For the Quarter Ending December 2025
North America
• In USA, the Mono Ethylene Glycol Price Index fell by 15.6957% quarter-over-quarter, reflecting ample Gulf supply.
• The average Mono Ethylene Glycol price for the quarter was approximately USD 347.33/MT, weighted by volume.
• Mono Ethylene Glycol Spot Price weakened amid sustained inventories and softer feedstock ethylene oxide costs reducing support.
• Mono Ethylene Glycol Demand Outlook remained muted as PET and polyester converters purchased hand-to-mouth, limiting restocking during the late winter.
• Mono Ethylene Glycol Price Index volatility increased on logistics disruptions and tariff changes boosting domestic booking.
• Inventories and weak exports pressured offers while reliable Gulf Coast operations maintained output, encouraging seller discounting.
• Buyers tracked Mono Ethylene Glycol Price Forecast and spot availability, aligning procurement tightly to immediate consumption.
• Mono Ethylene Glycol Price Forecast indicates modest near-term downside before seasonal restocking provides recovery in Q1.
Why did the price of Mono Ethylene Glycol change in December 2025 in North America?
• Ample inventory coupled with steady domestic operation and weak overseas exports supported the prices to decline.
• Soft feedstock ethylene oxide and lower upstream crude reduced cost support, enabling further MEG downside during the quarter.
APAC
• In Japan, Mono Ethylene Glycol Price Index fell by 6.39% quarter-over-quarter, amid weak downstream demand.
• The average Mono Ethylene Glycol price for the quarter was approximately USD 620.33/MT.
• Mono Ethylene Glycol Price Index remained pressured as imports outpaced regional PET offtake.
• Mono Ethylene Glycol Spot Price traded rangebound near import parity, supported by comfortable inventory levels.
• Mono Ethylene Glycol Production Cost Trend showed limited pressure from slightly firmer naphtha and crude.
• Mono Ethylene Glycol Demand Outlook remains subdued, downstream PET and polyester restocking delayed further.
• Mono Ethylene Glycol Price Forecast suggests modest recovery early 2026 if pre-holiday restocking materialises soon.
• Regional inventories remained comfortable, export demand muted, while major producers operated normally despite localized maintenance.
Why did the price of Mono Ethylene Glycol change in December 2025 APAC?
• Abundant imports and comfortable inventories reduced seller urgency, pressuring MEG prices import-reliant market.
• Subdued PET and polyester demand and muted export activity constrained offtake and pricing.
Europe
• In Germany, the Mono Ethylene Glycol Price Index fell by 2.10% quarter-over-quarter, weak demand pressure.
• The average Mono Ethylene Glycol price for the quarter was approximately USD 637.67/MT.
• Mono Ethylene Glycol spot prices stayed under pressure during the quarter, as balanced import arrivals and cautious converter buying limited upside.
• The Mono Ethylene Glycol production cost trend softened, with lower ethylene oxide feedstock and weaker crude benchmarks reducing cost support.
• The Mono Ethylene Glycol demand outlook remained subdued, weighed down by weak PET offtake and conservative procurement behaviour.
• Price Index stability reflected ample inventories, steady Middle East inflows, and muted spot buying, anchoring prices at lower levels.
• Regional port delays and maintenance disruptions were insufficient to tighten supply, as exporters continued shipments and kept market liquidity comfortable.
• The Mono Ethylene Glycol price forecast for early 2026 remains cautious, with only limited recovery expected from seasonal restocking activity.
Why did the price of Mono Ethylene Glycol change in December 2025 in Europe?
• Subdued downstream PET activity reduced offtake, leaving ample inventories and pressuring spot liquidity across Europe.
• Feedstock ethylene oxide and crude softened slightly, easing production costs while ports experienced intermittent delays.
• Lower export offers from key producers plus cautious buyers restocking limited upward momentum during December.
MEA
• In Saudi Arabia, the Mono Ethylene Glycol Price Index fell by 7.77% quarter-over-quarter, reflecting oversupply.
• The average Mono Ethylene Glycol price for the quarter was approximately USD 459.00/MT FOB Riyadh.
• Strong domestic output kept Mono Ethylene Glycol Spot Price anchored amid muted exports and inventories.
• Weaker crude and ethylene softened producers' margins, impacting Mono Ethylene Glycol Production Cost Trend downward.
