For the Quarter Ending December 2025
North America
• In the USA, the Diethylene Glycol Price Index fell by 4.3% quarter-over-quarter, reflecting ample import arrivals.
• The average Diethylene Glycol price for the quarter was approximately USD 682.33/MT based on reported transactional totals.
• Diethylene Glycol spot price momentum softened, with the Price Index trending lower amid sustained import inflows and competitive discounting.
• The Diethylene Glycol price forecast points to limited volatility, reflecting balanced inventories and selective, need-based restocking.
• Stable ethylene oxide feedstock costs capped the production cost trend, restricting producers’ ability to push higher offers.
• Ample terminal inventories and steady import arrivals continued to pressure the Price Index, squeezing margins for domestic suppliers and distributors.
• Scheduled maintenance and predictable logistics only marginally tightened prompt supply, offering insufficient support to reverse the bearish tone.
• Soft export demand and tariff adjustments reduced competitive bidding activity, keeping the Diethylene Glycol Price Index subdued across the region.
• The Diethylene Glycol demand outlook remained mixed, as support from automotive and construction was offset by cautious industrial restocking.
Why did the price of Diethylene Glycol change in December 2025 in North America?
• Ample import arrivals and balanced inventories relieved supply tightness, exerting downward pressure on market values.
• Stable ethylene-oxide feedstock costs prevented upward cost pass-through, limiting producers' pricing power during December 2025.
• Seasonal year-end destocking and muted downstream restocking reduced spot bids, keeping downward momentum during the period.
APAC
• In South Korea, the Diethylene Glycol Price Index fell by 10.8% quarter-over-quarter, reflecting sustained oversupply.
• The average Diethylene Glycol price for the quarter was approximately USD 578.33/MT, FOB Busan.
• Diethylene Glycol spot prices remained under pressure, as sustained import inflows kept the Price Index weak across APAC.
• Limited ethylene oxide cost support capped the production cost trend, reducing sellers’ ability to lift offers.
• Subdued construction and automotive activity weighed on the Diethylene Glycol demand outlook, curtailing restocking cycles.
• The Diethylene Glycol price forecast signals further near-term downside, with only muted recovery expected ahead of seasonal restocking.
• Elevated inventories, steady operating rates, and continued Middle Eastern arrivals constrained offers and prevented price rebounds.
• Soft export demand and intense regional competition squeezed margins, keeping traders cautious while awaiting clearer demand-recovery signals.
Why did the price of Diethylene Glycol change in December 2025 in APAC?
• Ample domestic and imported supply increased year-end available volumes, overwhelming subdued regional demand and triggering seller discounts.
• Weak downstream call-offs from construction and automotive sectors reduced buying, maintaining pressure on spot markets and offers.
Europe
• In Germany, the Diethylene Glycol Price Index fell by 7.5% quarter-over-quarter, driven by ample supply.
• The average Diethylene Glycol price for the quarter was approximately USD 719.00/MT, per monitored settlements.
• Any supply tightness from port delays was short-lived, offering only temporary support to Diethylene Glycol spot prices for prompt parcels in Hamburg.
• Lower ethylene oxide costs softened the production cost trend, reducing upstream margin pressure and weakening price support.
• Automotive coatings demand provided limited volume support, keeping the Diethylene Glycol demand outlook cautious rather than expansionary.
• Producer operating rates remained routine, while the price forecast points to only minor month-to-month fluctuations, reflecting a lack of bullish drivers.
• Comfortable terminal inventories continued to pressure offers, keeping the Diethylene Glycol Price Index subdued.
• Logistics normalised in December, easing distribution costs, loosening prompt availability, and constraining any meaningful price recovery.
Why did the price of Diethylene Glycol change in December 2025 in Europe?
• Regular import arrivals and uninterrupted domestic production ensured ample supply, pressuring prices amid weak end-use demand.
• Ethylene oxide cost eased slightly, softening production cost pressures but insufficient to offset inventory-driven price declines.
