2-Ethylhexanol Price Trends in UAE in the 2024
- 04 August 2024
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Price Trends Overview
The year 2024 started with the price of 2-Ethylhexanol at $1200 per ton in January. Throughout the first quarter, prices showed a steady increase, reaching $1250 per ton by March. This upward trend continued into the second quarter, with prices peaking at $1300 per ton in May.
Mid-Year Fluctuations
The mid-year period saw some fluctuations, with prices slightly dropping to $1280 per ton in June. However, the market quickly rebounded, and by September, the price of 2-Ethylhexanol had climbed to its highest point of $1350 per ton. This peak was driven by increased demand and limited supply due to global market conditions.
Stabilization Towards Year-End
After reaching the peak, prices began to stabilize. In the last quarter of the year, there was a gradual decline, with prices settling at $1300 per ton in December. This stabilization can be attributed to improved supply chains and a balance in market demand.
Factors Influencing Price Trends
Several factors have influenced the price trends of 2-Ethylhexanol in the UAE for 2024:
- Global Market Conditions: Changes in global supply and demand have had a direct impact on local prices.
- Industrial Demand: The growing demand from various industries, including plasticizers, coatings, and adhesives, has driven price increases.
- Supply Chain Dynamics: Disruptions and improvements in supply chains have caused fluctuations in availability and pricing.