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Korea
Saudi Arabia
India
Vietnam
Turkey
IndonesiaQ1 2025
Q1 2025 brought recovery for most exporters. VPEG 2400 from South Korea jumped 9.58% to USD 1094/MT, driven by renewed demand and cost push from upstream markets. Saudi Arabia’s PEG 400 saw a minor rise of 0.57% to USD 948/MT, indicating slow market stabilization. Malaysia maintained its lead with PEG 400 at USD 1100/MT, inching up 0.65% amid steady export volumes. South Korea led in percentage gain, signaling a strong rebound for VPEG, while Malaysia remained the price leader for PEG 400. Overall, Q1 2025 marked a moderate uptrend across all three regions, hinting at a gradual demand resurgence.
Q4 2024
In Q4 2024, prices mostly softened. South Korea’s VPEG 2400 dipped 1.58% to USD 998/MT due to year-end inventory clearances. Saudi Arabia’s PEG 400 slumped sharply by 11.73%, falling to USD 943/MT, hit by reduced demand and aggressive competition. Conversely, Malaysia’s PEG 400 rose slightly by 2.02% to USD 1107/MT, maintaining strong regional footholds. The stark contrast between Saudi’s downturn and Malaysia’s gain highlights diverging export competitiveness. Overall, Q4 witnessed a two-speed market—declining prices for Korean and Saudi products, while Malaysian PEG maintained its premium due to sustained demand and tighter regional availability.
Q3 2024
Q3 2024 presented mixed pricing dynamics. South Korea’s VPEG 2400 prices fell 6.37% to USD 1014/MT, impacted by sluggish Chinese demand and higher competition. In contrast, Saudi Arabia’s PEG 400 surged 6.08% to USD 1068/MT, driven by robust restocking needs. Malaysia posted the strongest growth at 11.52%, with PEG 400 prices rising to USD 1085/MT, aided by consistent orders from ASEAN and South Asian buyers. While VPEG 2400 trended downward, PEG 400 experienced strong upward momentum, especially from Malaysia. This divergence reflects differentiated market positioning and customer base strength across PEG and VPEG exporters.
Q2 2024
Prices rebounded in Q2 2024 across all regions. South Korea’s VPEG 2400 increased 3.84% to USD 1083/MT, supported by better demand recovery. Saudi Arabia’s PEG 400 climbed 5.17% to USD 1007/MT, boosted by increased Gulf and African demand. Malaysia recorded a marginal 0.93% rise to USD 973/MT, reflecting stable regional consumption. Among all, Saudi PEG 400 witnessed the strongest growth momentum, outpacing Malaysia’s modest uptick. Overall, Q2 reflected a mild recovery phase for both PEG and VPEG categories, indicating improved downstream activity and a partial revival of export sentiments across Asian and Middle Eastern markets.
Q1 2024
In Q1 2024, VPEG 2400 exports from South Korea averaged USD 1043/MT, marking a sharp 8.02% decline due to weak demand and reduced feedstock cost. Simultaneously, PEG 400 exports from Saudi Arabia fell 1.76% to USD 958/MT, reflecting mild market corrections. Malaysian PEG 400 saw a steeper drop of 3.70%, averaging USD 964/MT, driven by sluggish regional buying. Overall, the first quarter witnessed a downward pricing trend across all origins, with South Korea facing the largest dip due to lower industrial off-take, while Malaysia and Saudi Arabia adjusted pricing in response to modest export pressures and competitive pricing strategies.
Q1 2025
In Q1 2025, the price of VPEG 2400 imported by India from South Korea surged by 9.01%, reaching USD 1205/MT. The sharp rise was driven by increased demand and tighter supply conditions. As the new year began, industrial production picked up, leading to a spike in VPEG 2400 consumption, particularly in manufacturing sectors. Additionally, higher feedstock costs and logistical constraints contributed to the price increase. South Korean suppliers capitalized on the demand surge, adjusting prices upwards. This increase marks a positive shift for the Indian market, signalling growth and recovery in industrial demand after a challenging 2024.
Q4 2024
In Q4 2024, the price of VPEG 2400 imported by India from South Korea dropped 3.44%, reaching USD 1105/MT. This decline was driven by end-of-year inventory clearing and slower demand as industrial activities wind down. While the fourth quarter usually sees seasonal dips in demand, the continued pressure from rising feedstock prices and global economic uncertainties further impacted pricing. Despite this, Indian buyers maintained stable import levels, focusing on securing cost-effective deals before the year-end. South Korean suppliers were faced with pricing pressure, needing to balance competitiveness while managing their margins.