MEA
• In Saudi Arabia, the Diethylene Glycol Price Index fell by 14.90% quarter-over-quarter, reflecting sustained oversupply.
• The average Diethylene Glycol price for the quarter was approximately USD 599.67/MT, weighted by volumes.
• Diethylene Glycol spot prices weakened in line with the declining Price Index, as export enquiries from Asia remained subdued.
• The Diethylene Glycol production cost trend stayed flat, reinforcing a muted price forecast and limiting sellers’ scope to lift offers.
• The Diethylene Glycol demand outlook showed steady domestic consumption, but weakening export-led buying from Asia further weighed on sentiment.
• The Price Index declined as buyers deferred purchases, while export-ready inventories continued to pressure FOB indications.
• High ethylene oxide availability and uninterrupted cracker operations supported elevated domestic DEG output, keeping supply ample.
• Efficient port operations and stable freight flows-maintained export throughput, offering little support for any price recovery.
Why did the price of Diethylene Glycol change in December 2025 in MEA?
• Sustained high operating rates and uninterrupted feedstock supplies increased spot availability and pressured prices lower.
• Soft export demand from Asia and year-end restocking caution reduced inquiries, amplifying downside pressure regionally.
For the Quarter Ending September 2025
North America
• In USA, the Diethylene Glycol Price Index fell by 7.74% quarter-over-quarter, reflecting ample supply and subdued downstream demand.
• The average Diethylene Glycol price for the quarter was approximately USD 730.67 per MT, CFR Texas.
• Price Forecast for Diethylene Glycol US remains cautious amid ample inventories and soft downstream demand.
• Production Cost Trend is stable given flat ethylene oxide feedstock costs and intact refining margins.
• Demand Outlook indicates resin and coatings sectors sustaining moderate intake, amid construction activity remains tepid.
• The Price Index remains under pressure from tariff friction, import logistics issues, and mid-year inventory build.
• Export demand softened by tariff constraints, while domestic manufacturing maintained adequate supply and restrained purchasing.
• Market participants monitor port congestion and rail delays, which could cap sharp upside in DEG pricing.
Why did the price of Diethylene Glycol change in September 2025 in North America?
• Weaker downstream demand from paints and coatings weakened pricing amid ample supply.
• Logistics bottlenecks and tariff-related trade frictions continued weighing on export opportunities and market sentiment in the region.
APAC
• In South Korea, the Diethylene Glycol Price Index fell by 0.51% quarter-over-quarter, reflecting steady market conditions.
• The average Diethylene Glycol price for the quarter was approximately USD 648.33/MT FOB Busan basis.
• Diethylene Glycol Spot Price moved modestly in line with steady demand and production cost trend.
• Diethylene Glycol Price Forecast remained conservative given inventories and soft downstream demand; Price Index remained firm.
• Diethylene Glycol Demand Outlook in APAC remained tepid as construction and coatings activity remained muted.
• Diethylene Glycol Price Index reflected cautious buying and currency effects, with imports pricing staying competitive.
• Supply chain resilience and port efficiency supported stable DEG conditions, limiting price swings and storage pressure.
• Export activity slowed, contributing to softer DEG turnover and price stabilization across markets.
• Operational profitability at key producers remained under pressure from rainfall disruptions and tariff uncertainties.
Why did the price of Diethylene Glycol remain steady in September 2025 in APAC?
• Supply was ample due to resumed operations and EO feedstock improving availability, maintaining DEG prices.
• Weak downstream demand from resins and coatings, alongside tariffs uncertainty, curbed buying interest.
Europe
• In Germany, the Diethylene Glycol Price Index fell by 9.23% quarter-over-quarter in Q3 2025, reflecting oversupply and weaker end-demand.
• The average Diethylene Glycol price for the quarter was approximately USD 777.33/MT CFR Hamburg, Germany.
• Diethylene Glycol Spot Price and Price Index remain soft as supply remains abundant and downstream demand muted.