• Regional polyester demand softness constrained offtake and weakened Mono Ethylene Glycol Demand Outlook for exporters.
• Port logistics stability and uninterrupted operations prevented supply shocks, tempering Mono Ethylene Glycol market volatility.
• Analysts see the Mono Ethylene Glycol Price Forecast indicating modest recovery as seasonal buying resumes.
Why did the price of Mono Ethylene Glycol change in December 2025 in MEA?
• Balanced domestic supply, steady plant run rates kept inventory ample despite weak Asian export demand.
• Insufficient upstream cost support from lower crude and ethylene oxide limited upward pressure on pricing.
South America
• In Brazil, the Mono Ethylene Glycol Price Index fell by 13.01% quarter-over-quarter, driven by ample imports.
• The average Mono Ethylene Glycol price for the quarter was approximately USD 432.33/MT, reflecting importer-led flows.
• Mono Ethylene Glycol Spot Price weakness mirrored the lower Price Index, pressured by uninterrupted imports.
• Mono Ethylene Glycol Production Cost Trend remained subdued, limiting cost-push and restraining upward movement in the Price Index.
• Mono Ethylene Glycol Demand Outlook shows cautious PET sector procurement, moderating offtake and softening Price Index momentum.
• Elevated inventories with full domestic runs maintained downward pressure on Mono Ethylene Glycol Price Index.
• Terminal congestion increased landed-cost volatility while ample vessel capacity preserved import arbitrage for the Mono Ethylene Glycol Spot Price.
• Mono Ethylene Glycol Price Forecast indicates modest recovery early next year, driven by seasonality and inventory normalization.
Why did the price of Mono Ethylene Glycol change in December 2025 in South America?
• Sustained import inflows and full domestic runs created oversupply, pressuring December MEG Price Index downward.
• Weak PET sector demand limited offtake at year-end, reducing purchases and softening MEG Spot Price.
• Soft upstream crude and import pricing reduced cost-push, constraining upward pressure on MEG Price Index.
For the Quarter Ending September 2025
North America
• In the USA, the Mono Ethylene Glycol Price Index fell by 2.6% quarter-over-quarter, PET weakness.
• The average Mono Ethylene Glycol price this quarter was USD 412.00/MT across US spot channels.
• Mono Ethylene Glycol Spot Price lacked momentum as inventories increased.
• Mono Ethylene Glycol Price Forecast suggests range-bound trading, contingent on outages and export demand recovery.
• Mono Ethylene Glycol Demand Outlook remains subdued with PET procurement cautious, limiting spot market rebounds.
• Mono Ethylene Glycol Price Index recovered due to outages, yet elevated inventories capped price gains.
• Plant restarts and US tariff effects redirected flows, influencing Mono Ethylene Glycol Spot Price dynamics.
Why did the price of Mono Ethylene Glycol change in September 2025 in North America?
• Weak offtake from downstream PET and cautious buying restrained demand, contributing to subdued Price Index in September.
• Logistics bottlenecks and tariff-related trade frictions limited exports, increasing inventories and pressuring spot pricing.
APAC
• In Japan, the Mono Ethylene Glycol Price Index fell by 21.55% quarter-over-quarter, reflecting ample supply.
• The average Mono Ethylene Glycol price for the quarter was approximately USD 662.67/MT, reported levels.
• Mono Ethylene Glycol Spot Price eased amid ample arrivals and subdued PET buying, pressuring domestic market levels.
• Mono Ethylene Glycol Price Forecast suggests limited upside as restarts and inventories balance supply demand.
• Mono Ethylene Glycol Production Cost influenced by the crude oil prices.
• Mono Ethylene Glycol Demand Outlook shows restrained PET and polyester offtake, elevated inventories limiting buying.
• Inventory builds and normalized arrivals subdued export demand, pressuring the Mono Ethylene Glycol Price Index.
• Producer restarts increased output, sustaining supply and keeping the Mono Ethylene Glycol Price Index subdued.
Why did the price of Mono Ethylene Glycol change in September 2025 in APAC?
• Ample supply from restarts domestic units and imports expanded inventories in Japan, outweighing seasonal PET demand improvements.
• Limited cost pressures from feedstock, while lower crude softened import valuations slightly further.
