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Mono Ethylene Glycol (MEG) Price Trend and Forecast

UNSPC code: 12352137
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⟳ Weekly Update
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Historical Data Since 2015
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Forecast for 2026
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mono ethylene glycol (meg) Price Trends by Country

cnChina
deGermany
beBelgium
inIndia
usUnited States
kwKuwait
saSaudi Arabia
thThailand

Global mono ethylene glycol (meg) Spot Market Prices, Trend Analysis and Forecast

Price Watchâ„¢ provides real-time price assessments and price forecasts for MEG across top trading regions:

Mono Ethylene Glycol (MEG) Regional Coverage  Mono Ethylene Glycol (MEG) Grade and Country Coverage  Mono Ethylene Glycol (MEG) Pricing Data Coverage Explanation 
Asia-Pacific Mono Ethylene Glycol (MEG) Pricing Analysis MEG Purity: 99.9% CIF Prices at Shanghai Port, China. Importing from Saudi Arabia Weekly Price Update on Mono Ethylene Glycol (MEG) Real-Time Import Prices at Shanghai Port, China, from Saudi Arabia
MEG Purity: 99.8% Ex-Mumbai, India Weekly Price Update on Mono Ethylene Glycol (MEG) Real-Time Domestic Ex-Mumbai Prices in India
MEG Purity: 99.9% CIF Prices at Nhava Sheva Port, West India. Importing from Kuwait Weekly Price Update on Mono Ethylene Glycol (MEG) Real-Time Import Prices at Nhava Sheva Port, West India, from Kuwait
MEG Purity: 99.9% Ex-Shanghai, China Weekly Price Update on Mono Ethylene Glycol (MEG) Real-Time Domestic Ex-Shanghai Prices in China
MEG Purity: 99.9% CIF Prices at Laem Chabang Port, Thailand. Importing from Saudi Arabia Weekly Price Update on Mono Ethylene Glycol (MEG) Real-Time Import Prices at Laem Chabang Port, Thailand, from Saudi Arabia
North America Mono Ethylene Glycol (MEG) Pricing Analysis MEG Purity: 99.9% FOB Prices at Houston, USA Weekly Price Update on Mono Ethylene Glycol (MEG) Real-Time Export Prices from Houston, USA to Global Markets
Middle East & Africa (MEA) Mono Ethylene Glycol (MEG) Pricing Analysis MEG Purity: 99.9% FOB Prices at Shuwaikh Port, Kuwait Weekly Price Update on Mono Ethylene Glycol (MEG) Real-Time Export Prices from Shuwaikh Port, Kuwait to Global Markets
MEG Purity: 99.9% FOB Prices at Jeddah Port, Saudi Arabia Weekly Price Update on Mono Ethylene Glycol (MEG) Real-Time Export Prices from Jeddah Port, Saudi Arabia to Global Markets
Europe Mono Ethylene Glycol (MEG) Pricing Analysis MEG Purity: 99.9% FD Prices at Antwerp, Belgium Weekly Price Update on Mono Ethylene Glycol (MEG) Real-Time FD Prices in Antwerp, Belgium
MEG Purity: 99.9% FD Prices at Hamburg, Germany Weekly Price Update on Mono Ethylene Glycol (MEG) Real-Time FD Prices in Hamburg, Germany

MEG Price Forecasts & Market Foresight Q3 2026

Outlook: Strongly Bearish

Confidence: High

Mono Ethylene Glycol (MEG) prices are expected to remain under corrective pressure during Q3 2026, driven by softer Ethylene feedstock costs, adequate global supply, and cautious downstream polyester demand. China and Thailand are likely to maintain competitive export offers, while India may witness restrained buying due to sufficient inventories.

Kuwait and Saudi Arabia are expected to benefit from stable production, whereas Belgium, Germany, and the USA may experience subdued demand from the manufacturing sector, limiting any significant price recovery.

Global MEG Market Overview by Region (July–September 2026)

Country Grade/ Incoterm Outlook
USA Purity:99.9% FOB Houston Strongly Bearish
Kuwait Purity:99.9% FOB Shuwaikh Strongly Bearish
Saudi Arabia Purity:99.9% FOB Jeddah Strongly Bearish
China Purity:99.9% CIF Shanghai (Saudi Arabia) Strongly Bearish
India Purity:99.8% Ex-Mumbai Strongly Bearish
Belgium Purity:99.9% FD Antwerp Strongly Bearish
India Purity:99.9% CIF Nhava Sheva (KUWAIT) Strongly Bearish
Germany Purity:99.9% FD Hamburg Strongly Bearish
China Purity:99.9% Ex Shanghai Bearish
Thailand Purity:99.9% CIF Laem Chabang (Saudi Arabia) Strongly Bearish

*MEG Forecast represents an analytical assessment based on information available at the time of publication. Actual market prices may vary due to unforeseen operational, regulatory, geopolitical, or economic developments.

Explore the Complete Price Watch™ MEG Forecast

Access comprehensive MEG market intelligence, including a 3-Month Rolling Forecast, 12-Month Price Forecast, forward price curves, country-wise market outlooks, procurement insights, and monthly forecast updates.

