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Monoethylene Glycol Price Trend and Forecast

⟳ Weekly Update
|
Historical Data Since 2015
|
Forecast for 2026

monoethylene glycol Markets Covered:

krKorea
cnChina
nlNetherlands
deGermany
beBelgium
inIndia
usUnited States
idIndonesia
itItaly
frFrance
trTurkey
brBrazil

Global monoethylene glycol Price Trend, Analysis and Forecast​

In Q1 2025, In USA MEG Purity: ≥99% prices further inched up to 498 USD/MT FOB Houston, recording a 0.81% quarter-on-quarter increase. The price gain, while modest, reflected a market in gradual recovery mode. Demand from downstream Polyester and industrial coolant manufacturers remained firm, supported by seasonally influenced restocking activities. However, international trade flows remained moderate, and no significant supply constraints were reported, contributing to a relatively steady pricing environment. 

Monoethylene GlycolTrend Analysis: Q2 2025

In Q1 2025, In USA MEG Purity: ≥99% prices further inched up to 498 USD/MT FOB Houston, recording a 0.81% quarter-on-quarter increase. The price gain, while modest, reflected a market in gradual recovery mode. Demand from downstream Polyester and industrial coolant manufacturers remained firm, supported by seasonally influenced restocking activities. However, international trade flows remained moderate, and no significant supply constraints were reported, contributing to a relatively steady pricing environment. 

In Q1 2025 the price of MEG Purity: ≥99% in India fell to 656 USD/MT Ex-Mumbai, representing a 1.86% reduction compared to the preceding quarter. The market showed signs of stabilization, with demand from key sectors remaining steady but cautious, as buyers awaited fiscal and budgetary clarity before scaling up procurement. Moreover, consistent plant operations and stable raw material sourcing helped keep supply levels healthy, contributing to subdued price movements. 

Monoethylene Glycol Trend Analysis: Q4 2024

In Q4 2024, MEG Purity: ≥99% prices in the U.S. edged slightly higher to 494 USD/MT FOB Houston, reflecting a marginal 0.41% increase from Q3 levels. The market showed signs of price stabilization, supported by a balanced supply-demand equation. Production rates across North American facilities remained consistent, while domestic consumption continued at a steady pace. However, the limited scale of price movement suggested cautious buyer behavior and ample inventory levels in downstream sectors. 

In Q4 2024, MEG Purity: ≥99% Prices slightly corrected to 668 USD/MT Ex-Mumbai, reflecting a 0.86% dip quarter-on-quarter. This mild decline was influenced by softened post-festival demand, increased availability of imported MEG at competitive prices, and overall balanced market conditions. Many end users had already built inventories ahead of the festive season, leading to a temporary pullback in spot market activity. 

In Q3 2024, the Mono Ethylene Glycol (MEG) Purity: ≥99% market in the United States witnessed a notable recovery, with prices rising to 492 USD/MT FOB Houston, marking a 9.33% increase from the previous quarter. This upward momentum was driven by a rebound in PET resin production and rising demand from the antifreeze and polyester fiber segments. Seasonal factors, including preparations for the winter season and stronger offtake from packaging industries, also contributed to firming prices. Additionally, some tightness in feedstock availability supported bullish sentiment in the market. 

In Q3 2024, MEG Purity: ≥99% prices jumped to 674 USD/MT Ex-Mumbai, registering a 7.71% increase from Q2. The uptick was fueled by strong offtake from the polyester value chain, particularly as pre-festive season manufacturing intensified. Additionally, international supply chain constraints and firmer global MEG prices added upward pressure on domestic rates. The rise also reflected in seasonal restocking patterns and firm buying sentiment across industrial hubs. 

In Q2 2024, the global MEG Purity: ≥99% Market experienced a mixed trend. The North American region and Kuwait showed a bearish trend in prices while Saudi and APAC showed a bullish trend. The North American market showed a decline of 0.7%, Kuwait a decline of 0.8%, this bearish trend was due to the downturn turn resulted from lower feedstock cost of Ethylene and weak demand from key sectors such as automotive, textile and packaging. Saudi and APAC region showed a bullish trend as there was a supply demand imbalance, rising global freight and higher feedstock costs. Unplanned plant shutdown exacerbated supply constraints while robust demand from downstream industries particularly the automotive contributed to the bullish trend. 

