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Monoethylene Glycol Price Trend and Forecast

UNSPC: 12352137

monoethylene glycol Price Trends by Country

cnChina
deGermany
beBelgium
inIndia
usUnited States
kwKuwait
saSaudi Arabia
thThailand

monoethylene glycol Pricing Trends in India: 

  • Northern India monoethylene glycol market price trend
  • Southern India monoethylene glycol market price trend
  • Central India monoethylene glycol market price trend

Global monoethylene glycol Price Trend, Analysis and Forecast​

Mono Ethylene Glycol (MEG) Price Trend Q3 2025

The global Mono Ethylene Glycol (MEG) price trend in Q3 2025 has been showing a mixed performance, with varied movements across major regions. In the APAC region, China has been recording a moderate increase in domestic MEG prices, supported by steady production rates and stable consumption from polyester producers. In contrast, Thailand has been observing a downward tone due to weaker regional demand and softer freight costs. In the Middle East, MEG export prices in Kuwait and Saudi Arabia have been declining within a range of 1–2%, shaped by balanced supply conditions and stable feedstock values. In the USA, export prices have been declining within a similar range, as adequate inventories and lower spot activity have been pressuring the market. However, Europe has been recording a firmer tone, with MEG prices in Belgium and Germany showing moderate improvement, supported by steady trade sentiment and regional consumption.

USA

MEG Export prices FOB Houston, USA, Grade – Purity: 99.9%.

According to the PriceWatch, in Q3 2025, MEG prices in the USA have been showing a downward trend, with a 2.3% decline during the quarter. The MEG price trend has been influenced by softer demand from polyester fibre and PET resin production, where MEG has been serving as a key raw material. Feedstock Ethylene costs have been fluctuating slightly, adding pressure to prices.

Production and export supply have been remaining steady, but buyers have been reducing procurement, contributing to the downward tone. In September 2025, MEG prices in the US have been rising slightly from August, reflecting improved demand from downstream sectors. Given stable supply and feedstock availability, the USA MEG market has been maintaining a controlled trend with limited adjustments.

Kuwait

MEG Export prices FOB Shuwaikh, Kuwait, Grade – Purity: 99.9%.

In Q3 2025, MEG prices in Kuwait have been following a downward trajectory, showing a 1.8% decline during the quarter. The market has been reflecting moderate demand from polyester and PET sectors, where MEG has been acting as a critical raw material. Minor variations in Ethylene feedstock costs have been adding pressure on prices. Export volumes have been remaining steady, while buyers have been reducing orders, contributing to the decline.

In September 2025, MEG prices in Kuwait have been increasing slightly from August, showing mild improvement in downstream activity. Overall, Kuwait’s MEG market has been maintaining a controlled tone, with balanced supply and steady feedstock availability.

Saudi Arabia

MEG Export prices FOB Jeddah, Saudi Arabia, Grade – Purity: 99.9%.

In Q3 2025, MEG price trend in Saudi Arabia have been following a downward trajectory, declining by around 1.1% to USD 460–470/MT during the quarter. The market has been influenced by moderate demand from polyester and PET resin producers. Ethylene feedstock costs have been fluctuating slightly, adding pressure to prices. Export supply has been remaining stable, while buyers have been reducing procurement, contributing to the decline. In September 2025, MEG prices in Saudi Arabia have been increasing marginally, reflecting slight recovery in downstream demand. Given consistent supply and stable feedstock values, the Saudi MEG market has been staying steady with controlled adjustments.

China

MEG Domestically Traded Ex-Shanghai, China, Grade – Purity: 99.9%.

According to the PriceWatch, in Q3 2025, MEG price trend in China have been showing a positive movement, with a 1.1% quarterly increase. The market has been supported by stable demand from polyester fibre and PET resin producers, where MEG has been serving as a key intermediate material. Ethylene feedstock costs have been remaining steady, supporting production economics. Domestic supply has been staying adequate, while procurement from textile sectors has been continuing steadily, maintaining balance. In September 2025, MEG prices in China have moved slightly upward from August, indicating gradual strengthening in demand. Overall, China’s MEG market has been maintaining stability with moderate growth.