Explore Price Watch™ MEG Forecasts

What’s Included

The 3-Month Forecast (Updated Monthly)

It reflects changes in Ethylene feedstock costs, energy prices, producer operating rates, plant outages, inventory levels, trade flows, freight rates, regional demand, and geopolitical developments affecting the global MEG market.

The 12-Month Forecast (Published Annually)

It provides a strategic outlook based on expected capacity additions, supply-demand balances, feedstock economics, macroeconomic conditions, industrial production trends, trade policies, seasonal demand patterns, and long-term supply chain developments, supporting procurement, budgeting, and strategic planning.

Our Proprietary Hybrid Forecasting Model Evaluates:

  • Feedstock & production economics
  • Plant operating rates & outages
  • Inventory and supply-demand balance
  • Regional trade flows & freight
  • Import-export dynamics
  • Macroeconomic & geopolitical developments

 

Track MEG Supply Disruptions in Real Time

As geopolitical risks continue to reshape global supply chains, stay ahead of the events that drive price movements by monitoring plant shutdowns, maintenance turnarounds, force majeure events, logistics bottlenecks, trade restrictions, and operational disruptions before they impact MEG markets.

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Mono Ethylene Glycol (MEG) Price Trend Q2 2026

In Q2 2026, the global Mono Ethylene Glycol (MEG) market has been witnessing a sharp upward trend as the US-Iran conflict has been escalating and disruptions to shipping through the Strait of Hormuz have been tightening the flow of crude oil, naphtha, and Ethylene from the Middle East.

Rising feedstock costs, elevated freight rates, and supply disruptions at key Middle Eastern production facilities have been increasing production costs and have been supporting higher MEG prices across major regions during April and May. Firm demand from the polyester fibre and PET resin industries has been further reinforcing the upward market momentum.

The Mono Ethylene Glycol (MEG) Price Chart has been reflecting this strong upward trajectory through the first two months of the quarter. Toward the end of the quarter, the US-Iran ceasefire and the reopening of the Strait of Hormuz have been easing feedstock and freight costs while have been improving export availability from the Middle East.

The Mono Ethylene Glycol (MEG) Price Index has been reflecting this gradual normalization; with June 2026 prices having been correcting across most regions as production costs have been softening and supply chain conditions have been gradually stabilizing.

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

In Q2 2026, MEG Price Trend in the USA has been recording a significant increase of 42.28%, driven by elevated energy costs and strong feedstock support throughout most of the quarter. Escalating geopolitical tensions between the United States and Iran have been disrupting global crude oil flows, pushing WTI and Brent crude prices sharply higher and strengthening Ethylene production costs for integrated MEG manufacturers.

MEG Price in the USA has been further supported by higher natural gas and utility costs, while stronger polyester operating rates in China have been improving global demand expectations for U.S. exports during April and May. However, market conditions have been softening toward the end of the quarter following the US-Iran ceasefire, the reopening of the Strait of Hormuz, and the release of crude from strategic reserves, which have eased energy market volatility.

In June 2026, MEG Prices in the USA have been declining by 4.95% as lower Ethylene costs, improving Gulf Coast operating rates, and comfortable export availability have been encouraging suppliers to reduce offers, while weaker Asian demand and competitive Middle Eastern cargoes have continued to pressure export prices.

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

In Q2 2026, MEG Price Trend in Kuwait has been recording a significant increase of 22.44%, supported by tighter export availability and regional supply disruptions throughout most of the quarter. MEG Price in Kuwait has been strengthening after Kuwait Petrochemicals declared force majeure on shipments, while operational disruptions at Qatar Energy’s ethylene facilities further reduced Ethylene availability across the Gulf.

Higher replacement costs and limited spot cargoes have encouraged suppliers to maintain firm FOB offers during April and May, despite only moderate buying interest from Asia. However, export sentiment has been softening toward the end of the quarter as Gulf supply conditions gradually improved and Ethylene values weakened.

In June 2026, MEG Prices in Kuwait have been declining by 4.43% as competitive regional supply and weaker export inquiries from India and China have been increasing pricing pressure. Lower Ethylene costs and comfortable cargo availability have also encouraged suppliers to offer more competitive FOB prices.

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

In Q2 2026, MEG Price Trend in Saudi Arabia has been recording a significant increase of 21.50%, supported by tighter regional supply and stronger export fundamentals throughout most of the quarter. MEG Price in Saudi Arabia has been strengthening following production disruptions at MEGlobal and supply interruptions after attacks on key petrochemical and energy facilities, including the Ras Tanura refinery and a SABIC complex, which have constrained Ethylene availability and reduced export volumes.

Improved buying interest from Asian markets has further supported producer sentiment, encouraging suppliers to maintain firm export offers during April and May. However, market conditions have been softening toward the end of the quarter as production facilities gradually resumed normal operations and export availability improved.

In June 2026, MEG Prices in Saudi Arabia have been declining by 4.01% as lower Ethylene costs and stable plant operating rates have been improving product availability. Conservative buying from Asian polyester producers and expectations of further price corrections have continued to pressure Saudi export prices.

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

In Q2 2026, MEG Price Trend in China has been recording a significant increase of 18.33%, supported by tighter domestic supply and higher production costs during most of the quarter. MEG Price in China has been strengthening as maintenance shutdowns at Zhejiang Petroleum & Chemical and Fujian Gulei Petrochemical have reduced domestic availability, while disruptions to Middle Eastern supply and delayed Ethylene imports from South Korea have increased production costs.