In Q2 2024, MEG Purity: ≥99% prices in India edged slightly higher to 626 USD/MT Ex-Mumbai, a 1.62% quarter-on-quarter gain. The market continued to be bolstered by a consistent demand forecast from the packaging and textile industries. However, the pace of price growth slowed compared to the previous quarter due to steady inventory levels and improved feedstock availability, which helped ease supply pressures. 

In Q1 2024, the global MEG Purity: ≥99% market experienced a mixed trend, driven by rising feedstock Ethylene prices and robust demand from key sectors such as Textile, automotive and Packaging. The North American region, European region, Kuwait and APAC region showed a bullish trend. This bullish trend was due to the fluctuating raw material cost. Rising feedstock ethylene prices and changes in crude oil prices influenced the price movement.  while Saudi showed a bullish trend due to the reduced demand from downstream industries such as automotive.  

In Q1 2024, the Indian MEG Purity: ≥99% market experienced a significant recovery, with average prices reaching 616 USD/MT Ex-Mumbai, marking a 7.32% increase from the previous quarter. This price rise was driven by improved demand from downstream sectors such as polyester fiber, PET resins, and antifreeze formulations, especially with higher consumption in the textile and packaging industries post-year-end lulls. The upbeat domestic manufacturing activity and restocking ahead of the summer season further contributed to positive market sentiment. 

monoethylene glycol Parameters Covered: 

  • Ethylene
  • Crude Oil or Natural Gas
  • Naphtha / Ethane / Propane
  • USA
  • Saudi
  • Kuwait
  • Germany
  • Belgium
  • Polyester Resin Production 
  • China
  • India

Historically, several events have caused significant fluctuations in Monoethylene Glycol prices

  • Russia-Ukraine Conflict (2022-Present): The conflict disrupted energy supplies, especially natural gas and oil, which are crucial for the petrochemical industry. Europe, a major consumer of Russian energy, faced significant supply issues. The conflict impacted the availability and cost of energy and raw materials like Ethylene which is derived from petrochemical processes. This led to increased production costs and supply disruptions in European MEG markets. 
  • COVID-19 Pandemic (2020-2022): The pandemic led to significant disruptions in global supply chains, causing widespread manufacturing shutdowns and labour shortages. Transportation logistics were severely affected, which resulted in production halts in the MEG industry. This disruption, combined with reduced demand from key sectors like, contributed to fluctuations in MEG prices during this period. 
  • U.S.-China Trade War (2018-2019): Tariffs on chemicals, including MEG disrupted global trade flows, leading to price volatility due to supply chain uncertainties, especially between the U.S. and China. 

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Historically, several events have caused significant fluctuations in Monoethylene Glycol prices

  • Russia-Ukraine Conflict (2022-Present): The conflict disrupted energy supplies, especially natural gas and oil, which are crucial for the petrochemical industry. Europe, a major consumer of Russian energy, faced significant supply issues. The conflict impacted the availability and cost of energy and raw materials like Ethylene which is derived from petrochemical processes. This led to increased production costs and supply disruptions in European MEG markets. 
  • COVID-19 Pandemic (2020-2022): The pandemic led to significant disruptions in global supply chains, causing widespread manufacturing shutdowns and labour shortages. Transportation logistics were severely affected, which resulted in production halts in the MEG industry. This disruption, combined with reduced demand from key sectors like, contributed to fluctuations in MEG prices during this period. 
  • U.S.-China Trade War (2018-2019): Tariffs on chemicals, including MEG disrupted global trade flows, leading to price volatility due to supply chain uncertainties, especially between the U.S. and China. 

Why PriceWatch?

PriceWatch is your trusted resource for tracking global monoethylene glycol price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the monoethylene glycol market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, PriceWatch keeps you fully informed of market dynamics.

In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence monoethylene glycol prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely monoethylene glycol market data.

