monoethylene glycol Pricing Assessment

Markets Covered:

Korea

China

Netherlands

Germany

Belgium

India

United States

Indonesia

Italy

France

Turkey

Brazil

Monoethylene Glycol Price Trend, Analysis and Forecast

In Q1 2024, the global MEG 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 Q2 2024, the global MEG 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.

By Q3 2024, the global MEG market experienced a mixed trend, the North American market experienced a bullish trend, while the MEA, APAC and European region experienced a stable trend and with prices around 482 USD/MT FOB Houston. The North American market experienced a bullish trend due to higher feedstock Ethylene costs and regional plant shutdowns which caused short term supply shortages. Rising freight rates also contributed to price increase. While the stable prices were due to consistent feedstock Ethylene prices and balanced supply demand scenario.

In Q4 2024, the global MEG market prices are expected to decline in the global market. This anticipated drop is linked to lower demand as the winter season arrives, typically resulting in reduced activity in the as Textile, automotive and Packaging. Consequently, the decreased need for MEG could significantly affect pricing. Additionally, year-end destocking activities may further influence the market, leading to a bearish outlook for MEG during this period, particularly affecting its applications in Ethylene production and other downstream uses.

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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, keeps you fully informed of market dynamics.

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

Track '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.

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.

Methodology and Specifications

monoethylene glycol Pricing Assessment Research Methodology

Data Collection and Sources

Real-Time Market Data: 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: 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: 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: 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: 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: 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 delivers the most accurate, timely, and actionable MEG pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.

Specifications

Molecular Weight[g/mol]

62.07 g/mol.

CAS No

107-21-1

HS Code

29053100

Molecular Formula

C₂H₆O₂

monoethylene glycol

Monoethylene glycol (MEG) is a clear, colourless liquid widely used in industries such as textiles, automotive, and packaging. It serves as a key ingredient in polyester production, antifreeze formulations, and PET bottles. Highly soluble in water and organic solvents. While versatile, it should be handled with care due to potential skin and eye irritation. Available in bulk or drums for industrial use.

Packaging Type

Tanker

Grades Covered

≥99% Monoethylene Glycol

Incoterms Used

FOB Houston, FOB Shuwaikh, FOB Jeddah, Ex-Mumbai, CIF Nhava Sheva (Kuwait), FD Antwerp, CIF Shanghai (Saudi Arabia), FD Hamburg.

Synonym

Ethylene glycol, 1,2-Ethanediol, MEG

Quotation Terms:

25-28 MT

Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.

Property	Specification
Appearance	Clear, colourless
Relative density	1.1151-1.1156
MEG Content	99.9 Wt%min
DEC Content	0.04 Wt%min
Specific gravity	1.1151-1.1156
Water	0.04 Wt%max
Acidity	10 Wt ppm max
Chloride	0.1 Wt ppm max
Iron content	0.1 Wt ppm max
Ash	10 Wt ppm max
Aldehydes (as formaldehyde)	10 Wt ppm max

Applications

Monoethylene glycol (MEG) is utilized across various industries due to its versatility. Key applications include the production of polyester fibres in textiles, the creation of PET for packaging, and use in automotive antifreeze. It also serves as a solvent in chemical manufacturing, a humectant in cosmetics, and a stabilizing agent in pharmaceuticals. Additionally, MEG finds applications in electronics and, in some cases, food processing, adhering to regulatory standards.

Disclaimer

Monoethylene Glycol price provided by 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. 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.

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Frequently asked questions

What factors influence the pricing of Monoethylene Glycol (MEG)? +

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.

How do regional price variations affect procurement strategies for MEG? +

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.

What are the future pricing trends for Monoethylene Glycol? +

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.