Price Watch
Buy Now
Book a Demo

Polyethylene Glycol (peg) Price Trend and Forecast

⟳ Weekly Update
|
Historical Data Since 2015
|
Forecast for 2026
  • Commodity Pricing

polyethylene glycol (peg) Price Trends by Country

saSaudi Arabia
inIndia
vnVietnam
trTurkey
idIndonesia
krSouth Korea
myMalaysia

Global polyethylene glycol (peg) Spot Market Prices, Trend Analysis and Forecast

Price-Watch™ provides price assessments for Polyethylene Glycol across top trading regions:

Asia-Pacific

  • Polyethylene Glycol (VPEG 2400) FOB Busan, South Korea
  • Polyethylene Glycol (PEG 400) FOB Port Klang, Malaysia
  • Polyethylene Glycol (VPEG 2400) CIF Nhava Sheva (South Korea), India
  • Polyethylene Glycol (PEG 400) CIF Jakarta (Malaysia), Indonesia
  • Polyethylene Glycol (PEG 400) CIF Haiphong (Malaysia), Vietnam


Middle East

  • Polyethylene Glycol (PEG 400) FOB Jeddah, Saudi Arabia


Europe

  • Polyethylene Glycol (PEG 400) CIF Mersin (Saudi Arabia), Turkey

 

Note: In assessments structured as CIF [Importing Port] (Exporting Country), the country mentioned in brackets indicates the primary origin of supply (exporting country), while the named port refers to the destination port in the importing country. Other Incoterms (FOB, FD, EXW, etc.) should be interpreted in accordance with standard international trade definitions.

Polyethylene Glycol Price Trend Q1 2026

The prices of Polyethylene Glycol (PEG-400) in Q1 2026 have been very volatile; however, there has been an overall upward trend in the month of March, driven by geopolitical events coupled with supply chain disruptions. Prices have been generally stable or lower for most of the quarter since the demand is moderate. However, a surge in prices is observed in March, whereby some regions reported a rise of 46% in prices.

This has been largely influenced by geopolitics, whereby there have been geopolitical uncertainties in the Middle East that have led to disruption in crude oil supplies, thus causing volatility in the energy markets. High prices of raw materials such as ethylene oxide and issues with logistics and supply chains have also played a role in causing volatility in prices.

South Korea: Polyethylene Glycol (VPEG 2400) Export prices FOB Busan, South Korea; Grade- Industrial Grade

Polyethylene Glycol VPEG-2400 price trend in South Korea in Q1 2026 has been bearish with the decline of 2% compared to the previous quarter due to weak demand from key industry sectors such as coatings and cosmetics.

The highest change of VPEG-2400 price in South Korea has taken place in March with a 32% increase in price compared to that observed in February. These changes can be attributed to various reasons that include political instability in Iran, high energy prices, and closure of Lotte’s VPEG plant in South Korea until June due to scheduled maintenance.

Considering these changes, it can be noted that due to political instability that leads to high crude oil prices, coupled with energy prices and local problems related to VPEG plants, it has led to a limited availability of supply. In March 2026, VPEG-2400 price in South Korea has demonstrated the impact of external and internal factors on the price spike in Q1 2026.

Saudi Arabia: Polyethylene Glycol (PEG 400) Export prices FOB Jedah, Saudi Arabia; Grade- Industrial Grade

The Polyethylene Glycol (PEG-400) price in Saudi Arabia for the first quarter of 2026 has witnessed a rise of 3% compared to the preceding quarter, which has mainly been fuelled by a consistent rise in demand in various industries like cosmetics, pharmaceutical, and industrial sectors.

However, there has been a more significant change in the price of PEG-400 in March, where the Polyethylene Glycol price trend in Saudi Arabia has experienced a growth of 35% compared to the preceding month.

In Saudi Arabia, Polyethylene Glycol (PEG-400) price in March 2026 dramatic increase is due to the ongoing geopolitics within the Middle Eastern region, where there has been an increasing tension between Iran and Israel, resulting in a disruption in the transportation of crude oil. Due to rising geopolitical tensions, crude oil prices have become more volatile.

With increasing crude oil prices, there has been an upward shift in the cost of feedstocks like ethylene oxide, thus increasing manufacturing expenses. There have been disruptions in the supply chains of several raw material manufacturers, leading to a shortage of critical raw materials, thus tightening supply and leading to an increase in prices.

