For the Quarter Ending December 2025
North America
• In USA, the Polytetramethylene Ether Glycol Price Index fell by 2.0% quarter-over-quarter, reflecting subdued demand.
• The average Polytetramethylene Ether Glycol price for the quarter was approximately USD 2710.33/MT, per regional data.
• Polytetramethylene Ether Glycol Spot Price remained rangebound while Polytetramethylene Ether Glycol Price Index showed limited volatility.
• Polytetramethylene Ether Glycol Production Cost Trend reflected moderate THF feedstock pressure, compressing producer margins and pricing flexibility.
• Polytetramethylene Ether Glycol Demand Outlook remains weak as spandex buyers restrict orders, deferring restocking and forward purchases.
• Polytetramethylene Ether Glycol Price Forecast indicates modest downside near term, with seasonal upside potential into spring.
• Inventory builds and competitive Asian offers weighed on the Polytetramethylene Ether Glycol Price Index, limiting seller negotiating leverage.
• Domestic run-rate adjustments and smooth logistics influenced export availability, moderating Polytetramethylene Ether Glycol Spot Price movements.
Why did the price of Polytetramethylene Ether Glycol change in December 2025 in North America?
• Comfortable import flows and steady domestic production maintained ample supply, reducing upward price pressure in December.
• Stable THF feedstock costs prevented significant production-driven price increases, while freight declines supported Asian competitiveness.
• Weak spandex demand and buyer destocking limited procurement, keeping the Polytetramethylene Ether Glycol Price Index subdued.
APAC
• In Malaysia, the Polytetramethylene Ether Glycol Price Index fell by 5.501% quarter-over-quarter, from high inventories.
• The average Polytetramethylene Ether Glycol price for the quarter was approximately USD 1735.00/MT, CFR Klang.
• Polytetramethylene Ether Glycol Spot Price remained pressured by ample imports, sustaining a soft Price Index.
• Polytetramethylene Ether Glycol Production Cost Trend eased as lower THF feedstock prices reduced producer breakevens.
• Short-term Polytetramethylene Ether Glycol Price Forecast indicates upside constrained amid high stocks and muted buying.
• Polytetramethylene Ether Glycol Demand Outlook remains weak due to seasonal textile slowdown and constrained orders.
• High inventories and cargo arrivals weighed on the Polytetramethylene Ether Glycol Price Index, suppressing export demand.
• Resumption of Xinjiang plant and potential Chinese capacity expansions influence regional Polytetramethylene Ether Glycol supply.
Why did the price of Polytetramethylene Ether Glycol change in December 2025 in APAC?
• Persistent high inventories from pre-holiday stockpiling limited spot buying and softened domestic consumption notably further.
• Lower THF feedstock prices reduced production costs, prompting suppliers to offer discounted Polytetramethylene Ether Glycol volumes.
• Holiday season and muted downstream spandex demand curtailed procurement, while logistical flows remained smooth, avoiding disruption.
Europe
• In France, the Polytetramethylene Ether Glycol Price Index fell by 1.11% quarter-over-quarter, reflecting muted demand and ample inventories.
• The average Polytetramethylene Ether Glycol price for the quarter was approximately USD 2733.67/MT, reflecting stable feedstock costs and supply.
• Polytetramethylene Ether Glycol Spot Price remained pressured by rising Asian imports and reduced spandex purchasing, keeping sellers cautious.
• Polytetramethylene Ether Glycol Production Cost Trend shows stable-to-higher feedstock THF costs squeezing margins, limiting producers' pricing flexibility.
• Polytetramethylene Ether Glycol Demand Outlook remains weak as spandex sector restocking delayed and textile orders stay subdued.
• Polytetramethylene Ether Glycol Price Forecast indicates near-term flat-to-moderately lower levels amid ample inventories and cautious procurement.
• Polytetramethylene Ether Glycol Price Index dynamics reflect port congestion, year-end destocking and slower export inquiries tempering recovery.
• Regional producers operated at conservative rates with comfortable inventories, prioritizing margin protection over aggressive volume expansion amid uncertainty.
Why did the price of Polytetramethylene Ether Glycol change in December 2025 in Europe?
• Muted downstream spandex demand limited buying, sustaining weak spot activity and lowering pricing leverage for suppliers.
• Stable feedstock THF and high energy costs compressed margins, preventing producers from raising domestic prices.
• Logistical congestion and ample Asian imports reduced export flows, increasing regional inventories and depressing demand.
For the Quarter Ending September 2025
North America
• In the USA, the Polytetramethylene Ether Glycol (PTMEG) Price Index rose by 12.35% quarter-over-quarter, citing restocking activity.
• The average PTMEG price for the quarter was approximately USD 2765.67/MT.
• PTMEG Price Forecast anticipates modest seasonal recovery tempered by Asian competitive offers and freight.
• Domestic PTMEG Production Cost Trend remained stable as THF feedstock and energy inputs held steady.
• PTMEG Demand Outlook shows muted buying as textile and spandex segments delay restocking shortly.
• PTMEG Price Index volatility increased as four-week moving averages signalled continuation of bearish momentum.
