For the Quarter Ending December 2025
North America
• In USA, the Triethylene Glycol Price Index rose by 2.23% quarter-over-quarter, reflecting constrained supply and stocking.
• The average Triethylene Glycol price for the quarter was approximately USD 1600.00/MT, reflecting Gulf Coast contracts.
• Triethylene Glycol Spot Price volatility eased as Gulf Coast inventories remained ample despite terminal delays.
• Triethylene Glycol Price Forecast signals modest early Q1 recovery from antifreeze-led seasonal restocking activity improvement.
• Triethylene Glycol Demand Outlook remains bifurcated: firm antifreeze and dehydration but weak resin and export demand.
• Triethylene Glycol Price Index volatility reflected operator turnarounds, inventory draws, and limited export arbitrage flows.
• Logistics friction and rail dwell supported prompt tightness, delaying inland rack replenishment at Gulf terminals.
Why did the price of Triethylene Glycol change in December 2025 in North America?
• Domestic supply remained adequate, but strong offtake from downstream segments supported firmer prices, despite inventories.
• Seasonal demand from antifreeze and gas dehydration activities increased, reinforcing buying interest.
APAC
• In China, the Triethylene Glycol Price Index fell by 5.32% quarter-over-quarter, due to ample imports
• The average Triethylene Glycol price for the quarter was approximately USD 1073.33/MT, CFR Qingdao basis.
• Triethylene Glycol Spot Price softened amid ample seaborne inflows and healthy coastal inventories limiting tightness.
• Triethylene Glycol Price Forecast anticipates mild recovery post-holiday supported by restocking and logistics normalization ahead.
• Triethylene Glycol Production Cost Trend eased as Ethylene Oxide feedstock softened, lowering cash-cost pressures modestly.
• Triethylene Glycol Demand Outlook remains moderate owing to steady automotive demand yet constrained construction restocking.
• Triethylene Glycol Price Index volatility was limited by conservative buying, balanced inventories and term flows.
• Operational outages were short-duration, with maintenance completions and port disruptions only temporarily affecting supply availability.
Why did the price of Triethylene Glycol change in December 2025 in APAC?
• Ample seaborne imports and steady domestic output with weak spot demand pushed the prices lower.
• Declining Ethylene Oxide feedstock and softer crude reduced production costs; port congestion partly supported differentials.
• Cautious downstream procurement ahead of holidays and elevated inventories constrained buying, preventing December price recovery.
Europe
• In Germany, the Triethylene Glycol Price Index fell by 3.6% quarter-over-quarter, reflecting subdued demand.
• The average Triethylene Glycol price for the quarter was approximately USD 1333.33/MT, per market surveys.
• Logistic delays at Hamburg supported the Triethylene Glycol Spot Price despite abundant competitive import flows.
• Triethylene Glycol Production Cost Trend eased; Ethylene Oxide and energy declines reduced cost support materially.
• Rising distributor inventories pressured the Triethylene Glycol Price Index, prompting promotional clearing and softer terms.
• Triethylene Glycol Demand Outlook remains muted as construction and automotive weakness reduces procurement and restocking.
• Near-term Triethylene Glycol Price Forecast indicates limited upside absent logistic disruptions or downstream demand recovery.
• Port congestion and berth constraints tightened supply chains, moderating price swings across German TEG trade.
Why did the price of Triethylene Glycol change in December 2025 in Europe?
• Falling Ethylene Oxide feedstock and softer energy prices weakened production cost support for TEG producers.
• Subdued construction and automotive demand, plus distributor destocking, constrained restocking and reduced spot buying activity.
For the Quarter Ending September 2025
North America
• In the USA, the Triethylene Glycol Price Index fell by 3.69% quarter-over-quarter, driven by inventory builds.
• The average Triethylene Glycol price for the quarter was approximately USD 1565.00/MT, reported by trade data.
• Triethylene Glycol Spot Price eased amid elevated inventories, reflecting a softer Price Index and subdued export inquiries.