• Logistics normalization and tariffs influenced export of downstream PET and buyer caution, suppressing transactional demand and prices for MEG.
Europe
• In Germany, the Mono Ethylene Glycol Price Index fell by 13.96% quarter-over-quarter, reflecting abundant supply.
• The average Mono Ethylene Glycol price for the quarter was approximately USD 651.33/MT, FD Hamburg.
• Mono Ethylene Glycol Spot Price softened as import inflows and ample inventories pressured transactional activity.
• Mono Ethylene Glycol Price Forecast indicates limited upside near term as demand remains uncertain globally.
• Mono Ethylene Glycol Production Cost Trend was weak due to limited pressure from feedstock ethylene oxide and upstream crude oil prices.
• Mono Ethylene Glycol Demand Outlook shows weak PET offtake ahead of seasonal restocking, cautious buying.
• Import flows and inventories pressured the Mono Ethylene Glycol Price Index, prompting supplier discounting actions.
• Exporter disruptions intermittently tightened supply, briefly lifting the Mono Ethylene Glycol Spot Price before corrections.
Why did the price of Mono Ethylene Glycol change in September 2025 in Europe?
• Elevated imports and ample inventories outpaced PET demand, creating downward pressure on domestic selling prices.
• Soft ethylene oxide costs provided limited cost support, while crude price movements influenced production expenses.
MEA
• In Saudi Arabia, the Mono Ethylene Glycol Price Index rose marginally, quarter-over-quarter, reflecting stability across the market.
• The average Mono Ethylene Glycol price for the quarter was approximately USD 497.67/MT reported regionally.
• Mono Ethylene Glycol Price Forecast shows modest volatility with small gains possible if export procurement from Asia improves.
• Mono Ethylene Glycol Production Cost Trend remained stable, supported by steady ethylene and ethylene oxide feedstock pricing.
• Mono Ethylene Glycol Demand Outlook weak from Asia due to monsoon and tariff impacts, limiting export nominations.
• Mono Ethylene Glycol Price Index pressure eased as domestic inventories recovered post-maintenance, while exports remained subdued.
Why did the price of Mono Ethylene Glycol change in September 2025 in MEA?
• Resumption of domestic plants increased supply while Asian monsoon and tariffs reduced offshore demand, local key players adjusted the prices strategically.
• Policy moves and tariffs dented Asian procurement; inventory build-up plus subdued PET demand sustained bearish momentum, though the prices witnessed steadiness overall.
South America
• In Brazil, the Mono Ethylene Glycol Price Index fell by 2.80% quarter-over-quarter, reflecting import-driven oversupply.
• The average Mono Ethylene Glycol price for the quarter was approximately USD 497.00/MT, CFR Santos.
• Mono Ethylene Glycol Spot Price remained range-bound amid steady imports, inventories, and subdued PET demand.
• Mono Ethylene Glycol Production Cost Trend softened; volatile crude and feedstock EO fluctuations pressured margins.
• Mono Ethylene Glycol Demand Outlook shows cautious buying from PET converters, limiting upside despite restocking.
• Mono Ethylene Glycol Price Forecast suggests volatility, with modest upside if supply tightens during maintenance.
Why did the price of Mono Ethylene Glycol change in September 2025 in South America?
• Elevated U.S. exports and resumed domestic production increased available volumes, pressuring local Brazilian price margins.
• Feedstock and crude volatility increased production costs, applying upward pressure on Mono Ethylene Glycol benchmarks.
For the Quarter Ending June 2025
North America
North America Mono Ethylene Glycol (MEG) Spot Price declined during the Q2 2025, especially in the US market where it declined by 4.8%, settling at USD 460/MT FOB US Gulf in June.
• The bearish price trend was driven by persistent oversupply, elevated inventory levels, and subdued demand from the PET segment, especially in April and early May. Downstream buyers leaned on existing stocks amid weak consumer sentiment and cautious procurement.
• The restart of key plants—including Formosa and Nan Ya Plastics—alongside stable feedstock Ethylene Oxide availability and declining upstream crude prices further pressured MEG values.
• U.S. MEG prices hit a quarterly low in mid-May, weighed by limited export flows to China due to tariffs, sluggish regional offtake, and muted PET resin consumption despite steady operations.