Q3 2024
In Q3 2024, VPEG 2400 imports into India from South Korea saw a 2.62% decrease, with prices settling at USD 1144/MT. The decline can be attributed to weakening demand as the monsoon season and economic slowdowns in key industrial sectors, including automotive and construction, impacted overall consumption. While the price remained slightly higher than Q1, the softening trend reflected seasonal adjustments and lower buying activity. The market saw buyers opting for cost-effective alternatives, and South Korean suppliers had to adjust pricing to stay competitive despite the softer demand conditions.
Q2 2024
In Q2 2024, the price of VPEG 2400 imported by India from South Korea increased by 4.33%, reaching USD 1175/MT. This rise was driven by stronger demand from the Indian market, coupled with higher input costs for South Korean producers. With a recovery in industrial activity post the first quarter dip, Indian demand for VPEG 2400 surged, particularly in the automotive and packaging sectors. The price uptick reflected the stabilization of global supply chains, and South Korea was able to command higher prices due to its competitive position in the market.
Q1 2024
In Q1 2024, India’s imports of VPEG 2400 from South Korea saw a 3.33% decrease, with the price dropping to USD 1126/MT. The decline was attributed to a slow start to the year, with lower demand from downstream industries, and price corrections following previous quarter highs. Despite this, South Korean suppliers remained competitive in the Indian market, offering price flexibility. Overall, the first quarter experienced a downward trend, with Indian buyers adjusting to market fluctuations and moderate demand, while suppliers from South Korea sought to maintain their market share amidst the global pricing adjustments.
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These events underscore the PEG 400 market’s vulnerability to global disruptions and highlight the need for continuous monitoring of supply-demand dynamics.
This research methodology ensures that PriceWatch delivers the most accurate, timely, and actionable PEG 400 pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.
Molecular Weight[g/mol]
CAS No
HS Code
Molecular Formula
Polyethylene Glycol 400 (PEG 400) is a versatile, water-soluble polymer widely used in various industrial, pharmaceutical, and cosmetic applications. It is synthesized from feedstocks like ethylene oxide (EO) through a chemical reaction water or ethylene glycol (EG). It is highly hygroscopic and exhibits excellent lubricating, emulsifying, and solubilizing properties.
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.
| Component | Unit | Value by weight |
| pH-5% in aq @ 25°C | pH | 4.5 – 7.5 |
| Viscosity @ 210°F (99°C) | cSt | 6.8 – 8.0 |
| Physical State | Liquid | |
| Boiling Point | °C | > 200 (decompose) |
| Melting Point | °C | 4 – 8 |
| Solubility in Water @ 20 °C | wt% | 100 |
| Water | wt% | 0.5 max |
| Acidity, as Acetic Acid | wt% | 0.02 max |
Applications
Polyethylene Glycol 400 (PEG 400) is a versatile, water-soluble polymer used across various industries due to its excellent solubility, lubricating properties, and low viscosity. Below is a combined overview of its key applications in different sectors such as as a solvent and carrier in oral, injectable, and topical pharmaceutical formulations, used as an osmotic laxative, in synthesis of various polymers and as a plasticizer in the production of synthetic rubber.
The pricing of PEG 400 (PEG 400) is influenced by several factors, including fluctuations in raw material costs (such as ethylene oxide (EO)), energy prices, and supply chain dynamics. Additionally, demand from key industries like pharmaceuticals, textiles, and electronics, along with geopolitical events and trade policies, can significantly impact PEG 400 pricing. Procurement heads must monitor these variables to manage costs effectively.
Feedstock availability, particularly for key components like ethylene oxide (EO), directly impacts PEG 400 pricing. Shortages or disruptions in the production of these raw materials, due to factors such as weather conditions, geopolitical tensions, or regulatory changes, can lead to price increases. Conversely, improved feedstock availability can drive prices down, allowing for more cost-effective procurement strategies.
PEG 400 prices can vary significantly by region due to differences in production capacities, raw material costs, and local demand. For example, regions with higher production capabilities, such as South Korea and the Middle East, may offer more competitive pricing compared to Europe or North America. Procurement teams should evaluate regional price variations and consider diversifying sourcing from cost-effective markets to optimize procurement strategies.
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