Malaysia: Polyethylene Glycol (PEG 400) Export prices FOB Port Kelang, Malaysia; Grade- Industrial Grade

In Q1 2026, Polyethylene Glycol (PEG-400) price trend in Malaysia fell by 2% from the last quarter owing to weakening demand for the commodity from various sectors including cosmetic, pharmaceutical, and industrial. Nevertheless, the most notable development occurred in March, during which the Polyethylene Glycol (PEG-400) price in Malaysia experienced an increase of 30% from the previous month.

The rapid price escalation has been attributed to factors, among which has been the geopolitical issue between Iran and Israel. The political instability resulted in disruptions of the crude oil supply chain, thus triggering an increase in energy prices. As the energy prices rose, the feedstock prices including ethylene oxide rose, leading to increased production costs.

Besides, there are also logistical and supply chain issues that further worsened the situation. In Malaysia, Polyethylene Glycol (PEG-400) price in March 2026 has a considerable impact on the price trend for Polyethylene Glycol (PEG-400).

India: Polyethylene Glycol (VPEG 2400) Import prices CIF Nhava Sheva, India; Grade- Industrial Grade

In Q1 2026, the Polyethylene Glycol (VPEG-2400) price trend in India has increased by 2% compared to the previous quarter, driven by a steady rise in demand from industries like personal care, coatings, and specialty chemicals. However, the most noticeable shift has come in March compared to February, when Polyethylene Glycol VPEG-2400 price in India spiked by 36%.

This surge has largely been a result of global supply chain disruptions, particularly due to the ongoing Iran–Israel conflict in the Middle East. The conflict has created significant volatility in crude oil markets, which in turn has driven up feedstock costs like ethylene oxide. As a result, production and import costs have increased substantially.

On top of this, supply constraints, including plant maintenance shutdowns in South Korea, have tightened the supply of VPEG-2400 to India, further pushing prices higher. In India, Polyethylene Glycol VPEG-2400 price in March 2026 clearly reflects how geopolitical events, rising raw material costs, and supply shortages have combined to drive up prices sharply toward the end of the quarter.

Turkey: Polyethylene Glycol (PEG 400) Import prices CIF Mersin, Turkey; Grade- Industrial Grade

Polyethylene Glycol (PEG-400) prices in Turkey, at the end of Q1 2026 have increased by 6% compared to the previous quarter, due primarily to rising demand from personal care, pharmaceutical and industrial sectors. The month of March showed the largest price increase relative to the month of February; March prices for Polyethylene Glycol (PEG-400) spiked by 46%.

This sharp price increase has been mainly due to disruptions in the global supply chain as a result of geopolitical events, particularly the ongoing Iran–Israel conflict in 2023 that have severely disrupted crude oil supply routes and have caused significant volatility in the energy price markets. The increase in crude oil pricing has also increased feedstock cost such as ethylene oxide and other chemical feedstocks used in producing PEG, which has resulted in increased production and importing costs.

Furthermore, continued logistical disruptions and anticipated product shortages, combined with a tightening global petrochemical market have also exacerbated the situation for pricing. The Polyethylene Glycol (PEG-400) price in Turkey in March 2026 illustrates how increased price due to outside influences like geopolitical instability, high feedstock costs, and supply chain issues have combined to drive prices up significantly at the end of Q1 2026.

Indonesia: Polyethylene Glycol (PEG 400) Import prices CIF Jakarta, Indonesia; Grade- Industrial

In Q1 2026, the Polyethylene Glycol (PEG-400) price trend in Indonesia has dropped by 2% compared to the previous quarter, with demand remaining moderate across key sectors like cosmetics, pharmaceuticals, and industrial applications.

However, the most dramatic price movement occurred in March, when Polyethylene Glycol PEG-400 price in Indonesia surged by 29% compared to last month. This sharp rise has been mainly driven by global supply chain disruptions and geopolitical tensions, particularly the ongoing Iran–Israel conflict. The conflict has affected crude oil supplies, creating significant price volatility in energy markets, which in turn has led to higher feedstock costs such as ethylene oxide.

Additionally, the supply crunch exacerbated by logistical issues and reduced imports from Malaysia has further strained availability in the Indonesian market. In Indonesia, Polyethylene Glycol (PEG-400) price in March 2026 reflects how external factors, including geopolitical instability and feedstock inflation, have led to a sharp price increase at the end of the quarter.