Firm polyester operating rates and expectations of tighter market fundamentals have further supported buying interest during April and May. However, market conditions have been softening toward the end of the quarter as Ethylene costs have been declining and domestic inventories have been increasing.

In June 2026, MEG Prices in China have been declining by 1.59% as comfortable supply, rising arrivals of competitively priced Middle Eastern cargoes, and cautious procurement from polyester producers have continued to pressure the domestic market.

India: MEG Domestically Traded Ex-Mumbai, India; Grade – Purity: 99.9%

In Q2 2026, MEG Price Trend in India has been recording a significant increase of 33.59%, supported by higher import replacement costs and firm downstream demand throughout most of the quarter. MEG Price in India has been strengthening as supply disruptions across the Gulf, including reduced export availability from Kuwait, have tightened import availability and increased replacement costs for domestic manufacturers.

Higher Ethylene costs and elevated freight expenses have further increased production economics, while domestic producers have been maintaining balanced operating rates to ensure stable market supply. Consistent procurement from polyester fibre and PET resin manufacturers has continued supporting market sentiment during April and May.

In June 2026, MEG Prices in India have been increasing by 3.55% as improving cargo arrivals from the Gulf have eased immediate supply concerns. However, firm import parity, steady downstream demand, and inventory replenishment ahead of the monsoon season have continued supporting domestic prices.

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

In Q2 2026, MEG Price Trend in Belgium has been recording a significant increase of 69.85%, among the strongest gains observed during the quarter. Escalating geopolitical tensions between the United States and Iran and the temporary disruption of shipping through the Strait of Hormuz have been driving Brent crude oil above USD 100 per barrel during April and May, significantly increasing naphtha and Ethylene production costs across Europe.

MEG Price in Belgium has been further supported by delays in naphtha shipments through the Suez Canal, reduced import availability from the Middle East, and higher European natural gas prices, which have increased manufacturing costs and tightened regional supply.

However, market conditions have been softening toward the end of the quarter as the US-Iran ceasefire and the reopening of the Strait of Hormuz have restored confidence in global energy markets.

In June 2026, MEG Prices in Belgium have been declining by 11.10% as lower Brent crude oil, weaker Ethylene costs, improving import availability, and subdued demand from the PET and polyester sectors have continued to pressure market prices.

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

In Q2 2026, MEG Price Trend in Germany has been recording a significant increase of 67.81%, supported by elevated feedstock costs and higher energy prices throughout most of the quarter. Escalating geopolitical tensions between the United States and Iran and disruptions to shipping through the Strait of Hormuz have driven Brent crude oil above USD 100 per barrel during April and May, increasing naphtha and Ethylene production costs across Europe.

MEG Price in Germany has been further supported by stronger production costs, firm contractual demand from the polyester and PET industries, and higher natural gas prices, while delays in feedstock arrivals through the Suez Canal have tightened regional availability.

However, market conditions have been softening toward the end of the quarter as the US-Iran ceasefire and the reopening of the Strait of Hormuz have eased pressure on global energy markets. In June 2026, MEG Prices in Germany have been declining by 10.90% as lower Brent crude oil and Ethylene costs have reduced production expenses, while weaker downstream procurement and improving feedstock availability have continued to pressure market prices.

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

In Q2 2026, MEG Price Trend in Thailand (CIF Laem Chabang from Saudi Arabia) has been recording a significant increase of 35.82%, supported by higher import replacement costs and tighter cargo availability throughout most of the quarter.

MEG Price in Thailand has been strengthening as production disruptions and refinery outages in Saudi Arabia reduced export availability, while elevated Ethylene costs and higher freight rates across the Middle East to Southeast Asia route increased offered import prices during April and May.

Steady procurement from Thailand’s polyester industry has further supported import demand despite elevated price levels. However, market conditions have been softening toward the end of the quarter as Saudi export availability has gradually improved and freight rates have stabilized.

In June 2026, MEG Prices in Thailand have been declining by 3.08% as lower Saudi export prices and weaker Ethylene costs have reduced import replacement costs. Comfortable inventories among downstream polyester producers and stable cargo arrivals have continued to pressure CIF Laem Chabang prices.

Mono Ethylene Glycol (MEG) Price Trend Analysis: Q1 2026

Mono Ethylene Glycol (MEG) Price Trend Q1 2026

The global meg price trend in Q1 2026 has been showing a positive performance, with prices increasing by approximately 2–11% across major regions. In the APAC region, China has been recording a noticeable increase in domestic MEG prices, supported by improved demand from polyester producers and stable production dynamics.

In India, prices have also been rising due to stronger import costs and better downstream buying sentiment. Amidst, the conflict between the US-Iran conflict in the Middle East, MEG export prices in Kuwait and Saudi Arabia have been increasing within a similar range, further supported by supply disruptions observed in the last month of the quarter, which tightened availability in the export market.

In the USA, export prices have been moving upward amid improved spot activity and balanced inventories. Meanwhile, Europe, particularly Germany, has been witnessing a firm trend, supported by stable consumption and strengthened regional trade sentiment.