• Triethylene Glycol Demand Outlook remains mixed with automotive and construction supporting, while gas dehydration volumes stayed weak.
• Triethylene Glycol Price Forecast suggests mild recovery potential driven by seasonal antifreeze demand and normalized exports.
• Triethylene Glycol Production Cost Trend showed downward pressure as crude oil eased, partly reducing ethylene oxide feedstock expense.
• Inventory accumulation and softer international demand pressured spot markets, limiting sellers' willingness to defend higher Price Index levels.
Why did the price of Triethylene Glycol change in September 2025 in North America?
• Force majeures and maintenance outages tightened localized supply, yet inventories remained elevated, muting sustained price increases.
• Declining upstream crude oil eased feedstock costs, reducing production cost pressure and softening price support.
• Weak export demand and tariff-driven trade shifts contracted overseas inquiries, weighing on domestic spot price competitiveness.
APAC
• In China, the Triethylene Glycol Price Index fell by 2.09% quarter-over-quarter, reflecting persistent oversupply conditions.
• The average Triethylene Glycol price for the quarter was approximately USD 1059.33/MT, CFR Qingdao, reported.
• Triethylene Glycol Spot Price remained pressured by elevated inventories and competitive Middle Eastern import offers.
• Triethylene Glycol Price Forecast projects modest recovery in October if downstream buying strengthens.
• Triethylene Glycol Production Cost Trend eased as ethylene oxide feedstock prices declined, supporting margins slightly.
• Triethylene Glycol Demand Outlook remains muted with automotive improvement offset by weak coatings, solvent procurement.
• Triethylene Glycol Price Index volatility linked to seasonal port disruptions and shifting export demand flows.
• Operational restarts after maintenance at Chinese producers influenced supply levels and Triethylene Glycol Price Index movements.
Why did the price of Triethylene Glycol change in September 2025 in APAC?
• Elevated inventories and higher Middle Eastern imports created persistent oversupply across China, exerting downward pressure.
• Declining ethylene oxide feedstock costs reduced expenses, causing downward pressure on Triethylene Glycol Price Index.
• Severe weather and port congestion disrupted logistics, increasing vessel queues, delaying shipments, accumulating supply locally.
Europe
• In Germany, the Triethylene Glycol Price Index fell by 11.46% quarter-over-quarter, reflecting persistently abundant supply.
• The average Triethylene Glycol price for the quarter was approximately USD 1383.33/MT CFR Hamburg market.
• Triethylene Glycol Spot Price eased as elevated inventories and steady overseas imports.
• Triethylene Glycol Price Forecast shows modest near-term downside amid excess stocks and subdued procurement interest.
• Triethylene Glycol Demand Outlook weak as automotive, construction, and gas dehydration sectors exhibit constrained procurement.
• Triethylene Glycol Price Index showed constrained upside as inventories remained elevated despite intermittent logistical bottlenecks.
• Inventory and export demand dynamics pressured margins, with year-end liquidation influencing spot and contract pricing.
Why did the price of Triethylene Glycol change in September 2025 in Europe?
• Excess supply from increased domestic production and higher imports overwhelmed limited downstream procurement activity.
• Lower energy and feedstock costs reduced manufacturing expenses, applying downward pressure on contract pricing levels.
• Logistics bottlenecks localized deliveries but insufficient to tighten supply substantially amid strong inventory buffer levels.
For the Quarter Ending June 2025
North America
• Triethylene Glycol (TEG) prices in North America rose by 12.3% quarter-over-quarter in Q2 2025, reaching USD 1685/MT FOB Houston in USA by June, driven by persistent supply-side disruptions and stable downstream demand.
• Operational disruptions, including multiple force majeures and extended maintenance shutdowns at key facilities (ExxonMobil/SABIC, Formosa Plastics, MEGlobal, Lotte Chemical), significantly tightened domestic availability.
