2-Ethylhexanol Prices: Market Analysis, Trend, News, Graph and Demand

 

 

North America

The U.S. 2-Ethylhexanol market exhibited mixed trends in Q4 2024. Prices rose by roughly 2% in October, driven by hurricane-related disruptions and force majeure declarations at several Propylene production sites, which curtailed 2-EH output. However, as operations normalized later in the quarter, prices declined by approximately 6%.

Export dynamics remained largely unfavorable due to vessel backlogs stemming from the ILA-USMX labor dispute, leading to port inventory build-ups. Demand was uneven—while the automotive sector showed resilience, the construction sector’s downturn weighed on overall consumption.

Toward year-end, suppliers began destocking to mitigate inventory devaluation and tax burdens, improving supply availability. Though export conditions slightly improved, the market stayed oversupplied, limiting any price rebound. Further downward pressure came from increased competition, as 1.3 million tons of new oxo-alcohol capacity in Asia came online in December, prompting U.S. buyers to turn to attractively priced imports from the region.

Get Real time Prices for 2-Ethylhexanol: https://www.chemanalyst.com/Pricing-data/2-ethyl-hexanol-2-eh-8

Europe

Germany’s 2-Ethylhexanol prices dropped around 15% amid abundant supply and subdued demand. Following OQ Chemicals’ production restart in May, the market struggled to recover, weighed down by persistent weakness in the paints and coatings sector. Destocking intensified from mid-November as producers sought to clear inventories before year-end.

Efforts to pass on higher Propylene feedstock costs largely failed. Arbitrage remained closed, and inland logistics faced disruption due to maintenance at key Northwestern European ports, causing further inventory accumulation. Attempts to stabilize the market through production cuts proved ineffective. Limited outages and abundant supply, combined with end-of-year tax-related stock clearances, drove continued market weakness.

Asia-Pacific

The Asian 2-Ethylhexanol market, with prices up 1.2% early in the quarter but falling 2.8% by the end. In Japan, Propylene feedstock costs rose 1.1% in November, spurred by regional maintenance turnarounds and lower PDH rates in South Korea. Supply tightened as Formosa Plastics (Taiwan) and Hanwha Solutions (South Korea) cut output, while soaring freight costs inflated import prices. The Intra-Asia Container Index jumped 45% in November amid pre-holiday demand.

In response to rising logistics and storage costs, JNC Corporation hiked October delivery prices by ¥10,000/MT. However, this bullish sentiment was short-lived as weak demand from the paints and coatings sector—linked to sluggish construction in Japan—tempered the market. Additionally, the startup of over 1 million tonnes of new oxo-alcohol capacity in China late in the quarter drove prices downward. By year-end, the Japanese market weakened further under the weight of high input costs and muted downstream demand.

Get Real time Prices for 2-Ethylhexanol: https://www.chemanalyst.com/Pricing-data/2-ethyl-hexanol-2-eh-8

 

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