India

MEG Domestically Traded Ex-Mumbai, India, Grade – Purity: 99.8%.

According to the PriceWatch, in Q3 2025, MEG price trend in India have been showing an upward momentum, with a 0.8% increase from Q2 levels. The market has been supported by steady demand from polyester and textile sectors, which have been consuming consistent volumes. Feedstock Ethylene prices have been staying firm, supporting higher production costs. Supply conditions in western India have been remaining balanced, while imports from the Middle East have been staying stable. Refineries have been operating smoothly, ensuring consistent availability. In September 2025, MEG prices in India have been increasing slightly compared to August, suggesting sustained trade momentum.

Belgium

MEG Domestically Traded FD Antwerp, Belgium, Grade – Purity: 99.9%.

In Q3 2025, MEG price trend in Belgium have been following a downward trajectory, showing a 15.3% decline during the quarter. The market has been influenced by weak demand from polyester and PET producers, where MEG has been acting as a vital feedstock. Ethylene costs have been fluctuating moderately, adding pressure to prices. Supply from regional and import sources has been remaining sufficient, but cautious buying has been contributing to the downward tone. In September 2025, MEG prices in Belgium have been moving slightly upward, indicating mild improvement in sector activity. Belgium’s MEG market has been staying under pressure, with gradual adjustments based on demand patterns.

Germany

MEG Domestically Traded FD Hamburg, Germany, Grade – Purity: 99.9%.

In Q3 2025, the Mono Ethylene Glycol (MEG) price trend in Germany has been showing a persistent downward direction, with prices declining by around 14.6% during the quarter. The market has been influenced by weaker polyester fibre and PET resin demand, which has been reducing domestic offtake and keeping the price trend subdued. Feedstock Ethylene values have been showing limited fluctuations, offering minimal cost support to producers. Domestic and imported supply have been remaining sufficient, while buyers have been maintaining cautious procurement strategies, adding pressure on overall prices.

Inventories have been staying comfortable, and trading participants have been focusing on stable volume management. In September 2025, MEG prices in Germany have been increasing slightly, supported by steady regional inquiries and mild improvement in European downstream activity. Overall, the German MEG price trend has been remaining soft, reflecting subdued demand and limited cost-driven momentum.

Thailand

MEG Import prices CIF Laem Chabang (Saudi Arabia), Thailand, Grade – Purity: 99.9%.

In Q3 2025, Monoethylene Glycol (MEG) price trend in Thailand have been showing a downward movement, recording a 2.3% quarterly decline. The downward movement has been supported by moderate consumption levels from polyester producers and steady supply from Saudi Arabia. Freight rates from Middle Eastern ports have been staying lower, which has been softening import costs and stabilizing market sentiment.

Buyers have been maintaining cautious procurement activity, while inventories have been remaining sufficient to meet domestic demand. Consistent arrivals from key exporters have been ensuring balanced availability across major import hubs. In September 2025, MEG prices in Thailand have been increasing slightly due to firm buying interest from converters and improved trade activity. Overall, Thailand’s MEG market has been maintaining stability with balanced sentiment and limited volatility in transactional activity.

Monoethylene Glycol Price Trend Analysis: Q2 2025

According to PriceWatch, In the USA market, the average price of Mono Ethylene Glycol (MEG) 99.9% purity on a FOB Houston basis was USD 444 per metric ton, which was about 10.8 percent less than the previous quarter. The polyester and antifreeze industries’ low consumption helped to soften procurement trends and reduce spot activity. April, May, and June saw a persistent decline in the MEG price trend, and the MEG price chart showed a similar downward trend.

High inventory levels and quiet downstream offtake presented difficulties for domestic suppliers. There was still little demand for exports, which put more strain on regional vendors. Long-term contracts were mostly avoided by buyers, who concentrated only on meeting urgent needs.