• Producer operating rates remained high, inventories elevated, limiting upward pressure on PTMEG Price Index.
Why did the price of PTMEG change in September 2025 in North America?
• Reduced spandex and textile offtake lowered demand, increasing surplus, pressuring PTMEG Price Index.
• Stable THF feedstock and energy kept Production Cost Trend contained, limiting upward pressure on offers.
• Improved freight rates and Asian competitiveness increased import availability, amplifying supply headwinds for PTMEG prices.
APAC
• In Malaysia, the PTMEG Price Index rose by 4.09% quarter-over-quarter, driven by higher import costs.
• The average PTMEG price for the quarter was approximately USD 1831.67/MT, reported on CFR Klang basis.
• PTMEG Spot Price movement reflected freight-driven landed cost variability, mirroring PTMEG Production Cost Trend.
• PTMEG Price Forecast indicates mild volatility as regional plant restarts partially offset persistent weak demand.
• PTMEG Demand Outlook stays subdued with spandex weakness, keeping the Price Index range-bound.
• High inventories and steady imports restrained offers, while export demand provided intermittent support to PTMEG Price Index.
• Maintenance outages at regional PTMEG producers briefly tightened prompt availability, moderating spot volatility and offers.
• Logistical delays and port congestion elevated landed costs episodically, prompting Malaysian buyers to advance procurement and support spot activity.
Why did the price of PTMEG change in September 2025 in APAC?
• Elevated intra-Asia freight rates and port congestion increased landed costs, pressuring spot offers in September.
• Weak downstream spandex demand and high inventories reduced buying urgency, extending downward pressure on prices.
• Regional maintenance outages briefly tightened prompt availability, but ample stocks and subdued demand limited sustained upside.
Europe
• In France, PTMEG Price Index rose by 14.223% quarter-over-quarter, supported by tightening inventories.
• The average PTMEG price for the quarter was approximately USD 2864.33/MT on average.
• PTMEG Spot Price remained range-bound amid steady THF costs and balanced domestic supply.
• PTMEG Price Forecast indicates modest September uptick for Q4 restocking but subdued thereafter.
• PTMEG Production Cost Trend stayed stable as feedstock THF and energy remained unchanged.
• PTMEG Demand Outlook weak as spandex orders fell, pressuring Price Index and spot.
• Elevated inventories and constrained exports pressured the Price Index, reducing urgency for forward buying distributors.
• European producers maintained normal operating rates while logistics delays from Asia intermittently affected import offers.
Why did the price of PTMEG change in September 2025 in Europe?
• Weak spandex demand and elevated inventories reduced buying, exerting downward pressure on September Price Index.
• Stable THF costs kept production costs flat, limiting upside despite freight-driven variability in import costs.
• Logistics congestion and competitive Asian offers pressured spot availability and Price Index, prompting cautious procurement.
For the Quarter Ending June 2025
North America
• The PTMEG Price Index in the U.S. climbed steadily through Q2 2025, with prices stable in early April before rising sharply through May and June as spandex and textile demand strengthened, retail sales surged, and front-loaded procurement intensified ahead of tariff deadlines.
• April stability reflected weak THF feedstock support, subdued domestic spandex consumption, and cautious buying amid tariffs and soft apparel demand, though late-month restocking and rising freight costs provided initial upward pressure.
• May saw pronounced gains as downstream activity accelerated—boosted by Easter-driven retail demand, stronger apparel sales, and higher spandex utilization—while Asian supply constraints from maintenance and holidays tightened global availability.
• June’s rally continued as buyers advanced purchases to hedge against tariff-driven cost inflation and potential port congestion, with robust demand for sportswear, elastic fabrics, and performance textiles keeping sentiment firm despite global logistics risks.
Why did the price of PTMEG change in July 2025 in North America?
• In July, the PTMEG Price Index in North America eased as slower retail-driven demand and cautious buying behavior offset stable feedstock costs.
• The PTMEG Price Forecast points to continued stability into August, with modest support from export demand balancing restrained domestic procurement and subdued textile sector momentum.
APAC
• The PTMEG Price Index in China reflected an upward trajectory by the end of Q2 2025, with prices softening through April on weak THF feedstock support and sluggish spandex demand, stabilizing in May, and climbing in June as export-driven textile demand strengthened.
• April declines were driven by reduced spandex sector utilization, ongoing U.S. tariff pressure on Chinese textiles, and inventory accumulation, prompting several producers to lower operating rates or undergo maintenance shutdowns.
• Prices steadied in May as balanced supply and stable THF costs coincided with a brief tariff pause between the U.S. and China, which spurred renewed textile orders and restocking, while Middle Eastern buyers increased pre-Eid procurement.
• June gains were supported by sustained export orders, rising operating rates at PTMEG plants, and stronger downstream textile and spandex offtake, though port congestion at Shanghai and Ningbo and weather-related delays emerged as logistical risks.
Why did the price of PTMEG change in July 2025 in Asia?