Vietnam: Polyethylene Glycol (PEG 400) Import prices CIF Haiphong, Vietnam; Grade- Industrial Grade

According to Price-Watch™, in Q1 2026, the Polyethylene Glycol (PEG-400) price trend in Vietnam saw a slight decrease of 2% compared to the previous quarter, as demand from key industries such as cosmetics, pharmaceuticals, and industrial applications remained steady but unspectacular. Compared to February, the most significant price movement occurred in March, when the PEG-400 price in Vietnam surged by 30%.

This sudden increase is primarily driven by a mix of global factors, particularly the ongoing Iran–Israel conflict. The conflict has disrupted crude oil supply routes and caused significant volatility in energy prices. As a result, feedstock costs like ethylene oxide have risen sharply, pushing up production and import costs.

In addition to these price hikes, a global supply crunch, amplified by logistical challenges and limited exports from Malaysia, has further constrained availability. In Vietnam, Polyethylene Glycol (PEG-400) price in March 2026 illustrates how geopolitical instability, rising raw material costs, and tightening supply have combined to push prices significantly higher by the end of the quarter.

Polyethylene Glycol (PEG) Price Trend Analysis: Q4 2025

In Q4 2025, PEG-400 is concerned, the market has experienced a reduction in price levels during the period under review, where most of the regions have witnessed decreased buying activities and a higher level of supply. This trend has caused a fall in the prices, since the industries have been focusing on managing their inventories as opposed to making any new purchases in preparation for the festive season. The traditional trend during this period of time has created an atmosphere of stable prices in December. On the other hand, there have been some regions that experienced an increase in prices, because of restocking, which is normally a reaction by companies to prepare themselves for future changes in price trends or possible shortages.

South Korea: Polyethylene Glycol (VPEG 2400) Export prices FOB Busan, South Korea; Grade- Industrial Grade

Vinyl Polyethylene Glycol (VPEG-2400) price trend in South Korea in Q4 2025 observed a decrease of 1% against the third quarter, mostly associated with weakened demand on the part of various industries. In South Korea, VPEG-2400 price in December 2025 declined by 5% against the prior month, which has been quite characteristic for this period since most companies prepare for holidays by limiting purchases and managing inventories. As a result, the level of competitiveness on the market increased due to efforts from manufacturers to eliminate stockpiles. VPEG-2400 price in South Korea in December 2025 demonstrate seasonal dynamics associated with decreased demand and stable supply leading to low prices.

Saudi Arabia: Polyethylene Glycol (PEG 400) Export prices FOB Jedah, Saudi Arabia; Grade- Industrial Grade

Polyethylene Glycol (PEG-400) price trend in Saudi Arabia in Q4 of 2025 has witnessed an increase of 2% relative to the prior quarter owing to the sustained demand in vital industries like personal care and medicines. From December of 2025 relative to November of 2025, there has been a price increase of 2% in Polyethylene Glycol (PEG-400) price in Saudi Arabia, driven by the seasonal restocking as businesses have prepared for the holiday season. The end-of-year approach has led to active inventory purchasing on the part of buyers. In Saudi Arabia, Polyethylene Glycol (PEG-400) price in December 2025 has shown that end-of-the-year purchasing strategies have offered some price support despite the general stability in the market.

Malaysia: Polyethylene Glycol (PEG 400) Export prices FOB Port Kelang, Malaysia; Grade- Industrial Grade

The Polyethylene Glycol (PEG-400) price trend in Malaysia in Q4 2025 has experienced a decline in the prices by 6% from the last quarter, with reduced demand in critical sectors and relatively higher oversupply in the markets. The Polyethylene Glycol (PEG-400) price in Malaysia in December 2025 has maintained its status quo since the previous month, with minimal changes due to reduced production from industries as they prepare for the festive season. In addition, most firms have decided to concentrate on managing inventory in December. In Malaysia, Polyethylene Glycol (PEG-400) price in December 2025 has followed the general year-end pattern, whereby the market environment has become weak due to reduced demand during the festive season.