Track PriceWatch's monoethylene glycol price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Data Collection and Sources​

  • Real-Time Market Data: PriceWatch aggregates real-time pricing data from a diverse range of sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our assessments reflect the most current market conditions. 
  • On-the-Ground Intelligence: Our team gathers insights directly from key market participants, including producers, suppliers, traders, and end-users, across major MEG production hubs. This ground-level intelligence is crucial for understanding localized market dynamics. 
  • Supply Chain Monitoring: We track the entire MEG supply chain, from raw material availability (e.g., Ethylene) to production and distribution channels. This includes monitoring feedstock prices, production capacities, and transportation logistics. 

Event Tracking and Impact Analysis​

  • Geopolitical Tensions: PriceWatch continuously monitors global geopolitical developments, such as conflicts or trade disputes, which can significantly impact MEG   prices. Our analysis includes potential disruptions to supply chains and their immediate and long-term effects on pricing. 
  • Natural Disasters and Climate Events: We assess the impact of natural disasters, such as hurricanes or winter storms, on MEG production facilities, particularly in vulnerable regions like the U.S. Gulf Coast. These events are factored into our price forecasts and supply outlooks. 
  • Economic Shifts: PriceWatch evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand (e.g. Ethylene), to predict shifts in MEG demand and corresponding price movements. 

Production Capacity and Supply Analysis

  • Current Production Monitoring: We maintain a comprehensive database of global MEG   production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to assess current supply availability accurately. 
  • Future Capacity Projections: Our research includes detailed forecasts of upcoming MEG production capacities, factoring in new plant constructions, expansions, and technological advancements. This helps in predicting future supply trends and potential price stabilization.

Demand Forecasting

  • Sectoral Demand Analysis: PriceWatch provides in-depth analysis of demand trends across key sectors, including like Textile, automotive and Packaging. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments. 
  • Global Demand Dynamics: Our methodology considers regional demand variations and how they influence global MEG pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations. 

Pricing Model Development

  • Dynamic Pricing Models: PriceWatch utilizes advanced econometric models to forecast MEG prices, incorporating real-time data, historical trends, and projected market conditions. Our models are continuously refined to enhance accuracy and predictive power.  
  • Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions. This includes best-case, worst-case, and most likely scenarios, helping our clients prepare for a range of market outcomes. 

Reporting and Client Support

  • Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to be actionable, providing clear insights and recommendations.  
  • Ongoing Support: PriceWatch offers continuous updates and personalized support to our clients, ensuring they have the most up-to-date information to make informed decisions. Our experts are available to discuss specific market developments and provide tailored advice. 

This research methodology ensures that PriceWatch delivers the most accurate, timely, and actionable MEG pricing assessments, helping our clients stay ahead of market trends and make informed business decisions. 

Monoethylene Glycol price provided by PriceWatch is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for monoethylene glycol. PriceWatch disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

The pricing of Monoethylene Glycol is primarily influenced by several key factors:

Feedstock Costs: The price of ethylene, the primary feedstock for MEG production, significantly impacts MEG prices. Fluctuations in oil and natural gas prices can lead to variations in production costs.

Supply and Demand Dynamics: An oversupply or shortage of MEG can cause prices to rise or fall. For instance, recent reports indicate a surplus in production capacity relative to demand, leading to a downturn in prices.

Market Conditions: Economic conditions, including global recessions or growth in industries that consume MEG (like PET production), can affect demand and pricing trends.

Regional price variations can significantly impact procurement strategies:

Localized Pricing: Prices for MEG can vary by region due to local production capacities, transportation costs, and regional demand. For example, prices in India have shown significant fluctuations from $490/MT to $837/MT within a year.

Import vs. Domestic Supply: In regions with limited domestic production, like India, procurement heads may need to rely on imports, which can introduce additional costs such as tariffs and shipping fees.

Strategic Sourcing: Understanding regional price trends allows procurement managers to time their purchases effectively, potentially capitalizing on lower prices during periods of oversupply.

Future pricing trends for Monoethylene Glycol are subject to various predictions based on current market analyses:

Expected Price Decline: Analysts forecast a potential decline in MEG prices due to cautious buying behaviors amid global economic uncertainties. This trend is expected as suppliers adjust to changing market demands.

Demand Growth: Despite potential price declines, demand from sectors such as textiles and packaging is projected to grow, which could stabilize or increase prices in the long term.

Market Volatility: The MEG market has been characterized by volatility; thus, procurement heads should remain vigilant about market signals that could indicate sudden price changes.

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