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ThailandIn 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.
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.
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.
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 week 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 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 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.
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.
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 rates. The rise also reflected seasonal restocking patterns and firm buying sentiment across industrial hubs.
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.
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 post-year-end lulls. The upbeat domestic manufacturing activity and restocking ahead of the summer season further contributed to positive market sentiment.
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.
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Molecular Weight[g/mol]
CAS No
HS Code
Molecular Formula
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
Grades Covered
Incoterms Used
Synonym
PriceWatch Quotation Terms:
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.
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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