USA: Mono Ethylene Glycol (MEG) Export prices FOB Houston, USA; Grade – Purity: 99.9%

In Q1 2026, Mono Ethylene Glycol (MEG) prices in the USA have increased by 5.2%, reflecting a shift in market dynamics as rising upstream costs have outweighed still-moderate downstream demand. MEG price trend in the USA has been upward, supported by increasing cost pressures and tightening feedstock economics. Market sentiment has been supported by increasing energy costs for steam crackers, which have raised ethylene production expenses and subsequently MEG manufacturing costs.

The impact of cost pressures has been more pronounced toward the end of the quarter. In March 2026, Mono Ethylene Glycol prices in the USA have surged by 23.5% compared to February, driven primarily by a sharp rise in natural gas prices, which have increased by over 13% due to colder weather and supply concerns.

At the same time, US gasoline prices have surged significantly, reflecting heightened volatility in the energy market. Additionally, ethylene prices have increased sharply amid war-related disruptions, tightening feedstock availability and further elevating production costs. Overall, the market has reflected a firm tone, with cost-push factors, particularly in March, dominating pricing trends.

Kuwait: Mono Ethylene Glycol (MEG) Export prices FOB Shuwaikh, Kuwait; Grade – Purity: 99.9%

In Q1 2026, MEG prices in Kuwait have increased by 2.2%, reflecting a modest recovery supported by tightening supply conditions despite moderate downstream demand. MEG price trend in Kuwait has been slightly upward, driven by constrained availability and steady cost support.

Market sentiment has remained influenced by cautious procurement behaviour and balanced consumption patterns, with buyers have been adjusting volumes in line with immediate requirements. Feedstock ethylene availability has shown some constraints, which has provided mild support to pricing, while overall production levels have remained relatively stable through most of the quarter.

In March 2026, MEG prices in Kuwait have increased by 16.5% compared to February, driven by intensified supply-side pressures toward the end of the quarter. This increase has been further supported by regional disruptions, as Kuwait Petrochemicals has declared force majeure on shipments due to reduced crude and feedstock availability amid geopolitical tensions near the Strait of Hormuz, which has disrupted production and exports.

Additionally, Qatar Energy’s force majeure on ethylene operations has further restricted supply, resulting in tighter MEG availability in the regional market. Overall, the market has reflected a firm tone.

Saudi Arabia: Mono Ethylene Glycol (MEG) Export prices FOB Jeddah, Saudi Arabia; Grade – Purity: 99.9%

In Q1 2026, MEG prices in Saudi Arabia have increased by 2.8%, reflecting a gradual improvement in market conditions as supply constraints have been outweighing moderate downstream demand from polyester and PET resin sectors. MEG price trend in Saudi Arabia has been moderately upward, supported by tightening supply dynamics and improving regional demand signals.

The market has been witnessing cautious procurement behaviour, with buyers have been aligning purchases with immediate requirements. Feedstock ethylene demand from Asia has been increasing, which has been supporting overall pricing. Production levels have been relatively stable during most of the quarter, while balanced supply and demand conditions have been maintaining a controlled market environment with limited volatility.

In March 2026, MEG prices in Saudi Arabia have increased sharply by 18.9% compared to February, driven by intensified supply-side disruptions. ME Global, an Equate company, has temporarily halted production, which has reduced MEG supply. Saudi MEG producers have also halted operations, which has tightened local availability.

Additionally, disruptions at the Strait of Hormuz have been causing global supply shortages due to shipping constraints, while drone strikes at the Ras Tanura refinery have forced a temporary shutdown of Saudi Aramco’s major oil processing complex, which has limited crude and feedstock flows, further tightening supply.

China: Mono Ethylene Glycol (MEG) Domestically Traded Ex-Shanghai, China; Grade – Purity: 99.9%

In Q1 2026, MEG prices in China have increased by 1.8%, indicating a slight recovery in market conditions despite continued moderate demand from polyester fiber and PET resin sectors. The market has been reflecting cautious sentiment, with buyers have been maintaining need-based procurement strategies. MEG price trend in China influenced by feedstock ethylene costs have been showing some upward movement, which has been providing mild support to pricing.

Domestic supply has been relatively balanced, while inventory levels have been remaining manageable, preventing any sharp fluctuations during most of the quarter. Export opportunities have been limited, which has been keeping overall market momentum controlled. In March 2026, MEG prices in China have increased sharply by 26.4% compared to February, driven by intensified supply-side constraints.

Refinery throughput at Zhejiang Petroleum & Chemical has fallen by around 20% due to maintenance and reduced crude availability, which has limited feedstock supply and tightened ethylene availability. Additionally, ethylene imports delays from South Korea following YNCC force majeure have pushed prices higher and increased MEG production costs in China.

Disruptions at the Strait of Hormuz have further tightened feedstock supply from the Middle East. Overall, the market has reflected a firm tone, with supply-driven factors have been dominating pricing trends.

India: Mono Ethylene Glycol (MEG) Domestically Traded Ex-Mumbai, India; Grade – Purity: 99.9%

In Q1 2026, Mono Ethylene Glycol (MEG) prices in India have increased by 10.2%, reflecting a strong recovery in market conditions as supply-side constraints have been outweighing moderate demand from polyester and textile sectors. MEG price trend in India has been supported by tightening import availability and rising cost pressures, while buyers have been maintaining cautious procurement aligned with immediate requirements.