• Diethylene Glycol Price Forecast indicates limited upside near term due to inventory overhang and tempered construction.
• Diethylene Glycol Production Cost Trend remained under pressure from weak feedstock.
• Diethylene Glycol Demand Outlook points to cautious restocking amid construction weakness.
• Diethylene Glycol Price Index dynamics reflect logistics bottlenecks and Rhine-Hamburg congestion affecting delivered costs for import parity.
• Germany's infrastructure measures influence the Diethylene Glycol Price Forecast and could alter regional price resilience in the near term.
Why did the price of Diethylene Glycol change in September 2025 in Europe?
• High supply combined with weakened downstream demand pressured DEG prices to decline.
• Crude cost support remained mixed; however, price resilience was capped by weak construction and coatings demand.
MEA
• In Saudi Arabia, the Diethylene Glycol Price Index fell by 1.35% quarter-over-quarter, in Q3 2025, due to soft demand.
• The average Diethylene Glycol price for the quarter was approximately USD 704.67/MT FOB Jeddah delivered to customers in Saudi Arabia.
• Diethylene Glycol Spot Price remained subdued amid steady regional demand while weak overseas inquiry.
• Diethylene Glycol Price Forecast suggests cautious downside risks given export softness and material inventories in this region, amplifying caution now.
• Diethylene Glycol Production Cost Trend remains mildly bearish as feedstock costs stayed firm overall as producers manage costs.
• Diethylene Glycol Demand Outlook shows limited APAC inquiries amid weak construction during monsoon and tariff related business softness.
Why did the price of Diethylene Glycol change in September 2025 in MEA?
• Reduced export inquiries amid tariff uncertainties and slow downstream consumption restrained price growth.
• Operational continuity at key plants ensured steady supply, preventing sharp price movements.
For the Quarter Ending June 2025
North America
• Diethylene Glycol (DEG) Price in North America declined during the Q2 2025 especially in the US market where it fell by 18.8%, reaching USD 755/MT CFR Texas by the end of June.
• The quarter opened with bearish momentum, driven by ample supply and subdued demand. Elevated inventory levels, lower Ethylene Oxide feedstock costs, and declining WTI crude oil prices suppressed production margins and weighed on spot market sentiment through April.
• Domestic consumption remained weak, especially from the resin, antifreeze, and coatings sectors, as excess stock and macroeconomic uncertainty limited downstream procurement. U.S.–China trade tensions and new import tariffs further curbed export inquiries and depressed overall offtake.
• Despite steady plant operations, localized production outages such as Formosa’s brief Force Majeure in April and maintenance at Indorama and Lotte Chemical’s facilities during May–June contributed to temporary supply tightness, moderating the oversupplied market.
Why did the price of DEG not change in July 2025 in the North America region?
• In July 2025, the DEG Price Index in North America remained stable, supported by limited trading activity and cautious, need-based procurement from downstream sectors.
• The MEG Production Cost Trend showed no significant movement, as low global crude oil benchmarks and steady domestic production maintained balanced market fundamentals.
APAC:
APAC Diethylene Glycol (DEG) Price rose during the Q2 2025, especially in the Chinese market where it rose by 5.7%, settling at USD 670/MT FOB Busan in June.
• The bullish trend was underpinned by persistent supply disruptions, including force majeure declarations by South Korean producers Lotte Chemical and LG Chem, and extended plant outages across China and the Middle East during April, which constrained overall availability.
• Upstream Ethylene Oxide prices remained relatively stable through most of the quarter, offering limited cost volatility. Nonetheless, rising import offers—particularly from the Middle East—supported gradual price increases from mid-May onward.
• Downstream demand improved steadily, led by the paints, coatings, and automotive coolant segments. South Korea’s automotive sector posted strong year-on-year sales growth, reinforcing DEG consumption across Q2.
Why did the price of DEG change in July 2025 in the APAC region?