India: Polyethylene Glycol (VPEG 2400) Import prices CIF Nhava Sheva, India; Grade- Industrial Grade

In Q4 2025, the Vinyl Polyethylene Glycol (VPEG-2400) price trend in India increased slightly by 1% compared to the previous quarter, signalling stable demand and a modest upward trend. However, in December 2025, Polyethylene Glycol VPEG-2400 price in India dropped by 3%, reflecting the usual slowdown in purchasing activity as the year-end approached compared to November month. Many buyers opted to manage their existing inventories and delayed procurement until after the holiday season. This seasonal dip in demand, combined with an overall comfortable supply situation, led to a reduction in prices. In India, Polyethylene Glycol VPEG-2400 price in December 2025 highlights the typical year-end trend, where companies cut back on buying and focus on inventory management, keeping prices under pressure despite a relatively stable market throughout the quarter.

Turkey: Polyethylene Glycol (PEG 400) Import prices CIF Mersin, Turkey; Grade- Industrial Grade

In Q4 2025, the Polyethylene Glycol (PEG-400) price trend in Turkey increased by 2% compared to the previous quarter, driven by steady demand and stable supply conditions. The PEG-400 price in Turkey also rose by 2% in December compared to November, as companies prepared for the holiday season by restocking their inventories. The year-end typically brings about increased purchasing activity as businesses aim to secure their supplies before potential disruptions or price hikes. However, overall demand remained moderate, with buyers adopting a cautious approach. In Turkey, Polyethylene Glycol (PEG-400) price in December 2025 reflects this seasonal restocking pattern, where supply availability remained steady and supported prices despite the overall slower pace of market activity in the lead-up to the holidays.

Indonesia: Polyethylene Glycol (PEG 400) Import prices CIF Jakarta, Indonesia; Grade- Industrial

In Q4 2025, the Polyethylene Glycol (PEG-400) price trend in Indonesia has decreased by 6% compared to the previous quarter, largely due to lower demand from downstream industries and a relatively comfortable supply situation. In December, Polyethylene Glycol PEG-400 price in Indonesia remained stable compared to November month, with no significant change, as buying activity slowed down ahead of the year-end holidays. Many buyers took a more cautious approach, focusing on managing their existing stock rather than making new purchases. In Indonesia, Polyethylene Glycol (PEG-400) price in December 2025 highlights this typical year-end slowdown, where companies typically reduce procurement and adjust inventories, keeping prices steady despite the softer overall market conditions.

Vietnam: Polyethylene Glycol (PEG 400) Import prices CIF Haiphong, Vietnam; Grade- Industrial Grade

In Q4 2025, the Polyethylene Glycol (PEG-400) price trend in Vietnam decreased by 6% compared to the previous quarter, largely due to weaker demand from key industries and an oversupplied market. With the holidays approaching, buyers are more focused on managing their existing inventories and reducing procurement, which contributed to the downward trend. In December, the PEG-400 price in Vietnam remained steady compared to November, showing no change from the previous month, as the market experienced its usual year-end slowdown. In Vietnam, Polyethylene Glycol (PEG-400) price in December 2025 reflects this typical seasonal dip, where buying activity drops and inventory management takes precedence, keeping prices flat despite overall market softness.

In the third quarter of 2025, Polyethylene Glycol (PEG) price trend fell in predominantly all markets (Saudi Arabia, Malaysia, India, Turkey, Indonesia, and Vietnam) due to demand weakness in pharmaceuticals, cosmetics, textiles, and personal care, as well as logistical disruptions, increasing costs of raw materials, and currency fluctuations.

While agricultural chain demand remained solid in some regions, the medium-term indications are somewhat uncertain, and future price developments will depend on further recovery in industrial demand and on supply chain stability in the global marketplace in the meanwhile. Polyethylene Glycol (PEG) prices in September were now also significantly lower than observed in Quarter 2, which suggests further medium-term volatility may lie ahead.

South Korea: Polyethylene Glycol (PEG) (VPEG 2400) Export prices FOB Busan, South Korea, Grade- Industrial Grade.

Polyethylene Glycol (VPEG 2400) prices in South Korea witnessed a notable decrease in the third quarter of 2025, with the declination of 11.46%. This declination in the Polyethylene Glycol (PEG) price trend was observed after increasing slightly by 2.09% in the second quarter of 2025. Demand for Polyethylene Glycol in South Korea was negatively affected by fewer orders in some of the principal end-use sectors, especially for cosmetics and pharmaceuticals, which were experiencing production delays and weak end-use consumption.