Feedstock ethylene prices have been showing firmness, which has been providing support to overall pricing. Domestic supply has been relatively balanced, although reliance on imports has been influencing availability, while refinery operations have been remaining stable during most of the quarter.

In March 2026, Mono Ethylene Glycol prices in India have increased sharply by 53.7% compared to February, driven by severe supply disruptions. Kuwait Petrochemicals has declared force majeure on shipments, while delays from the Middle East have occurred due to container shortages.

LPG shortages have also occurred due to disruptions around the Strait of Hormuz, which has constrained flows and raised energy costs. ME Global has halted its MEG unit, reducing supply. Overall, the MEG price trend in India has remained strongly firm.

Belgium: Mono Ethylene Glycol (MEG) Domestically Traded FD Antwerp, Belgium; Grade – Purity: 99.9%

In Q1 2026, MEG prices in Belgium have increased by 11.8%, reflecting a strong upward shift in market dynamics driven by rising cost pressures and tightening supply conditions despite moderate downstream demand from polyester and PET sectors.

MEG price trend in Belgium has been consistently firm, supported by increasing upstream costs and constrained feedstock availability. Buyers have been maintaining cautious procurement strategies, while ethylene prices have been rising due to higher naphtha costs, which has been providing strong support to MEG pricing.

Supply conditions have been gradually tightening, which has reinforced the upward price movement throughout the quarter. In March 2026, MEG prices in Belgium have increased sharply by 30.7% compared to February, driven by significant supply and energy disruptions. Naphtha shipment delays through the Suez Canal have tightened feedstock Ethylene supply, which has pushed ethylene prices higher and increased MEG production costs.

Additionally, LNG supply concerns have escalated as Qatar Energy has halted production and declared force majeure, which has raised energy costs across Europe. Overall, the MEG price trend in Belgium has remained strongly bullish, with supply constraints and cost pressures have been consistently supporting the price surge.

Germany: Mono Ethylene Glycol (MEG) Domestically Traded FD Hamburg, Germany; Grade – Purity: 99.9%

In Q1 2026, MEG prices in Germany have increased by 10.7%, reflecting a strong recovery in market conditions as rising cost pressures and tightening supply have been outweighing moderate demand from polyester fibre and PET resin sectors. MEG price trend in Germany has been firmly upward, supported by increasing upstream costs and constrained feedstock availability.

Buyers have been maintaining cautious procurement strategies, while ethylene prices have been rising due to higher naphtha costs, which has been providing consistent support to MEG pricing. Supply conditions have been gradually tightening across the region, which has reinforced the overall price increase during the quarter.

In March 2026, MEG prices in Germany have increased sharply by 29.7% compared to February, driven by intensified supply and energy disruptions. Naphtha shipment delays through the Suez Canal have tightened feedstock supply, which has pushed ethylene prices higher and increased production costs.

Additionally, LNG supply concerns have escalated as Qatar Energy has halted production and declared force majeure, while Shell plc and TotalEnergies have warned of delivery disruptions, which has raised energy costs. Overall, the MEG price trend in Germany has remained strongly bullish, with supply-side constraints consistently supporting the price surge.

Thailand: Mono Ethylene Glycol (MEG) Import prices CIF Laem Chabang (Saudi Arabia), Thailand; Grade – Purity: 99.9%

According to Price-Watchâ„¢, in Q1 2026, MEG prices in Thailand CIF Laem Chabang (Saudi Arabia) have increased by 10%, reflecting a strong recovery in market conditions as tightening supply and rising cost pressures have been outweighing moderate demand from polyester producers. MEG price trend in Thailand has been firmly upward, supported by constrained import availability from key Middle Eastern suppliers.

Buyers have been maintaining cautious procurement strategies, while shipment flows have been facing minor disruptions, which has been limiting overall supply. Freight conditions have been fluctuating slightly, which has been adding to import costs, while inventory levels have been gradually tightening during the quarter.

In March 2026, MEG prices in Thailand have increased sharply by 42.4% compared to February, driven by intensified supply constraints. Delays in shipments from the Middle East have been tightening availability, while logistical challenges have been restricting inflows. Higher upstream costs have also been supporting the surge. Overall, the MEG price trend in Thailand has remained strongly bullish.

Mono Ethylene Glycol (MEG) Price Trend Analysis 2025

Mono Ethylene Glycol (MEG) Price Trend 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. 

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. 

Mono Ethylene Glycol (MEG) Price Trend 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. 

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. 

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: Mono Ethylene Glycol (MEG) Export prices FOB Houston, USA, Grade Purity: 99.9%.

According to Price-Watchâ„¢, 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: Mono Ethylene Glycol (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: Mono Ethylene Glycol (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: Mono Ethylene Glycol (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: Mono Ethylene Glycol (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: Mono Ethylene Glycol (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: Mono Ethylene Glycol (MEG) Domestically Traded FD Hamburg, Germany, Grade – Purity: 99.9%.

