daily or weekly, enabling you to keep track of trading prices, understand price drivers/fluctuations and set a benchmark for contract price settlements. ICIS offers reports on over 180 commodities across the global petrochemical, energy and fertilizer markets. Information covered in our price reports includes:
- Spot and contract price assessments
- Market commentary on trends and developments
- Transactions reported and confirmed
- Plant and production news
Information is accessed online, via the ICIS dashboard service and is configurable to suit your preferences.
Price forecast services
Produced by the ICIS Consulting team, these reports give a robust rolling 12-month price forecast, trade balances and in-depth analysis into where markets are heading – providing a valuable tool to support your short- to medium-term plans.
Dashboard – Easy access to ICIS pricing data
ICIS pricing intelligence is delivered to you online via the ICIS dashboard. Here you can view your reports and also access other useful services including related news, analysis, historical data and market alerts.
ICIS dashboard also makes it easy for you to create pricing charts, download price history and export data to create tailored analytical models.
ICIS weekly margin reports deliver the detail you need to understand how production costs and prices are affecting margins, enabling you to judge the likely impact on your business and optimise your upstream and downstream business decisions.
24-hour global coverage of breaking news in the petrochemical industry, including updates on production, shutdowns and key transacted deals, keeping you informed of market developments as they happen. The ICIS news service allows you to customise the market alerts delivered to your email inbox, providing the business-critical information you need straightaway.
ICIS Chemical Business magazine
If you want to keep updated on the factors driving price movements in the global chemical markets, ICIS Chemical Business provides a summary of the information you need to support your business decisions. Every week, our global team of experts digests and summarises the key issues and their potential impact on the market – all in one magazine.
Market Studies & Analysis
ICIS publishes global annual studies, as well as dedicated reports on domestic China markets, which will help you navigate the complex petrochemical, oil and gas industries in the medium-to-long term. Our studies and reports provide expert analysis and forecast data on supply, demand, production and capacity for specific markets.
Supply & Demand Data
An expert view of supply and demand comprising four fully-reconciled databases, giving you access to extensive data for more than 100 markets. Information is included on global and regional trade flows, production, capacity and sources of demand in the short-, medium- and long-term. Data can be downloaded, customised and queried to support your planning requirements and your strategic decisions.
Training & Conferences
ICIS provides specialist training courses across the global petrochemicals, base oils and fertilizers industries. Our training team of industry experts can help you increase your knowledge of the industry and gain the insight and know-how needed to operate and trade effectively.
Find out more about ICIS training courses >>
ICIS produces a series of highly informative and timely conferences. Extensive research is carried out to ensure that each programme delivers the information you need and addresses current industry issues. We source speakers who have the appropriate expertise and experience to deliver excellent quality papers.
Find out more about ICIS conferences >>
Working closely with you to understand your strategies, challenges and ambitions, the ICIS consulting team deliver tailored advice and solutions to suit your unique requirements. With many years’ experience of guiding business leadership teams, we show you how market conditions can make a positive or negative impact on your long-term plans.
ICIS expert consultants can provide your organisation with the insight, intelligence and data needed to build and grow your business in China. We can help you to gain a clear view on the short and long-term supply and demand picture in the chemicals, energy, iron and steel, non-ferrous metals and paper and pulp markets in China.
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Glycol ethers, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.
Glycol Ethers Methodology
About Glycol ethers
There are two groups of glycol ethers: E-series and P-series depending on whether they are made from ethylene oxide (EO) or propylene oxide (PO). They are used mainly as a solvent in a variety of domestic and industrial applications such as paints and coatings.
E-series glycol ethers are used as solvents and coalescing aids in paint formulations while higher molecular weight glycol ethers are used in hydraulic brake fluids. They are used as intermediates to make esters.
Propylene glycol ethers (PGE) are high performance industrial solvents used in paints and coatings, cleaners, inks and other applications.
In the electronics industry, PGEs are used with other solvents in the manufacture of laminates and semiconductor processes for making circuit boards.
Other applications include agricultural, cosmetic, ink, textile and adhesive products.