In September 2025, prices for the Triethylene Glycol (TEG) exhibited a varied price trend across the key global market. TEG prices trended upward in the United States market fueled by constrained supply and maintenance activities. Prices remained neutral in the Asian-Pacific despite slight supply and inventory constraint. Weak demand from the downstream paints and coating industries amidst the struggling construction sector were the key factors. European market also observed a balanced market condition amidst the soft demand. Ample inflows in certain regions offset disruptions, maintaining a supply flow that pressured prices downward. Moreover, domestic inventory, feedstock Ethylene Oxide and upstream crude oil prices were also the crucial factors to drive the TEG prices across the key global market in September 2025.
In the United States, prices for the TEG experienced a bullish trend during the month, inclined by 1.29% and reached at USD 1570/MT FOB Houston. This was mainly due to the tight supply conditions as a number of the manufacturing units underwent maintenance shutdown including Formosa Plastics Corporation, Shell Global and Indorama Ventures Petrochemical company. Though the cost support from the feedstock Ethylene Oxide and the upstream crude oil prices were soft during the period. Demand for TEG, especially from the downstream oil and gas dehydration segments, was seen rising during the month, pressuring the prices to rise. Additionally, demand from the downstream paints and coating sectors were also improving coupled with the recovering end use automotive and construction sector.
In Europe, TEG prices witnessed a balanced trend, particularly in the German market where prices stayed at USD 1350/MT CFR Hamburg. This is mainly aligned with the supply demand balance. Supply for the TEG remained ample supported by the smooth inflow. Though, Antwerp based INEOS Group Limited took maintenance shutdown for 16 days during the second half of the month. Demand from the downstream industries were moderately soft, as no aggressive procurement and stockings from the downstream were reported for this period.
Across the APAC market, prices for the TEG remained steady in September 2025, especially in China, where prices stayed at USD 1118/MT CFR Qingdao. Overseas import prices remained steady despite slight tight arrival during the period. Domestic market supply also influenced due to the multiple shutdowns during the month including Hengli Petrochemical Co, and Sinopec Hainan Petrochemical Co., Ltd. due to the typhoon and flood related issues and preventive maintenance shutdown also. Domestic production also remained slight up as prices for the key feedstock Ethylene Oxide improved by 1.29% during the month. Though the supply side issues were offset by the demand conditions which were limited from the downstream industries.
Demand for the TEG from its downstream oil and gas dehydration remained moderate, while the demand for the TEG in other downstream industries including paints, coatings and solvent applications was subdued, coupled with the sluggishness across the end use construction sector.
