Amidst Escalating Raw Materials Prices and Improved Demand, Ethoxylated Tridecyl Alcohol prices Inch Higher

Texas, USA: In recent weeks, Ethoxylated Tridecyl Alcohol prices have been steadily rising across regional markets. This increase is primarily due to higher Palm Oil prices, which impact the manufacturing costs of Ethoxylated Tridecyl Alcohol. Lower operating rates of manufacturing firms in previous quarters have also contributed to the upward price trend. Additionally, the higher prices of Crude Oil futures have encouraged manufacturers to focus on Palm Oil for biofuel production, increasing demand for Palm Oil. On the demand side, inquiries from the Personal Care industries have been increasing, supporting the price increase for Ethoxylated Tridecyl Alcohol.

According to the ChemAnalyst database, Ethoxylated Tridecyl Alcohol prices demonstrated an increment of USD 25 per ton in the domestic market of the USA in February. Market sources indicate that reduced market operations during the winter season have started to create supply-side pressure for Ethoxylated Tridecyl Alcohol, leading to relatively limited availability of finished goods. Furthermore, inquiries from downstream industries, particularly Personal Care, have shown improvement, boosting market sentiments. Manufacturers are anticipating a rise in procurement levels along with low supplies, prompting them to maintain higher prices. The increase in upstream Ethylene Oxide prices has further supported the upward shift in price realizations of Ethoxylated Tridecyl Alcohol.

Additionally, the decline in U.S. crude oil inventories and fuel inventories, as reported by the American Petroleum Institute, indicates healthy demand. U.S. crude stocks fell by 5.521 million barrels in the week ended March 8, supporting oil prices and subsequently, the prices of Ethoxylated Tridecyl Alcohol. The return of downstream manufacturing firms from winter holidays and their focus on replenishing raw materials to supplement production has also contributed to the positive market fundamentals for Ethoxylated Tridecyl Alcohol. However, amidst challenging demand conditions in the last months, the profits of one of the leading manufacturers of Ethoxylated Tridecyl Alcohol, Stepan Company, have declined. According to its financial results for the full year ending December 31, 2023, sales totaled $2,325.77 million, down from $2,773.27 million the previous year. Net income for the year was $40.2 million, a decrease from $147.15 million in the prior year.

According to ChemAnalyst's pricing intelligence, Ethoxylated Tridecyl Alcohol prices are expected to remain strong in the Asian market, supported by improving demand from downstream Personal Care industries. This demand is anticipated to enhance the market fundamentals of Ethoxylated Tridecyl Alcohol, providing a positive outlook for manufacturers. Additionally, restocking operations in March are likely to contribute to sustained demand as industries replenish their inventories after the holiday season, potentially further bolstering Ethoxylated Tridecyl Alcohol prices.