As a result of competitive pressures and market inertia, offers were reduced. The MEG market was generally in a bearish mood with little transactional momentum. As Q3 2025 approaches, participants might still be present. 

Monoethylene Glycol Price Trend Analysis: Q1 2025

In Q1 2025, In USA MEG Purity:99.9% 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 Glycol Price Trend Analysis: Q4 2024

In Q4 2024, MEG Purity:99.9% 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. 

Monoethylene Glycol Price Trend Analysis: Q3 2024

In Q3 2024, the Mono Ethylene Glycol (MEG) Purity:99.9% 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. 

Monoethylene Glycol Price Trend Analysis: Q2 2024

In Q2 2024, the global MEG Purity:99.9% 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. 

Monoethylene Glycol Price Trend Analysis: Q1 2024

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.  

India monoethylene glycol Price Trend, Analysis and Forecast

Monoethylene Glycol Price Trend Analysis: Q1 2025

In Q1 2025 the price of MEG Purity:99.8% 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 Price Trend Analysis: Q2 2025

According to PriceWatch, In the India market, Mono Ethylene Glycol (MEG) 99.8% purity prices fell by roughly 7.8% in the Q2 of 2025 in the Indian market, according to PriceWatch. Ex-Mumbai, the product’s average quarterly price was determined to be USD 605 per metric ton. Weak demand from the packaging and textile sectors kept the MEG Market under pressure.

During April, May, and June, the MEG price trend showed a steady decline. The MEG price chart reflected a gradual drop with no clear signs of an upward movement. Buyers held back on large purchases, expecting further price corrections. Softer feedstock ethylene costs also limit any upward pricing support.

While domestic offtake remained modest, import volumes were relatively stable. Traders described slow downstream activity and comfortable inventory levels. Overall, market sentiment remained cautious with limited upside signals during the quarter. 

Monoethylene Glycol Price Trend Analysis: Q1 2024

In Q1 2024, the Indian MEG Purity:99.8% 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 during post-year-end lulls. The upbeat domestic manufacturing activity and restocking ahead of the summer season further contributed to positive market sentiment. 

Monoethylene Glycol Price Trend Analysis: Q2 2024

In Q2 2024, MEG Purity:99.8% 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. 

Monoethylene Glycol Price Trend Analysis: Q3 2024

In Q3 2024, MEG Purity:99.8% 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 prices. The rise was also reflected in seasonal restocking patterns and firm buying sentiment across industrial hubs. 

Monoethylene Glycol Price Trend Analysis: Q4 2024

In Q4 2024, MEG Purity:99.8% 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. 

Global monoethylene glycol Supply Chain

Upstream
  • Ethylene
  • Crude Oil or Natural Gas
  • Naphtha / Ethane / Propane
Downstream
  • Polyester Resin Production 
Major supplying countries
  • USA
  • Saudi
  • Kuwait
  • Germany
  • Belgium
  • Thailand
Major importing countries
  • China
  • India

India monoethylene glycol Supply Chain

Upstream
  • Ethylene
  • Crude Oil or Natural Gas
  • Naphtha / Ethane / Propane
Downstream
  • Polyester Resin Production 
Major supplying countries
  • USA
  • Saudi
  • Kuwait
  • Germany
  • Belgium
  • Thailand
Major importing countries
  • China
  • India

Technical Specifications of Monoethylene Glycol Price Trends

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, colorless 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

Monoethylene Glycol Grades Covered

Purity:99.8%-99.9% Monoethylene Glycol

Incoterms Used

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

Synonym

Ethylene glycol, 1,2-Ethanediol, MEG

PriceWatch 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   99.8-99.9% 
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  
   

Monoethylene Glycol Industrial 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. 

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. 

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, colorless 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

Purity:99.8%-99.9% Monoethylene Glycol

Incoterms Used

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

Synonym

Ethylene glycol, 1,2-Ethanediol, MEG

PriceWatch 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   99.8-99.9% 
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. 

Monoethylene Glycol Market Price Trend 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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