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Updated to Q1 2018
Asia was in oversupply for butyl glycol in Q1 2018, largely due to a slowdown in demand from key importing market China. Meanwhile, supply from Middle East stabilised and became more regular in Asia. In China, due to the uncertainties of the outcome of the anti-dumping investigation for deep-sea cargoes from the US and Europe, buyers refrained from deep-sea cargoes discussion and imports from deep-sea origins saw a dip. Meanwhile, Taiwan's new 30,000-40,000 tonnes/year BG/butyl di-glycol (BDG) plant Oriental Union Chemical Corp started commercial operation in mid-February.
In the importing Asian market China, demand was due to the winter season lull and Lunar New Year holiday, that was traditionally celebrated for 15 days. End-users largely shut their plants and refrained from keeping too much inventory. After market players returned in early March, demand improved slowly but was still weak. In southeast Asia, where the Lunar New Year holidays were also widely celebrated, some markets also experience slowness, although in other markets, demand was stable.
ICIS provides pricing information, news and analysis for all major petrochemical and chemical markets, including Glycol ethers.
We offer unbiased and independent price reporting, with our price assessments being widely quoted as benchmarks in contracts.
Our information is collected from market participants by our global network of reporters, delivering unrivalled coverage of established and emerging markets, including China and Asia.
ICIS price assessments are based on information gathered from a wide cross section of the market, comprising consumers, producers, traders and distributors. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments, giving you a robust reference for your negotiations.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Glycol ethers. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
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.