• In July 2025, the DEG Price Index in the APAC region faced downward pressure due to limited demand recovery following summer production cuts and a slowdown in construction and coatings sectors.
• The DEG Production Cost Trend remained under strain from persistently weak global crude oil benchmarks, which negatively impacted production margins and regional trade sentiment.
• The MEG Price Forecast suggests continued bearish market conditions, as sluggish end-user demand and fragile economic outlooks may cap any significant price rebound.
EUROPE:
• Diethylene Glycol (DEG) spot price in Europe declined during the week the Q2 2025 especially in the German market where it declined by 11.3%, reaching USD 805/MT CFR Hamburg by June 2025.
• The trend was initially driven by constrained supply, as global outages in the U.S. and Saudi Arabia, coupled with INEOS’s scheduled maintenance in Belgium, limited availability and pushed prices up through April.
• Despite a weak construction season and stagnant automotive demand, downstream sectors like resins, coatings, and solvents maintained stable offtake, supporting price stability mid-quarter.
• From mid-May onward, pricing turned bearish as inventories normalized, upstream Ethylene Oxide costs softened, and import volumes stabilized. Market players adopted conservative procurement strategies amid subdued industrial activity.
• Logistical bottlenecks across Northern Europe—including persistent congestion at Hamburg, Antwerp, and Rotterdam—continued to limit trade efficiency but were insufficient to reverse the downward pricing pressure.
Why did the price of DEG not change in July 2025 in the European region?
• In July 2025, the DEG Price Index in Europe remained stable due to balanced supply-demand fundamentals and steady downstream activity, particularly from the automotive and coatings sectors.
• The DEG Production Cost Trend showed limited fluctuation, supported by consistent Middle Eastern import volumes and moderate domestic output, despite logistical inefficiencies at major European ports.
MEA:
MEA Diethylene Glycol (DEG) Price rose during the Q2 2025 especially in the Saudi Arabia where it rose by 1.5%, settling at USD 724/MT FOB Jeddah in June.
• Early Q2 saw price pressure from enough inventory and limited international inquiries. April also faced soft upstream support, with WTI crude oil falling and steady Ethylene Oxide prices offering little cost pressure.
• Supply gradually normalized post-Ramadan as major Saudi producers—Sharq, JUPC, and Saudi Kayan—resumed operations. However, Rabigh’s planned June shutdown tightened availability late in the quarter.
• From mid-May onward, seasonal demand recovery, particularly from Asian buyers ahead of the summer season and extended holidays, drove higher procurement. Spot demand strengthened, especially from construction chemical and antifreeze segments.
• Despite intermittent oversupply in May, bullish sentiment returned as feedstock Ethylene Oxide prices climbed by in late June, prompting price increases.
• Overall, Q2 was marked by supply-side disruptions, muted export flows in April-May, and a late-quarter cost-push recovery.
Why did the price of DEG change in July 2025 in the MEA region?
• In July 2025, the DEG Price Index in the MEA region remained largely stable, with slight downward pressure due to weak upstream crude oil benchmarks and subdued demand from key Asian markets impacted by seasonal monsoon conditions.
• The DEG Production Cost Trend was supported by improved domestic supply, following the restart of production units such as JUPC and Sharq, alongside steady plant operations and inventory levels.
For the Quarter Ending March 2025
North America
In Q1 2025, Diethylene Glycol (DEG) prices in the North American region exhibited an overall bearish trend, despite some upward fluctuations during January and February. The quarter commenced with a bullish sentiment in early January, primarily driven by supply-side constraints amid anticipated Ethylene Oxide (EO) shortages, high production costs, and planned maintenance turnarounds. Additionally, logistical issues like rising container rates and port strike threats further tightened supply, while demand remained improved in the paints and coatings segment due to robust automotive sales.
February saw minor price gains, attributed to normalized industrial activity and improved procurement from the resin and coatings sectors. However, by late February, declining feedstock costs and sluggish demand began exerting downward pressure. Ethylene Oxide prices and crude oil fell, leading to DEG price decrease.