According to Price-Watch AI,  In Q3 2025, the 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: Mono Ethylene Glycol (MEG) Import prices CIF Laem Chabang (Saudi Arabia), Thailand, Grade – Purity: 99.9%.

In Q3 2025, 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.

Mono Ethylene Glycol (MEG) Price Trend Q4 2025

A bearish trend has been prevailing for the global Mono Ethylene Glycol (MEG) market during Q4 2025, which is being witnessed through a fall in prices by about 2-8% in different regions owing to weak demand and normal supplies.

In China, falling prices have been recorded because of moderate demand from the polyester and PET industries, while adequate domestic production has ensured adequate supplies. Prices in India have been on the decline owing to conservative buying trends along with steady imports into the region.

In Europe, including Germany, prices have fallen owing to weak downstream consumption alongside adequate inventory levels. In the Middle East, including Kuwait and Saudi Arabia, prices have been weakening owing to sustained export supplies in conjunction with steady production levels.

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

In Q4 2025, MEG prices in the United States experienced a substantial decline, amounting to 8.9%, reflecting the continuation of the bearish trend observed in the previous quarter as downstream polyester fiber and PET resin applications are characterized by weak demand.

The MEG price trend in the United States is downward, as low consumption rates and abundant supplies contributed to negative price momentum. Low market sentiment is seen as buyers are reluctant to procure due to plentiful inventory, and ethylene prices do not experience fluctuation, failing to provide any support to price trends.

Stable production helped maintain adequate market supplies. In December 2025, MEG prices in the United States dropped by 4.26% relative to November as market participants are making end-of-the-year inventory adjustments amid slow trading activities, while downstream producers operated at low levels.

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

During Q4 2025, MEG prices in Kuwait have been experiencing a decline of around 5.21%, following an extended downward trend in the third quarter, as the demand from the polyester and PET segments have been moderate. The MEG prices trend in Kuwait has been a downward one due to cautious purchasing and adequate supply.

The markets have shown a lower level of purchasing, which is reflected in the decreased orders made by the customers despite the available supplies. The cost of the feedstock, ethylene, has been fluctuating slightly, thereby pressuring the prices.

However, export volumes have been stable, along with the consistent manufacturing levels, thus, ensuring a sufficient supply, and driving the prices down. In December 2025, MEG prices in Kuwait there has been a decrease by 1.55% due to subdued end-user demand and slow trade in the year-end period.

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

In Q4 2025, MEG prices in Saudi Arabia have been declining by around 5.66%, continuing the downward trend observed in the previous quarter as demand from polyester and PET resin producers has been remaining moderate. MEG price trend in Saudi Arabia has been downward, influenced by cautious buying behaviour and sufficient material availability.

The market has been reflecting reduced procurement activity, with buyers lowering purchases amid adequate supply. Ethylene feedstock costs have been fluctuating slightly, which has been adding pressure on pricing dynamics, while export supply has been remaining stable and consistent production levels have been ensuring ample availability, contributing to the overall soft market sentiment.

In December 2025, MEG prices in Saudi Arabia have been decreasing by 1.57% compared to November, driven by subdued downstream demand and slower trading activity during the year-end period, while stable feedstock and sufficient supply have been keeping the market under controlled conditions with limited scope for price recovery.

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

In Q4 2025, MEG prices in China have been declining by around 6.3%, reversing the positive trend observed in the previous quarter as demand from polyester fibre and PET resin producers has been softening. MEG price trend in China has been downward, influenced by weakening consumption patterns and sufficient supply availability.

The market has been reflecting cautious sentiment, with buyers reducing procurement despite previously stable consumption. Ethylene feedstock costs have been remaining relatively steady, offering limited cost support to producers, while domestic supply has been staying adequate and inventory levels have been remaining comfortable, contributing to downward pricing pressure.

Export opportunities have been limited, which has been further impacting overall market momentum. In December 2025, MEG prices in China have been decreasing by 3.96% compared to November, driven by slower downstream activity and reduced trading interest during the year-end period, with balanced supply and weak demand continuing to keep the market tone soft.

India: MEG Domestically Traded Ex-Mumbai, India; Grade – Purity: 99.9%

In Q4 2025, MEG prices in India have been declining by 5.8%, following the upward trend observed in the previous quarter as demand from polyester and textile sectors has been softening. MEG price trend in India has been downward, influenced by weak downstream consumption and sufficient inventory availability.

The market has been reflecting cautious buying behaviour, with buyers limiting procurement amid adequate supply. Feedstock ethylene prices have been remaining firm but have been offering limited support to market sentiment due to weaker demand. Supply conditions in western India have been staying balanced, while imports from the Middle East have been continuing steadily, ensuring consistent availability, and refineries have been operating at stable levels.

In December 2025, MEG prices in India have been decreasing by 3.52% compared to November, driven by slower trading activity and year-end inventory adjustments, while sufficient supply and subdued demand have been maintaining overall pressure on prices.

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

In Q4 2025, MEG prices in Belgium have been declining by 2.7%, continuing the downward trend observed in the previous quarter, although at a slower pace as market conditions have been gradually stabilizing. MEG price trend in Belgium has been slightly downward, influenced by weak demand despite early signs of recovery.