• Port logistics remained mixed: April and June showed improved freight movement, while May saw renewed West Coast congestion due to labor disputes and import spikes from Asia.
• Demand remained resilient, supported by natural gas dehydration, automotive, paint & coatings, and antifreeze sectors, with positive momentum returning by June.
• U.S.–China trade negotiations and Canadian production outages further influenced pricing dynamics through shifts in procurement and regional demand redirection.
Why did the price of TEG change in July 2025 in the US?
• In July 2025, the TEG Price Index in the US trended downward, primarily impacted by weak demand expectations from the automotive sector, as highlighted by projections from the National Automobile Dealers Association (NADA).
• The TEG Production Cost Trend showed limited upward pressure from feedstock and upstream markets, contributing to a softer pricing environment.
• The TEG Price Forecast remains bearish, with rising inventory levels and tepid end-use sector performance likely to suppress any significant price recovery.
APAC
• TEG prices in the APAC region declined by 3.16% quarter-over-quarter in Q2 2025, reaching USD 1130/MT CFR Qingdao in China by June, due to supply overhang and subdued downstream demand.
• Ample domestic output and rising imports from the Middle East, along with weakened feedstock ethylene oxide prices, contributed to excess market availability.
• Logistics remained volatile, with severe port congestion, vessel queues, and weather disruptions—including Tropical Storm—impacting major terminals like Shanghai, Ningbo, Qingdao, and Yantian.
• Downstream demand fluctuated, with sluggish performance in coatings, automotive fluids, and construction chemicals due to seasonal slowdown, U.S. tariff pressure, and uncertain industrial activity.
• A temporary tariff suspension between the U.S. and China drove a brief spike in exports and procurement during May but failed to offset the broader weak demand sentiment.
Why did the price of TEG change in July 2025 in the APAC?
• In July 2025, the TEG Price Index in the APAC region came under pressure due to potential inflows of competitively priced material from overseas market, where consumption remained weak.
• The TEG Market Demand Trend showed continued sluggishness, impacted by seasonal climate changes and the onset of an active monsoon period in several key regions.
• The TEG Price Outlook suggests further bearish sentiment, with limited recovery expected in the short term due to ongoing demand softness and increased import competition.
Europe
• TEG prices in Europe (Germany) declined by 10.6% quarter-over-quarter in Q2 2025, settling at USD 1457/MT CFR Hamburg by June, amid ample supply, subdued demand, and macroeconomic uncertainty.
• Robust import inflows from the Middle East and improved domestic output created a surplus environment. Meanwhile, feedstock ethylene oxide prices consistently dropped, easing production costs.
• Logistical challenges persisted, particularly in April and May, due to port congestion, labor strikes, inland rail disruptions, and adverse weather, though June showed relative logistical stability.
• Demand fundamentals weakened, especially in the coatings, solvents, and automotive segments, with buyers remaining cautious amid EU-U.S. tariff friction and slowing construction activity.
• Despite bearish trends, moderate recovery signs emerged in commercial infrastructure and automotive sales in late Q2.
Why did the price of TEG change in July 2025 in Europe?
• In July 2025, the TEG Price Index in Europe faced downward pressure amid elevated inventory levels and volatile crude oil prices, limiting any potential price recovery.
• The TEG Market Activity remained sluggish, with limited transactional volume and subdued buyer interest contributing to marginal price erosion across the region.
• The TEG Price Forecast points to continued bearish trends, driven by market oversupply and restrained trading momentum in the near term.
For the Quarter Ending March 2025
North America
In Q1 2025, Triethylene Glycol (TEG) prices in North America followed a bullish trajectory, underpinned by persistent supply constraints and strong downstream demand across key sectors. The quarter commenced with a sharp price increase in January, driven by Winter Storm Enzo, which severely disrupted production across the Gulf Coast, shutting down major facilities and halting operations at key ports in Houston and New Orleans. This led to a steep supply shortfall, further exacerbated by rising feedstock Ethylene Oxide costs. Concurrently, early-year inventory restocking and increased automotive demand for TEG as an antifreeze agent supported price escalation, pushing prices up.