In addition, some industries were still grappling with logistical challenges which, together with elevated raw material costs (primarily ethylene oxide), were suppressing Polyethylene Glycol prices. Polyethylene Glycol price trend in September 2025 was considerably lower than the average price in the second quarter of 2025.

Saudi Arabia: Polyethylene Glycol (PEG 400) Export prices FOB Jedah, Saudi Arabia, Grade- Industrial Grade.

In the 3rd Quarter of 2025, Polyethylene Glycol (400) prices declined in Saudi Arabia by 7.68%, after a slight increase of 1.96% in the prior quarter. Demand from the key downstream industries mainly construction and personal care impacted the trend of Polyethylene Glycol (400) price trend in Saudi Arabia, as these industries produced and consumed less with respect to the regional economies they served sustained minimal growth.

The price decline was further impacted by increased import costs, and logistics challenges against the backdrop of unstable pricing for raw materials. Polyethylene Glycol (400) price trend in Saudi Arabia in September 2025 were lower than in the prior quarter. The demand from key sectors in 4th Quarter of 2025 will impact the overall outlook of the market.

Malaysia: Polyethylene Glycol (PEG 400) Export prices FOB Port Kelang, Malaysia, Grade- Industrial Grade.

In Malaysia, the Polyethylene Glycol price fell by 2.00% in Q3 2025 after a slight decline of 0.80% in Q2. The Malaysian Polyethylene Glycol price trend is indicative of decreased demand in the beverage and pharmaceutical industry as both industries are facing reduced production. Also, Polyethylene Glycol (400), is also facing challenges from disruptions in the global supply chain combined with rising freight costs into Malaysia from South Korea.

Demand in the agricultural sector and cosmetics has remained steady. While Polyethylene Glycol (400) September 2025 pricing in Malaysia was below pricing in Q2 2025, the pricing outlook for Q4 2025 is dependent on whether demand has returned to normal and supply chains are back on rolling supply process.

India: Polyethylene Glycol (VPEG 2400) Import prices CIF Nhava Sheva, India, Grade- Industrial Grade.

According to Price-Watch™, In Q3 2025, the Polyethylene Glycol (400) price in India fell 9.67%, after the decline of 1.37% in Q2. The Polyethylene Glycol (PEG) price trend in India has been heavily influenced by weak end-use demand, particularly in pharmaceuticals and cosmetics, which in some cases led to production slowdowns. Furthermore, increases in input costs and exceptionally high transport costs from South Korea added stress to prices.

Additionally, a depreciation of the Indian Rupee added further increases in transportation costs which magnified costs for Indian buyers. Prices of Polyethylene Glycol (400) in September 2025 were well below Q2 price levels. Looking into Q4 2025, the outlook is unpredictable with any price changes influenced by any recovery in demand for key end-use, in addition to any stability in supply fluctuations as a worldwide issue.

Turkey: Polyethylene Glycol (PEG 400) Import prices CIF Mersin, Turkey, Grade- Industrial Grade.

In Q3 2025, polypropylene Glycol (400) prices decreased in Turkey by 7.56%, following a modest upward trend of 1.69% in the previous quarter. The downward trend in the polyethylene glycol price trend was primarily the result of weak demand from its main consuming industries, textiles, and personal care, both commodities recently went through a production slowdown in the second quarter.

The depreciation of the Turkish Lira also puts upward pressure on import pricing from Saudi Arabia, as well as logistics and rising prices of feedstocks, contributing to downward pressure on prices. The price of polyethylene glycol was lower in September 2025 than in Q2, complicating the price outlook for Q4 2025. Continued uncertainty surrounds the price for polyethylene glycol as it will rely heavily on demand recovery and continued stability in the global supply chain backdrop.

Indonesia: Polyethylene Glycol (PEG 400) Import prices CIF Jakarta, Indonesia, Grade- Industrial.

The Polyethylene Glycol prices in Indonesia decreased by 1.84% in Q3 2025, following a 0.77% decrease in Q2. Polyethylene Glycol price trend in Indonesia felt the weight of reduced economic activity and demand for personal care products, pharmaceuticals, and other important consumer sectors that saw a slowdown in production. While elevated shipping costs along with supply chain issues continued to put downward price pressure, imports from Malaysia remained stable.