• In July, the PTMEG Price Index in Asia inched up as overseas restocking and upcoming maintenance shutdowns at two plants offered temporary support, though high inventories and weak domestic spandex-linked demand kept sentiment fragile.
• The PTMEG Production Cost Trend stayed neutral, with feedstock Tetrahydrofuran (THF) prices stable, offering no cost-driven push even as producers faced extended stock cover and steady operations.
• The PTMEG Price Forecast points to limited upside into August, with maintenance-related supply tightening partly offset by tepid spandex sector growth, high inventories, and slow textile orders at home and overseas.
Europe
• The PTMEG Price Index in Germany reflected a firm upward trajectory in Q2 2025, with prices holding stable in early April, rising sharply through May, and climbing further in June as seasonal textile demand and tightening inventories drove momentum despite persistent logistical bottlenecks.
• April stability came amid weak THF feedstock support, subdued spandex and textile demand, and the impact of sharply higher U.S. tariffs on EU textile exports, which dampened buyer sentiment and limited procurement to immediate needs.
• May saw steady price gains as seasonal recovery in spandex and functional fabrics boosted demand, while maintenance-driven supply constraints in Asia, elevated THF costs, and ongoing port delays at Hamburg and major Asian hubs supported firmer pricing.
• June’s continued rally was fueled by tightening European inventories, firm demand for performance wear and non-woven applications, and rising Asia–Europe freight costs as container shortages and congestion strained global supply chains.
Why did the price of PTMEG change in July 2025 in Europe?
• In July, the PTMEG Price Index in Europe edged higher as firm seasonal demand from textiles and spandex, fueled by hot weather and a surge in European apparel trade, offset steady feedstock costs and rising Asia–Europe freight rates.
• The PTMEG Production Cost Trend remained stable, with Tetrahydrofuran (THF) prices unchanged, though higher freight charges and shipping delays from Asia nudged import costs upward despite sufficient domestic inventories.
• The PTMEG Price Forecast suggests moderate stability into August, with sustained textile-driven demand offsetting broader industrial softness, while freight volatility and import delays may continue to underpin offers despite cautious spot buying.
For the Quarter Ending March 2025
North America
Throughout Q1 2025, the Poly Tetra Methylene Ether Glycol (PTMEG) market in North America saw consistent price declines, primarily driven by weak downstream demand and persistent oversupply. In January, prices remained mostly weak as the holiday season suppressed industrial activity, and the spandex sector struggled with excess inventory and low procurement. A cold snap along the Gulf Coast further disrupted logistics and market momentum.
February brought additional pressure as declining consumer confidence, reduced household spending, and new tariffs on Chinese raw material imports weighed heavily on the textile industry. Despite stable feedstock THF prices, elevated stock levels and minimal bulk purchases limited any chance of recovery.
In March, PTMEG prices continued to slip as export volumes of textiles and apparel fell sharply, particularly to Latin American and Asian markets. While U.S. manufacturing activity showed mild improvement, spandex demand remained subdued. Persistent trade uncertainty, cautious procurement, and global competition maintained a bearish sentiment, keeping prices under pressure across the quarter. PTMEG prices in the U.S. closed Q1 2025 at USD 2,215/MT DEL Texas.
APAC
Throughout Q1 2025, the PTMEG market in the Asia-Pacific (APAC) region witnessed a continuous decline in prices, driven by persistent oversupply and weak demand from downstream sectors, particularly spandex. In January, prices fluctuated slightly but remained under pressure due to high inventories and subdued buyer sentiment ahead of the Lunar New Year. Although some cost support emerged from feedstock THF, reduced operations at spandex factories and weak domestic offtake hindered any sustained price increase. February saw continued downward pressure as market activity remained slow after a post-holiday. Ongoing capacity expansions and minimal export momentum intensified price competition, with weak textile and apparel demand further limiting PTMEG consumption. In March, while spandex plant utilization rose moderately, excessive PTMEG supply and weak export growth curbed recovery hopes. Maintenance shutdowns at major PTMEG plants attempted to balance the oversupplied market, but high inventories and cautious downstream procurement kept sentiment soft. Demand fundamentals remained bearish throughout Q1. PTMEG prices in China closed the quarter at USD 1,750/MT FOB Shanghai.
Europe
Throughout Q1 2025, the PTMEG market in Europe saw consistent price declines, primarily driven by weak downstream demand and persistent oversupply. In January 2025, prices remained weak amid the holiday slowdown, with low operating rates across the spandex and textile sectors. The market faced subdued activity due to cautious procurement and limited cost support from feedstock THF. February brought further declines as high inventories and a slow textile sector recovery added to downward pressure. Ongoing economic challenges, including weak consumer spending, high energy costs, and earnings shortfalls from major petrochemical firms—deepened caution in the market. Manufacturing activity across Germany slowed, and producers continued to adjust output to manage stock levels. By March, demand remained muted despite stable THF prices, with intensified competitive pressures and tariff concerns further reducing market confidence. Producers responded by lowering utilization rates, yet high inventories and limited end-use sector recovery prevented price stabilization. PTMEG prices in Germany ended the quarter at USD 2,291/MT FD Hamburg.