• A short-lived bullish correction from late May to early June was driven by temporary supply constraints, including Force Majeure declarations at Gulf Coast and Canadian facilities (Lotte Chemical, Shell Canada) and scheduled turnarounds at MEGlobal and Indorama, all of which tightened regional availability.
• Despite improved seasonal demand and tariff easing with China in June, overseas interest remained limited, with regional players like Saudi Arabia and Kuwait covering Asia’s needs.
Why did the price of MEG change in July 2025 in the North America region?
• In July 2025, the Monoethylene Glycol (MEG) Price Index in North America declined due to oversupply and muted downstream demand, especially from the PET sector.
• The MEG Production Cost Trend remained subdued as upstream crude oil values softened, while domestic output increased.
• The MEG Price Forecast indicates continued downward pressure, with logistical constraints at key U.S. ports and limited export interest from Asia further weakening market sentiment.
APAC
• APAC – Mono Ethylene Glycol (MEG) Price rose during the Q2 2025 especially in the South Korea where it rose by 1.7%, settling at USD 539/MT CFR Busan in June.
• The bullish price trend was driven by tight regional supply amid force majeure events at Lotte Chemical and LG Chem in South Korea, coupled with prolonged maintenance at Middle Eastern units (e.g., JUPC, Sharq, and Saudi Kayan).
• Early-quarter price gains were reinforced by forward buying ahead of global turnaround schedules and PET sector restocking, particularly for beverage and packaging use.
• Supply constraints moderated mid-quarter as Saudi and Chinese units resumed operations, yet rising import costs, especially from the Middle East, and firm logistics expenses supported price resilience.
• Demand fundamentals remained mixed; while PET offtake improved seasonally, polyester consumption was capped by sluggish textile and apparel sectors and trade uncertainty driven by US-China tariff tensions.
Why did the price of MEG change in July 2025 in the APAC region?
• In July 2025, the Monoethylene Glycol (MEG) Price Index in the APAC region declined due to improved supply availability and muted demand growth.
• The MEG Production Cost Trend weakened as upstream crude oil values softened and Middle Eastern import prices declined, while regional plant restarts further boosted inventory levels.
Europe:
• European Mono Ethylene Glycol (MEG) Prices witnessed a bearish trend during the Q2 2025 especially in Germany were declined by 7.6%, settling at USD 710/MT FD Hamburg in June.
• The bearish pricing trend was driven by weak downstream PET resin demand, persistent oversupply, and logistical bottlenecks across North European ports
• Supply remained up throughout Q2, supported by steady domestic production and enough import inflows from the US and Middle East. Minor disruptions, such as short-term maintenance at INEOS Belgium, had negligible market impact.
• Ethylene Oxide feedstock prices declined marginally in June, offering limited cost support. Inventory accumulation intensified in May as downstream procurement slowed, particularly in the polyester and antifreeze sectors.
• Demand fundamentals stayed soft across the quarter. MEG consumption in Germany was constrained by low PET production due to high r-PET substitution and conservative restocking behavior by converters.
Why did the price of MEG change in July 2025 in the European region?
• In July 2025, the Monoethylene Glycol (MEG) Price Index in Europe declined due to persistent market oversupply and weak downstream demand, particularly in the PET segment.
• The MEG Production Cost Trend remained subdued, with ample inflows from the Middle East and diverted cargoes from the U.S., while upstream crude oil values stayed soft.
• The MEG Price Forecast suggests continued bearish sentiment, as logistical inefficiencies, high inventories, and cautious procurement behavior limit price recovery despite seasonal consumption support.
MEA:
• MEA Mono Ethylene Glycol (MEG) Price declined during the Q2 2025 especially in the Saudi Arabian market where it dropped by 13.4%, settling at USD 490/MT FOB Riyadh in June.
• The bearish quarterly trend was driven by prolonged supply overhang and sluggish demand from Asian downstream sectors.
• Regional supply strengthened post-Ramadan as major producers like Sharq, JUPC, and Saudi Kayan resumed operations. Additional output, coupled with soft Ethylene Oxide costs and weakened upstream crude, suppressed production costs but did not stimulate demand.
• Export performance remained muted across Q2, particularly toward China and Southeast Asia, where downstream PET and polyester consumption faltered amid U.S.–China trade tensions, tariff volatility, and oversupplied inventories.