The weakening value of the Indonesian Rupiah, which had exacerbated the cost of imports, contributed to lower prices. The Polyethylene Glycol (PEG) price trends in September 2025 were lower than in Q2 2025. The Polyethylene Glycol (PEG) price outlook for Q4 will depend on the recovery of demand from key industrial sectors, as well as the continued logistical or other challenges impacting Indonesia.

Vietnam: Polyethylene Glycol (PEG 400) Import prices CIF Haiphong, Vietnam, Grade- Industrial Grade.

Polyethylene Glycol (400) prices in Vietnam decreased by 1.99% in Q3 2025, following a decline of 1.53% in Q2. The Polyethylene Glycol (400) price trend in Vietnam was impacted by ongoing lower demand from the textile and pharmaceutical sectors, which continue to see a drop in production.

While imports from Malaysia were stable, rising container shipping charges and supply chain interruptions contributed upward pressure to prices. The depreciation of the Vietnamese Dong against the major currencies also contributed to higher import costs and prices. Polyethylene Glycol (400) prices were lower in September 2025 compared to Q2.

According to the PriceWatch, the prices of PEG 400 from South Korea, Saudi Arabia, and Malaysia showed mixed trends in Q2 2025. South Korea’s prices increased to 1,116 USD per metric ton, reflecting a 2.09% rise due to steady demand in the cosmetics and pharmaceutical industries. The price trend benefitted from strong exports to Vietnam and Indonesia.

Saudi Arabia’s prices rose to 967 USD per metric ton, a 1.96% increase, with steady demand from Turkey and a slight impact from higher ethylene oxide costs. Despite the rise in feedstock prices, Saudi Arabia maintained price stability due to competitive production costs.

In contrast, Malaysia saw a slight decline in prices to 1,091 USD per MT, a 0.80% decrease, driven by lower demand from Vietnam and Indonesia. Malaysian producers focused on maintaining competitiveness through improved production efficiency, though the market remained weaker than the other two exporters. 

According to the PriceWatch, the price of PEG 400 imported to India from South Korea decreased slightly to 1,188 USD per metric ton in Q2 2025, reflecting a 1.37% drop from Q1 2025. This price decline is primarily attributed to a slowdown in downstream demand in India particularly in the personal care and pharmaceutical industries, which typically experience seasonal fluctuations during the second quarter.

The price trend also reflects adjustments in feedstock costs, particularly ethylene oxide, which saw a minor dip, contributing to a reduction in overall production costs. The price trend for India indicates a stable supply from South Korea despite these changes.

The price trend suggests that despite the slight decrease, the demand for PEG 400 remains steady, with imports continuing from South Korea which maintains a competitive position in the market. However, compared to Q1 2025, the market sentiment in India has softened, largely due to the seasonal effects on consumption. 

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. 

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. 

Polyethylene Glycol (PEG) Price Trend Analysis: 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. 

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 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. 

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. 

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. 

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. 

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. 

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. 

Technical Specifications of Polyethylene Glycol (peg) Price Trends

Product Description

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.

Identifiers and Classification:

  • CAS No – 25322-68-3
  • HS Code – 39072990
  • Molecular Formula – C₂₀H₄₂O₁₃
  • Molecular Weight (in gm/mol) – 380–420


Polyethylene Glycol (400) Synonyms:

  • PEG 400
  • Polyethylene Oxide (PEO) 400
  • Macrogol 400


Polyethylene Glycol (400) Grades Specific Price Assessment:

  • Polyethylene Glycol (VPEG 2400), (PEG 400)


Polyethylene Glycol (400) Global Trade and Shipment Terms

  • Quotation Terms (Product & Country Specific): 25-28 MT
  • Packaging Type (Product & Country Specific): 25 Kg Bag, 230 Kg Drum


Incoterms Referenced in Polyethylene Glycol (400) Price Reporting

Shipping Term  Location  Definition 
FOB South Korea  Busan, South Korea  Polyethylene Glycol (VPEG-2400) Export price from South Korea 
FOB Saudi Arabia  Jeddah, Saudi Arabia  Polyethylene Glycol (400) Export price from Saudi Arabia 
FOB Malaysia  Port Kelang, Malaysia  Polyethylene Glycol (400) Export price from Malaysia 
CIF Nhava Sheva (South Korea)  Nhava Sheva, India  Polyethylene Glycol (400) Import price in India from South Korea 
CIF Mersin (Turkey)  Mersin, Turkey  Polyethylene Glycol (400) Import price in Turkey from Saudi Arabia 
CIF Jakarta (Malaysia)  Jakarta, Indonesia  Polyethylene Glycol (400) Import price in Jakarta from Malaysia 
CIF Haiphong (Malaysia)  Haiphong, Vietnam  Polyethylene Glycol (400) Import price in Vietnam from Malaysia 

*Quotation Terms refers to the quantity range specified for the Polyethylene Glycol (400) being quoted or offered in a commercial transaction.