March marked a definitive shift toward bearishness, with ample supply from resumed operations and weakening demand from the automotive-linked paints sector. New vehicle sales declined, contributing to significant fall in prices to USD 930/MT CFR Texas by March, solidifying the quarter’s downward pricing trajectory in the U.S. market.
Europe
In Q1 2025, Diethylene Glycol (DEG) prices in the European market followed a bearish trajectory, with consistent month-over-month declines driven by weak downstream demand, adequate inventory levels, and fluctuating upstream cost pressures. In January, DEG prices slipped steadily as downstream resin manufacturing demand remained muted, largely due to sluggish performance in the construction and automotive sectors. Although supply remained stable and domestic production costs were controlled by steady Ethylene Oxide prices, oversupply conditions and cautious post-holiday buying sentiment exerted pressure on the market, causing prices to fall. In February, despite marginal recovery signals such as improved EV production and tighter imports due to a force majeure event in the U.S., prices stayed mostly flat with a slight uptick mid-month. However, supply remained sufficient, and persistent weakness in the construction sector curbed any potential price rise. By the end of Q1, bearish momentum returned as supply constraints intensified due to ongoing logistical disruptions and import limitations. However, these were overshadowed by a slump in demand from downstream applications and a significant drop in feedstock costs. Consequently, DEG prices in Germany declined to USD 908/MT CFR Hamburg by the end of March, reflecting a sustained downtrend across the quarter.
MEA
In Q1 2025, Diethylene Glycol (DEG) prices in the MEA region followed a bearish trajectory, driven by weakening demand fundamentals and fluctuating supply-side conditions. In January, prices initially held steady, supported by balanced supply-demand dynamics and healthy inventory levels. However, by mid-January, prices dipped marginally due to oversupply pressures and sluggish overseas inquiries. Planned maintenance shutdowns at major Saudi Arabian plants like MEGlobal and Sharq Unit-4 momentarily constrained supply and led to a brief price recovery in the third week, yet this uptick was short-lived. February witnessed consistent price stability across most weeks, underpinned by subdued demand from Asian markets due to the Lunar New Year holiday and weak downstream activity in resin and solvent sectors. Despite continued maintenance at key facilities and declining feedstock costs for Ethylene Oxide, the lack of aggressive procurement kept prices stagnant. In the late quarter, despite improved export activity and moderate demand recovery, logistical inefficiencies during Ramadan offset gains. Consequently, DEG prices in Saudi Arabia remained steady at USD 713/MT FOB Jeddah, highlighting a predominantly bearish trend for Q1.
APAC
During Q1 2025, Diethylene Glycol (DEG) prices in the APAC region exhibited a bullish trajectory, primarily driven by tightening supply conditions and a gradual recovery in downstream demand. In January, DEG prices initially remained stable amid ample inventories, moderate import inflows, and subdued downstream demand, particularly from the resin and construction sectors. However, as the month progressed, prices gained momentum due to maintenance turnarounds at major Middle Eastern facilities like MEGlobal and Sharq Unit-4, which restricted regional supply. Simultaneously, post-holiday restocking in Asia, coupled with import delays from the Middle East, further intensified supply tightness, causing prices to rise steadily through late January. In mid Q1, the bullish sentiment continued. Although prices showed marginal fluctuations in early February due to the Lunar New Year holidays and weak automotive sector performance, restocking activity and improved operational rates post-holiday pushed prices upward. Maintenance activities and supply uncertainties from the Middle East supported these gains. The quarter end further extended this upward trend, as demand improved in the paints and coatings segment amid rising automotive sales. Declining freight rates and firm production costs also added logistical and cost advantages to local producers. Concluding the quarter, South Korea’s DEG prices climbed to USD 634/MT FOB Busan, reinforcing a steadily strengthening market outlook across the region.