• Although brief bullish corrections were observed in late May and mid-June—driven by plant maintenance, tighter Chinese imports, and geopolitical events such as Iranian MEG unit shutdowns—overall market sentiment remained weak.
Why did the price of MEG change in July 2025 in the MEA region?
• In July 2025, the Monoethylene Glycol (MEG) Price Index in MEA faced downward pressure due to sluggish global demand and bearish sentiment tied to upcoming trade policy changes.
• The MEG Production Cost Trend remained soft amid weaker upstream crude oil benchmarks and recovering plant operations following maintenance shutdowns, which led to increased domestic availability.
• The MEG Price Forecast signals continued weakness, as reduced Asian buying interest and proposed U.S. tariffs on imports from Japan and South Korea further discourage procurement activity.
South America
• South America Mono Ethylene Glycol (MEG) Price declined during the Q2 2025 especially in the Brazilian market where it declined by 6.3% and settling at USD 520/MT CFR Santos in June.
• The bearish trend was driven by oversupply conditions and sluggish demand from Brazil's PET sector. Ample inventory buildup—sustained by steady inflows from the U.S., where production remained resilient despite scheduled shutdowns—kept market fundamentals loose through most of Q2.
• Prices saw consistent pressure through April and early May, reflecting weak cost support from upstream Ethylene Oxide and falling WTI crude oil prices. The resumption of operations at U.S. producers like Formosa and Nan Ya Plastics further added to global MEG availability.
• Although MEGlobal’s Texas plant underwent planned maintenance in May, surplus supply across the U.S. and subdued exports to China drove increased cargo volumes toward South America, weighing on regional offers. Consequently, MEG prices fell to a low of USD 460/MT CFR Santos by mid-May.
• June saw modest price recovery as production disruptions in North America, Force Majeure declarations (Lotte Chemical, Shell Canada), and port congestion in the U.S. tightened short-term availability. Despite this, weak downstream PET demand and cautious procurement in Brazil capped upside momentum.
Why did the price of MEG change in July 2025 in the South America region?
• In July 2025, the Monoethylene Glycol (MEG) Price Index in South America declined due to surplus supply pressures and weakened demand from the PET sector.
• The MEG Production Cost Trend was influenced by softened upstream crude oil values and increased domestic production, while inventory accumulation added to bearish pricing sentiment.
For the Quarter Ending March 2025
North America
In Q1 2025, the North American Mono Ethylene Glycol (MEG) market followed a bullish trajectory, with prices rising steadily across the quarter. January saw a mid-month surge in MEG prices, driven by a sharp increase in Ethylene Oxide (EO) costs and unexpected supply disruptions caused by severe winter storms along the Gulf Coast, particularly impacting facilities in Texas. These disruptions limited production, tightening supply and pushing prices higher despite sluggish demand from the downstream PET sector. Strategic inventory management and restricted logistics further supported price stability.
In February, although some production resumed after the winter weather abated, scheduled maintenance turnarounds at key facilities—including Dow’s Seadrift and Indorama’s Clear Lake plants—continued to restrict spot availability. As a result, prices remained firm. By March, with most plants operating steadily and no major supply shocks, MEG prices stabilized at elevated levels. Downstream demand from the PET industry stayed weak, largely due to rising competition from recycled PET (rPET), yet no significant price decline was observed.
Overall, the U.S. market experienced the most pronounced fluctuations, with MEG prices increasing by 2.4% from the previous quarter. By the end of Q1, prices stood at approximately USD 483/MT FOB US Gulf, reflecting constrained supply and cautious market sentiment.
Europe
In Q1 2025, the Mono Ethylene Glycol (MEG) market in Europe exhibited an overall bullish price trend, shaped by evolving supply-demand fundamentals and global trade dynamics. January commenced with a brief bearish phase in Germany as MEG prices dropped slightly due to weak downstream demand from the PET sector and sluggish industrial activity at the close of 2024. However, the trend reversed toward the end of the month as feedstock Ethylene Oxide costs rose and market activity picked up post-holidays, aided by tighter global supply conditions—particularly U.S. production disruptions caused by extreme weather. This initiated a gradual price recovery. February saw a consecutive price rise driven by modest demand revival from PET packaging and bottled beverage sectors amid seasonally rising temperatures. The EU’s plastic waste policies, promoting rPET over virgin PET, tempered demand growth, but not enough to offset the bullish trend. Supply constraints persisted due to lower imports and a force majeure declared by Lotte in the U.S., which reduced availability. Consequently, MEG prices continued their upward climb. March marked a sharper surge in prices, fueled by persistent supply tightness, logistical bottlenecks at major German ports, and cautious procurement strategies ahead of the peak season. Despite muted downstream demand, anticipation of future consumption and tight inventories supported a strong upward price movement. By the end of Q1, MEG prices in Germany had risen significantly by 17.5% and reached at USD 768/MT FD Hamburg.
