In October 2025, TEG (Triethylene Glycol) witnessed a diverging price trend across the key global market. TEG price trended upward in United States, European market remained steady while the Asian-Pacific market experienced marginal fluctuations.
In October 2025, fluctuations in the crude oil price were significant. Month started with the bearish tone, whereas in the late month, crude oil prices recovered and trended upward. This trend was mainly driven by the global issues including oversupply amid the tariff war between US and China, and due to the global geopolitical issues. Despite this, the sentiments remain cautious as OPEC+ has decided to increase oil production for December 2025 but will pause further increases during Q1 2026.
In the United States market, prices for the TEG witnessed a bullish trend, increased by 9.55% and reached at USD 1720/MT FOB Houston. This is mainly due to the high production costs and tight supply conditions. Key feedstock ethylene oxide prices increased by 5.53% this month. Adding to the complexity, US TEG market experienced notable operation and logistics disruption.
key units including Indorama Ventures (Clear Lake, Texas) remained closed for the entire month while Shell Global (Geismar, Louisiana) constrained production for early 12 days due to the scheduled maintenance. At the same time, downstream market sentiments were positive due to the higher demand in winter in downstream antifreeze segment and positive market growth across the automotive segment. TEG demand outlook from the downstream Natural gas segment were also positive and are expected to keep rising as Europe seeks alternatives to Russian gas and Asian buyers negotiate long-term US supply commitments.
These scenarios compelled the key players to adjust the domestic prices, INEOS Oxide announced TEG price hike in late October by USD 0.05/lb, keeping the TEG prices high in the month.
In the European market, TEG prices were unchanged this month and remained in Germany at USD 1350/MT CFR Hamburg. This is due to the balanced supply-demand dynamics and weak domestic production costs. Feedstock Ethylene Oxide price declined by 2.04% in the domestic market, influenced by the upstream value chain. Though, analyst forecasts higher TEG prices in coming month, due to the downstream influence in winter.
In the APAC market, TEG prices were balanced with marginal fluctuations. In China, TEG prices 0.72% and reached at USD 1110/MT CFR Qingdao. This is mainly due to the smooth overseas supply condition, insufficient cost support from the feedstock and the steady downstream demand from paints, coating, solvent and resin sector.