**Packaging Type refers to standard packaging size commonly used for Polyethylene Glycol (400) packing, ease of handling, transportation, and storage in industrial and commercial applications.


Key Polyethylene Glycol (400) Manufacturers

Manufacturer 
Lotte Chemicals 
Unid Global Corporation 
SABIC 
Petronas Chemicals 

Polyethylene Glycol (peg) Industrial Applications

Polyethylene-glycol-market-share-end-user

Historically, several events have caused significant fluctuations in Polyethylene Glycol (peg) prices

  • Surplus inventories: Periods of oversupply in the market which lead to price drops. For example, increased production capacity by major manufacturers can saturate the market and reduce prices. 
  • Pandemic Impact (2020-2021): The global COVID-19 pandemic led to disruptions in supply chains and changes in demand patterns. Saudi Arabia and China, as a major producer, faced challenges that affected PEG 400 production and pricing. 
  • Geopolitical Tensions (2018-2019): U.S.-China trade wars caused price instability due to disrupted supply chains. 
  • Changes in Trade Policies: Saudi Arabia’s trade agreements or policy changes regarding the export and import of chemicals can impact PEG 400 prices. For instance, new trade agreements or tariffs can alter market dynamics. 
  • U.S.-China Trade War (2018-2019): Trade disputes and tariffs imposed between the U.S. and China affected the chemical industry, including PEG 400. Tariffs on chemical imports and exports impacted market dynamics and pricing. 
  • Supply Chain Issues: Disruptions in the supply of key raw materials for PEG 400 production, such as methanol and carbon monoxide, due to domestic and international factors have influenced PEG 400 prices. 
  • Oil Price Crises (e.g., 1973, 1980s, 2014-2016): As a major oil producer, Saudi Arabia’s oil price fluctuations impact the cost of raw materials and energy used in PEG 400 production. Sharp oscillations in crude oil prices which indirectly influenced the chemical production costs and PEG 400 prices. 


These events underscore the PEG 400 market’s vulnerability to global disruptions and highlight the need for continuous monitoring of supply-demand dynamics. 

Why Price Watch™?

Price Watch™ is your trusted resource for tracking global polyethylene glycol (peg) price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the polyethylene glycol (peg) market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, Price Watch™ 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 polyethylene glycol (peg) prices worldwide. Stay ahead of the curve with Price Watch’s™ reliable, accurate, and timely polyethylene glycol (peg) market data.

Track Price Watch's™ polyethylene glycol (peg) 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.

Polyethylene Glycol (peg) Market Price Trend published by 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ 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 𝐖𝐚𝐭𝐜𝐡™ assumes no liability for decisions taken based on this information.

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.

Polyethylene Glycol (PEG-400) is a water-soluble polymer used in a variety of industries, including pharmaceuticals, cosmetics, food, and industrial applications. It serves as a lubricant, surfactant, and solubilizer in many formulations. PEG-400’s price is significant because it affects the cost of production for personal care products, pharmaceuticals, food additives, and other applications. Fluctuations in PEG-400 pricing can have a cascading effect on the cost structure of industries relying on it as a key ingredient. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ monitors PEG-400 prices to provide businesses with accurate market trends.

PEG-400 prices are typically quoted per metric ton and can fluctuate based on factors such as feedstock availability, demand, and regional market conditions. Prices are influenced by global polyethylene glycol supply chains, feedstock costs (ethylene oxide), energy prices, and demand from pharmaceutical, cosmetic, and food industries. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ provides real-time price assessments across key markets to help businesses make informed decisions.

PEG-400 prices are impacted by fluctuations in feedstock costs (especially ethylene oxide), energy prices, and demand from key industries, including pharmaceuticals, cosmetics, and food. Other factors, such as production capacity, supply chain disruptions, and macroeconomic conditions (e.g., inflation and global trade), can also affect pricing. Seasonal demand for cosmetics and pharmaceutical products often creates price volatility. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ closely tracks these factors to provide accurate pricing insights.