APAC
In Q1 2025, the Mono Ethylene Glycol (MEG) market in the Asia-Pacific (APAC) region showcased a mixed performance, marked by early gains followed by a notable downturn in March. During January and February, MEG prices rose steadily, supported by tight supply conditions stemming from delayed restarts of production units in the Middle East and Southeast Asia. These supply constraints, combined with steady demand from the downstream PET sector and modest upticks in crude oil prices, led to price gains in multiple regional markets. Moreover, anticipation of Ramadan-driven and holidays in middle east demand in February lent some strength to market sentiment, while plant maintenance activities in China and the Middle East reduced regional availability, pushing prices upward. However, March witnessed a reversal in the bullish trend as the market turned bearish. Despite stable production costs and adequate inventory levels, MEG prices declined across the APAC region. This shift was largely driven by subdued demand from the PET and polyester segments, influenced by cautious procurement behavior and weakened consumer sentiment. The downward trajectory of global crude oil prices further pressured MEG costs, eroding earlier gains. Concluding Q1, the Indonesian market reflected this regional sentiment, with MEG prices falling to USD 526/MT CFR Tanjung Priok by late quarter.
South America
In Q1 2025, the Mono Ethylene Glycol (MEG) market in South America exhibited a bullish price trajectory, marked by gains in January and February, followed by stabilization in March. The initial surge was primarily driven by supply-side disruptions, despite moderate downstream demand. In January, MEG prices in Brazil rose as freezing weather along the U.S. Gulf Coast triggered plant shutdowns, tightening global supply. This, coupled with rising U.S. production costs, led to limited export availability, supporting price hikes in the region. February saw MEG prices hold firm at elevated levels, with supply pressures persisting despite the gradual recovery of U.S. operations. Although demand from Brazil's PET sector remained subdued due to economic uncertainty and weak consumer sentiment, prices remained stable amid steady import flows and improved port operations in Latin America. By March, MEG prices stabilized as U.S. production normalized and upstream costs, including Ethylene Oxide, declined. Procurement activity remained aligned with consistent downstream production needs, reflecting modest but steady demand. Among South American countries, Brazil experienced the most notable price movements, showcasing resilience through the quarter. MEG prices reached USD 555/MT CFR Santos by the end of March, driven by tight supply conditions and controlled inventory management throughout Q1 2025.
MEA
In Q1 2025, the Mono Ethylene Glycol (MEG) market in the MEA region exhibited a mixed price trend, shaped by fluctuating supply conditions, seasonal demand variations, and shifting macroeconomic dynamics. In January, MEG prices initially declined marginally due to abundant inventories, consistent production, and subdued demand from major importing nations, especially in Asia where PET consumption remained weak post-holiday. However, mid-month, prices rebounded due to maintenance shutdowns at key units like Sharq Unit-4 in Al Jubail and MEGlobal, tightening local supply. Rising global crude oil prices further supported the upward revision. Toward the end of the month, prices surged again, driven by logistical constraints at Middle Eastern ports and increased overseas demand due to weather-induced supply issues in the U.S., culminating in a net price rise for the month. In February, the MEG market registered an upward movement overall, supported by balanced supply and improved domestic manufacturing. Despite ongoing maintenance activities, local inventories remained adequate. Demand remained subdued in the first half, especially from Asia during the Lunar New Year, but picked up modestly later as production resumed. In the end of quarter, prices trended downward, reflecting moderate demand, cautious procurement strategies, and weakening PET consumption in Asia. Despite stable production and expanding Saudi export activity, declining global crude oil prices and logistical slowdowns due to Ramadan dampened overall market momentum. In the MEA region, Saudi Arabia concluded the quarter with MEG prices softening to USD 566/MT FOB Riyadh.