Demand from polyester and PET producers has been remaining subdued, though marginal improvement has been observed compared to earlier levels. Ethylene feedstock costs have been fluctuating moderately, providing limited direction to the market, while regional and import supply has been remaining sufficient and buyers have been maintaining cautious procurement strategies.

Inventory levels have been staying adequate, contributing to balanced supply conditions. In December 2025, MEG prices in Belgium have been increasing by 1.92% compared to November, reflecting improved downstream activity and better buying interest, although overall market conditions have remained controlled with only mild recovery signals.

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

In Q4 2025, MEG prices in Germany have been declining by 2.3%, continuing the downward trajectory observed in the previous quarter, although at a slower rate as market conditions have been stabilizing. MEG price trend in Germany has been slightly downward, influenced by subdued demand despite gradual recovery signals.

Demand from polyester fiber and PET resin sectors has been remaining weak, though slight improvement has been observed compared to earlier months. Feedstock ethylene values have been showing limited fluctuations, offering minimal cost support to producers, while domestic and imported supply has been remaining sufficient and buyers have been maintaining cautious procurement strategies.

Inventory levels have been staying comfortable, contributing to balanced market conditions. In December 2025, MEG prices in Germany have been increasing by 1.86% compared to November, supported by improved regional inquiries and slightly better downstream activity, although the overall market has remained controlled with moderate recovery.

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

In Q4 2025, MEG prices in Thailand have been declining by 5.3%, continuing the downward trend observed in the previous quarter as demand from polyester producers has been remaining moderate. MEG price trend in Thailand has been downward, influenced by cautious procurement activity and sufficient inventory levels.

The market has been reflecting limited buying interest, with buyers reducing purchases amid adequate availability. Supply from key exporters such as Saudi Arabia has been remaining steady, ensuring consistent inflows across import hubs, while freight rates from the Middle East have been staying relatively stable, contributing to balanced import costs.

Inventory levels have been remaining adequate, supporting overall supply conditions. In December 2025, MEG prices in Thailand have been decreasing by 1.46% compared to November, driven by slower downstream demand and reduced trading activity during the year-end period, while balanced supply and cautious demand have been maintaining a soft market tone.

Mono Ethylene Glycol (MEG) Price Trend 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.  

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. 

Mono Ethylene Glycol (MEG) Price Trend 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. 

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. 

Mono Ethylene Glycol (MEG) Price Trend 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. 

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. 

Mono Ethylene Glycol (MEG) Price Trend 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. 

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. 

Technical Specifications of Mono Ethylene Glycol (meg) Price Trends

Product Description

Mono Ethylene Glycol (MEG) is a clear, colourless liquid primarily synthesized from Ethylene oxide. It possesses high chemical stability, excellent hygroscopic properties, a high boiling point, and low volatility. MEG exhibits strong thermal stability, good solvent capabilities, and corrosion resistance, ensuring reliable performance under demanding conditions. Its molecular structure provides compatibility with various chemicals, and it demonstrates low toxicity and non-flammability under standard conditions. Produced from Ethylene as the key feedstock, MEG remains highly adaptable for multiple chemical processes and formulations, with cost-effectiveness and consistent quality supporting its widespread usage in technical and industrial applications.

Identifiers and Classification:

  • CAS No – 107-21-1
  • HS Code – 29053100
  • Molecular Formula – Câ‚‚H₆Oâ‚‚
  • Molecular Weight[g/mol] – 62.07 g/mol


Mono Ethylene Glycol Synonyms:

  • MEG
  • Ethylene Glycol
  • 1,2-Ethanediol
  • Ethane-1,2-diol
  • 1,2-Dihydroxyethane
  • Glycol
  • EG
  • Industrial Glycol
  • MEG Glycol


Mono Ethylene Glycol (MEG) Grades Specific Price Assessment:

  • Purity:99.8% Grade Price Trend
  • Purity:99.9% Grade Price Trend


Mono Ethylene Glycol (MEG) Global Trade and Shipment Terms

  • Quotation Terms (Product & Country Specific): 25-28 MT
  • Packaging Type (Product & Country Specific): ISO Tank


Incoterms Referenced in MEG Price Reporting

Shipping Term  Location  Definition 
FOB Houston  Houston, USA  MEG Export price from USA 
FOB Shuwaikh  Shuwaikh, Kuwait  MEG Export price from Kuwait 
FOB Jeddah  Tokyo, Japan  MEG Export price from Japan 
CIF Shanghai (Saudi Arabia)  Shanghai, China  MEG import price in China from Saudi Arabia 
Ex Shanghai  Shanghai, China  Domestically Traded MEG price in China 
CIF Nhava Sheva (KUWAIT)  Nhava Sheva, India  MEG import price in India from Kuwait 
CIF Laem Chabang (Saudi Arabia)  Laem Chabang, Thailand  MEG import price in Thailand from South Korea 
FD Antwerp  Antwerp, Belgium  Domestically Traded MEG price in Belgium 
FD Hamburg  Hamburg, Germany  Domestically Traded MEG price in Germany 
Ex-Mumbai  Mumbai, India  Domestically Traded MEG price in Mumbai 

*Quotation Terms refers to the quantity range specified for the MEG being quoted or offered in a commercial transaction.

