INEOS Oxide Price Increase on Tri-Ethylene Glycol, Effective February 1, 2025
Effective February 1, 2025, or as contracts allow, INEOS Oxide, a division of INEOS Americas LLC, will implement a price increase on Tri-Ethylene Glycol (TEG). This adjustment reflects ongoing shifts in raw material costs and supply chain dynamics within the chemical industry.Price Adjustment Details:Tri-Ethylene Glycol (TEG): Increase of $0.05 per poundImpact on IndustriesTri-Ethylene Glycol (TEG) is widely used in multiple industries, including:Natural Gas Dehydration: Essential for removing water vapor from natural gas.Polyester Resins and Plastics: Key component in polyester manufacturing.Solvents and Humectants: Commonly used in coatings, adhesives, and personal care products.This price adjustment may lead to increased costs for manufacturers and distributors relying on TEG in their production processes. Companies should evaluate their procurement strategies and budget allocations accordingly.Staying Ahead of Market ChangesAt GreenChem, we continuously monitor market trends and price fluctuations to keep our customers informed. If your business relies on Tri-Ethylene Glycol, it’s essential to assess how this price increase may affect your operations.Stay Informed with GreenChemFor more detailed information on price increase and to read the official announcement, click here. Additionally, join our WhatsApp Channel, Chemical Distribution Hub, to receive timely updates directly on your phone. Follow this link to join now and stay ahead of crucial industry news. Also, make sure to consistently visit our Industry News Section on our website to keep up with the latest trends and developments within the chemical industry.