The largest consumers of PEG-400 are the pharmaceutical and personal care industries. In pharmaceuticals, it is used as a solvent, vehicle for drugs, and in ointments. In personal care, PEG-400 is used in lotions, creams, shampoos, and toothpaste for its emulsifying and moisture-retention properties. It is also used in the food industry as an additive, as well as in industrial applications like lubricants and surfactants. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ tracks demand trends from these industries to assess market behavior.

PEG-400 is produced through the polymerization of ethylene oxide (EO), a chemical derived from petroleum-based products. The polymerization process results in the formation of polyethylene glycol with a molecular weight of 400. PEG-400 is manufactured in chemical plants by major chemical companies that specialize in ethylene oxide derivatives.

Major exporters of PEG-400 include countries with strong chemical production capacities, such as China, Saudi Arabia , Malaysia, United States, and European countries like Germany. These nations produce large quantities of PEG-400 and supply it to global markets, particularly in Asia, North America, and Europe. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ tracks global trade flows and production capacities to monitor the movement of PEG-400 across international markets.

Global supply of PEG-400 generally meets demand, but regional shortages can occur due to production disruptions, feedstock constraints, or unexpected demand spikes. For instance, pharmaceutical demand can surge during flu seasons, or cosmetic industry demand can fluctuate with changing consumer trends. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ monitors supply-demand dynamics and alerts the market when potential imbalances arise.

PEG-400 is available in different grades, with variations in purity levels and intended applications. Pharmaceutical-grade PEG-400, required for drug formulations, is typically more expensive due to higher purity standards. Industrial and cosmetic grades are priced lower as they have fewer quality requirements. Prices can also differ based on packaging, handling, and logistics costs. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ offers detailed price assessments for each grade to maintain transparency in the market.

When demand for PEG-400 rises, typically driven by growth in the pharmaceutical, cosmetic, or food sectors, prices generally increase. Suppliers may prioritize long-term contracts, while spot buyers might face higher prices or longer lead times. The impact of sudden demand spikes may also be exacerbated by feedstock constraints or production capacity limitations. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ tracks these shifts in real time to provide businesses with accurate pricing insights.

Energy costs are a significant factor in the production of PEG-400, especially in the manufacturing process that involves the polymerization of ethylene oxide. When energy prices (natural gas, electricity) increase, production costs rise, which is typically passed on to consumers, leading to higher PEG-400 prices. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ monitors energy price fluctuations and incorporates them into its pricing assessments to provide an accurate market view.

Regional price differences are driven by factors such as local production capacity, feedstock costs, energy prices, transportation expenses, and demand levels in the pharmaceutical, cosmetic, and food industries. Areas with limited production facilities or higher logistical costs tend to have higher prices, while regions with large-scale production complexes and favorable feedstock economics often have lower prices. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ tracks these regional variations to give businesses a comprehensive view of the market.

The forecast for PEG-400 prices depends on several factors, including feedstock availability (ethylene oxide), energy prices, production capacity expansions, and demand from downstream industries. Seasonal demand in the cosmetic and pharmaceutical sectors, as well as global economic conditions, will also play a role in shaping the pricing outlook. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ provides detailed forecasts based on these key drivers to help businesses prepare for market changes.

Yes, accurate price forecasts enable businesses to make better purchasing decisions, optimize procurement strategies, and budget more effectively. For example, if a forecast predicts rising prices due to increased feedstock costs or seasonal demand surges, businesses may choose to purchase in advance or lock in favorable contracts. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ delivers insights that help businesses stay ahead of market trends.

Global events such as natural disasters, geopolitical tensions, or feedstock supply disruptions can cause production delays and shipping bottlenecks, leading to price volatility for PEG-400. For example, disruptions in the ethylene oxide supply chain or energy price hikes can affect the production and availability of PEG-400, resulting in price fluctuations. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ provides timely updates to help businesses manage such uncertainties.

𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ collects data from global manufacturers, distributors, and buyers to provide accurate price assessments for PEG-400. Our detailed market reports and forecasts make us a trusted source for understanding PEG-400 pricing trends, helping businesses make informed purchasing and production decisions.

Access Real-Time Polyethylene Glycol (peg) Price Trends
Access Real-Time Polyethylene Glycol (peg) Price Trends