**Packaging Type refers to standard packaging size commonly used for MEG packing, ease of handling, transportation, and storage in industrial and commercial applications.

Key Mono Ethylene Glycol (MEG) Manufacturers

Manufacturers 
Exxon SABIC 
Equate Petrochemical Company (MEGLOBAL) 
Reliance 
INEOS Oxide Antwerp 
Kuwait Petroleum Corporation 
SABIC 
Wanhua Chemical Group 
IOCL 
PetroChina Company Limited 
Hengli group 
Zhejiang Petrochemical 
Petro Rabigh 
The National Industrialization Company (TASNEE) 
Sinochem Quanzhou Petrochemical Co.Ltd. 

Mono Ethylene Glycol (meg) Industrial Applications

Mono Ethylene Glycol Market Share End Use

Historically, several events have caused significant fluctuations in Mono Ethylene Glycol (meg) 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 Price Watchâ„¢?

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

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

Track Price Watch'sâ„¢ mono ethylene glycol (meg) 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.

Mono Ethylene Glycol (meg) Market Price Trend published by Price Watchâ„¢ reflect prevailing spot market conditions, derived from independent research, verified trade inputs, and proprietary market intelligence as of the publication date. Prices are published on the specified Incoterm and represent indicative base market levels, exclusive of applicable taxes, VAT, duties, tariffs, and other statutory charges. Actual transaction values may vary depending on volume, credit terms, contractual structure, and other negotiated conditions. Market prices are inherently subject to volatility, liquidity dynamics, regulatory changes, and evolving trade activity. The information provided is for reference and benchmarking purposes only and does not constitute an offer, recommendation, or guarantee of transactional outcomes. Users should exercise independent commercial judgment and assess their specific contractual, regulatory, tax, and application requirements before making business decisions. Price Watchâ„¢ assumes no liability for decisions taken based on this information.

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.

Mono Ethylene Glycol (MEG) is a key petrochemical used primarily in polyester production, PET resins, and antifreeze formulations. Its price directly impacts costs across textile, packaging, and automotive industries. Price-Watchâ„¢ tracks MEG prices to help businesses stay informed about market movements and cost trends.

MEG prices vary by region, contract type, and delivery terms (FOB, CFR, CIF). Prices are typically quoted per metric ton and fluctuate based on supply-demand dynamics and feedstock costs. Price-Watchâ„¢ provides up-to-date price assessments across key global markets.

MEG prices are influenced by ethylene feedstock costs, operating rates, demand from polyester and PET sectors, global trade flows, and logistics conditions. Seasonal demand from textiles and packaging, plant shutdowns, and regional supply disruptions also impact prices. Recent trends indicate mixed movements depending on polyester demand recovery and crude-linked feedstock direction.

Major consumers include polyester fiber producers, PET resin manufacturers, textile industries, and packaging companies. Beverage bottles, synthetic fibers, and films account for significant demand. Price-Watchâ„¢ tracks consumption trends across these sectors.

MEG is produced at petrochemical plants through the oxidation of ethylene-to-ethylene oxide, followed by hydrolysis to MEG. Production is concentrated in regions with strong petrochemical infrastructure such as Asia, the Middle East, and North America.

Major MEG exporters include Saudi Arabia, Kuwait, and the United States, along with significant export volumes from China. Export dynamics depend on production capacity, domestic demand, and global pricing competitiveness. Price-Watchâ„¢ monitors global trade flows and supply availability.

Overall supply is generally balanced, but temporary tightness can occur due to plant turnarounds, feedstock constraints, or logistics disruptions. Price-Watchâ„¢ closely tracks supply-demand balances to highlight potential shortages or oversupply conditions.

MEG is available in grades such as fiber-grade and industrial-grade. Prices differ based on purity levels, application requirements, and contract terms. Price-Watchâ„¢ provides grade-wise price assessments for better clarity.

A sudden rise in demand often driven by strong polyester or packaging activity can push prices upward, tighten supply, and extend delivery timelines. Price-Watchâ„¢ captures these shifts in real time.

Ethylene is the primary feedstock for MEG production. Any increase in ethylene prices raises production costs, which producers may pass on to buyers. Price-Watchâ„¢ analyses ethylene MEG price correlations to explain cost movements.

Regional prices vary due to feedstock availability, production capacity, energy costs, freight rates, import duties, and local demand levels. Price-Watchâ„¢ tracks regional price differences to highlight market gaps.

MEG price outlook depends on ethylene trends, polyester demand, capacity expansions, and global economic conditions. Price-Watchâ„¢ publishes regular forecasts projecting price direction over the next 12 months.

Yes. Reliable forecasts help businesses plan procurement, manage inventory, negotiate contracts, and control raw material costs. Price-Watchâ„¢ forecasts support better purchasing and budgeting decisions.

Events such as geopolitical tensions, energy price volatility, trade policy changes, or shipping disruptions can affect ethylene supply, production rates, and export flows, leading to price fluctuations. Price-Watchâ„¢ provides timely updates on such developments.

Price-Watchâ„¢ gathers data from producers, traders, and end-users to publish transparent MEG price assessments, market reports, and forecasts helping stakeholders stay ahead of market trends.

Access Real-Time Mono Ethylene Glycol (MEG) Price Trends
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