DPGME Prices, Pricing, Demand & Supply
North America Prices of DPGME observed mixed sentiment in Q4FY23 in the North American region. In October, Dipropylene Glycol Monomethyl Ether (DPGME) prices in the USA saw a significant decline, driven by prices stable feedstock propylene prices. The construction industry faced reduced demand due to higher mortgage rates. Huntsman's reported attributed revenue decline to lower sales volumes and prices, especially in construction-related sectors. Oversupply and low demand led to ample inventories, pressuring dimethyl sulphate prices, while stable feedstock propylene costs mitigated production expenses. November witnessed a notable increase in DPGME prices in the USA, attributed to high demand from the automobile and paint industries, creating a supply-demand imbalance. Freight charges rose due to Panama Canal disruptions, impacting Asian imports. The surge in DPGME prices was linked to increased spending on home renovations, festive season preparations, and robust demand fro...