Key Highlights of Ethylene Carbonate (EC) Prices – Q2 2024
The increasing application of ethylene carbonate (EC) in lithium-ion batteries for electric vehicles (EVs) is one of the major factors boosting the Ethylene Carbonate (EC) Price Chart. Moreover, the ongoing shift towards cleaner energy, enhancing the demand for EVs and their components, is creating a positive outlook for the market. Besides this, the growing popularity of hybrid and fully electric vehicles, propelling the role of EC as a crucial electrolyte in battery manufacturing, is favoring the market growth. Additionally, the rise of renewable energy storage systems that boost the application of EC is fueling the market growth. Furthermore, the recent shift toward greener technologies and energy solutions, leading to a notable increase in demand for EC from downstream industries like automotive and electronics manufacturing, is fostering market growth.
Ethylene Carbonate (EC) Prices Second Quarter 2024:
- China: 878 USD/MT
Key Factors Impacting Ethylene Carbonate (EC) Prices Across Various Regions
United States: During the second quarter of 2024, the U.S. market for ethylene carbonate experienced fluctuating trends. Prices initially fell due to an oversupply and hesitant consumer procurement, while the demand remained moderate across most industries. Moreover, electric vehicle sales saw minimal growth, although hybrid vehicles retained steady interest due to their minimal impact on consumer habits. A notable development was the rise in freight charges for shipments, driven by increased demand on major sea routes. This rise, spurred by restocking efforts from European and North American importers, raised the cost of shipments to the U.S. market, although reduced geopolitical tensions eased supply concerns.
China In the second quarter of 2024, the Chinese market for ethylene carbonate saw a notable price rise, driven by the demand from the lithium-ion battery sector. Additionally, supply disruptions caused by maintenance shutdowns added to the pressure, while elevated crude oil prices pushed production costs higher. The seasonality factor, combined with steady growth in the electric vehicle and electronics industries, also resulted in a bullish pricing environment. Furthermore, the increase in raw material costs was passed on to consumers, reinforcing the upward pricing trend throughout the quarter.
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Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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