In February, bullish momentum continued as scheduled maintenance turnarounds at major plants—including Dow’s Seadrift and ME Global’s Oyster Creek—alongside a force majeure by Lotte, tightened supply further. Although crude oil and feedstock costs showed some softness, robust consumption from antifreeze, paints, coatings, and natural gas dehydration applications offset any downward pressure.
March sustained this upward movement, with operational disruptions and continued low inventories constraining supply. Despite easing Ethylene Oxide costs, the impact remained negligible due to high demand from the natural gas sector, where TEG is essential for dehydration. Additional support came from the paints and coatings industry, reinforced by a rebound in automotive production. By the end of Q1, TEG prices in the U.S. had reached USD 1500/MT FOB Houston, marking a cumulative increase of over 16% for the quarter, driven by tight fundamentals and seasonal demand resilience.
Europe
In Q1 2025, the Triethylene Glycol (TEG) market in Europe, particularly Germany, displayed a mixed price trajectory. In January, TEG prices surged, driven by tight supply conditions, low inventory, and a strong demand uptrend. Harsh winter weather accelerated demand in deicing and antifreeze applications, while higher automotive sales and increased gas-fired power generation boosted consumption in the natural gas sector. On the supply side, rising feedstock Ethylene Oxide and upstream Ethylene prices, coupled with a jump in Naphtha and crude oil prices due to geopolitical sanctions and extreme cold in North America, inflated production costs, supporting the bullish sentiment. However, during the second month of Q1, the market turned out to bearish. The market became well-supplied owing to smooth overseas imports, high operational rates by domestic producers, and lower production costs stemming from declines in feedstock, Ethylene Oxide and global crude prices. Meanwhile, downstream demand weakened amid declining automotive sales and sluggish activity in resins, coatings, and paints. Congestion at major ports like Rotterdam and Antwerp added logistical strain, although it failed to offset the supply glut. By March, prices rebounded by 4.16% to USD 1,680/MT CFR Hamburg due to tightened global supply, as operational disruptions in the U.S., Saudi Arabia, and Belgium curbed exports. Despite sluggish demand from the automotive and construction sectors and reduced heating needs, the constrained supply scenario outweighed demand softness, driving the market upward again.
APAC
In Q1 2025, the Triethylene Glycol (TEG) market across the Asia-Pacific (APAC) region displayed an overall declining trend, despite a bullish start in January. At the beginning of the quarter, prices in major APAC economies, particularly China, strengthened due to limited supply, logistical bottlenecks, and strong seasonal demand. In January, TEG prices rose, fueled by reduced domestic manufacturing ahead of the Lunar New Year, plant shutdowns (e.g., FPCL), and port congestion at key transshipment hubs like Shanghai and Ningbo. Demand surged in sectors such as antifreeze and automotive, supported by the growing output and sales of new energy vehicles (NEVs), which saw a 29.4% YoY rise in sales. However, February marked a turning point. As post-holiday demand remained subdued, TEG prices declined by 2.21%. Improved manufacturing activity, consistent imports, and elevated inventories led to an oversupplied market. Downstream sectors like coatings, resins, and construction showed weak consumption due to ongoing real estate sector struggles and procurement hesitation. Logistics costs eased, but persistent port congestion still disrupted flows. March continued the bearish momentum, with prices dropping a further 2.77% to USD 1160/MT CFR Qingdao. Despite global supply tightening from shutdowns in the U.S. and Saudi Arabia, the APAC market—especially China—remained oversupplied. While demand from paints, plasticizers, and autos improved, it was outweighed by weak consumption from the natural gas dehydration segment. Overall, Q1 2025 in the APAC TEG market closed on a negative note, shaped by excess supply and patching downstream demand recovery.
