For the Quarter Ending September 2025
North America
鈥� In USA, the Diethylene Glycol Price Index fell by 7.74% quarter-over-quarter, reflecting ample supply and subdued downstream demand.
鈥� The average Diethylene Glycol price for the quarter was approximately USD 730.67 per MT, CFR Texas.
鈥� Price Forecast for Diethylene Glycol US remains cautious amid ample inventories and soft downstream demand.
鈥� Production Cost Trend is stable given flat ethylene oxide feedstock costs and intact refining margins.
鈥� Demand Outlook indicates resin and coatings sectors sustaining moderate intake, amid construction activity remains tepid.
鈥� The Price Index remains under pressure from tariff friction, import logistics issues, and mid-year inventory build.
鈥� Export demand softened by tariff constraints, while domestic manufacturing maintained adequate supply and restrained purchasing.
鈥� 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?
鈥� Weaker downstream demand from paints and coatings weakened pricing amid ample supply.
鈥� Logistics bottlenecks and tariff-related trade frictions continued weighing on export opportunities and market sentiment in the region.
APAC
鈥� In South Korea, the Diethylene Glycol Price Index fell by 0.51% quarter-over-quarter, reflecting steady market conditions.
鈥� The average Diethylene Glycol price for the quarter was approximately USD 648.33/MT FOB Busan basis.
鈥� Diethylene Glycol Spot Price moved modestly in line with steady demand and production cost trend.
鈥� Diethylene Glycol Price Forecast remained conservative given inventories and soft downstream demand; Price Index remained firm.
鈥� Diethylene Glycol Demand Outlook in APAC remained tepid as construction and coatings activity remained muted.
鈥� Diethylene Glycol Price Index reflected cautious buying and currency effects, with imports pricing staying competitive.
鈥� Supply chain resilience and port efficiency supported stable DEG conditions, limiting price swings and storage pressure.
鈥� Export activity slowed, contributing to softer DEG turnover and price stabilization across markets.
鈥� 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?
鈥� Supply was ample due to resumed operations and EO feedstock improving availability, maintaining DEG prices.
鈥� Weak downstream demand from resins and coatings, alongside tariffs uncertainty, curbed buying interest.
Europe
鈥� In Germany, the Diethylene Glycol Price Index fell by 9.23% quarter-over-quarter in Q3 2025, reflecting oversupply and weaker end-demand.
鈥� The average Diethylene Glycol price for the quarter was approximately USD 777.33/MT CFR Hamburg, Germany.
鈥� Diethylene Glycol Spot Price and Price Index remain soft as supply remains abundant and downstream demand muted.
鈥� Diethylene Glycol Price Forecast indicates limited upside near term due to inventory overhang and tempered construction.
鈥� Diethylene Glycol Production Cost Trend remained under pressure from weak feedstock.
鈥� Diethylene Glycol Demand Outlook points to cautious restocking amid construction weakness.
鈥� Diethylene Glycol Price Index dynamics reflect logistics bottlenecks and Rhine-Hamburg congestion affecting delivered costs for import parity.
鈥� 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?
鈥� High supply combined with weakened downstream demand pressured DEG prices to decline.
鈥� Crude cost support remained mixed; however, price resilience was capped by weak construction and coatings demand.
MEA
鈥� In Saudi Arabia, the Diethylene Glycol Price Index fell by 1.35% quarter-over-quarter, in Q3 2025, due to soft demand.
鈥� The average Diethylene Glycol price for the quarter was approximately USD 704.67/MT FOB Jeddah delivered to customers in Saudi Arabia.
鈥� Diethylene Glycol Spot Price remained subdued amid steady regional demand while weak overseas inquiry.
鈥� Diethylene Glycol Price Forecast suggests cautious downside risks given export softness and material inventories in this region, amplifying caution now.
鈥� Diethylene Glycol Production Cost Trend remains mildly bearish as feedstock costs stayed firm overall as producers manage costs.
鈥� Diethylene Glycol Demand Outlook shows limited APAC inquiries amid weak construction during monsoon and tariff related business softness.聽
Why did the price of Diethylene Glycol change in September 2025 in MEA?
鈥� Reduced export inquiries amid tariff uncertainties and slow downstream consumption restrained price growth.
鈥� Operational continuity at key plants ensured steady supply, preventing sharp price movements.
For the Quarter Ending June 2025
North America
鈥� 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.
鈥� 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.
鈥� Domestic consumption remained weak, especially from the resin, antifreeze, and coatings sectors, as excess stock and macroeconomic uncertainty limited downstream procurement. U.S.鈥揅hina trade tensions and new import tariffs further curbed export inquiries and depressed overall offtake.
鈥� Despite steady plant operations, localized production outages such as Formosa鈥檚 brief Force Majeure in April and maintenance at Indorama and Lotte Chemical鈥檚 facilities during May鈥揓une 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?
鈥� 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.
鈥� 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.
鈥� 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.
鈥� Upstream Ethylene Oxide prices remained relatively stable through most of the quarter, offering limited cost volatility. Nonetheless, rising import offers鈥攑articularly from the Middle East鈥攕upported gradual price increases from mid-May onward.
鈥� Downstream demand improved steadily, led by the paints, coatings, and automotive coolant segments. South Korea鈥檚 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?
鈥� 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.
鈥� The DEG Production Cost Trend remained under strain from persistently weak global crude oil benchmarks, which negatively impacted production margins and regional trade sentiment.
鈥� 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:
鈥� 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.
鈥� The trend was initially driven by constrained supply, as global outages in the U.S. and Saudi Arabia, coupled with INEOS鈥檚 scheduled maintenance in Belgium, limited availability and pushed prices up through April.
鈥� Despite a weak construction season and stagnant automotive demand, downstream sectors like resins, coatings, and solvents maintained stable offtake, supporting price stability mid-quarter.
鈥� 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.
鈥� Logistical bottlenecks across Northern Europe鈥攊ncluding persistent congestion at Hamburg, Antwerp, and Rotterdam鈥攃ontinued 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?
鈥� 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.
鈥� 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.
鈥� 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.
鈥� Supply gradually normalized post-Ramadan as major Saudi producers鈥擲harq, JUPC, and Saudi Kayan鈥攔esumed operations. However, Rabigh鈥檚 planned June shutdown tightened availability late in the quarter.
鈥� 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.
鈥� Despite intermittent oversupply in May, bullish sentiment returned as feedstock Ethylene Oxide prices climbed by in late June, prompting price increases.聽
鈥� Overall, Q2 was marked by supply-side disruptions, muted export flows in April-May, and a late-quarter cost-push recovery.聽
Why did the price of DEG change in July 2025 in the MEA region?
鈥� 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.
鈥� 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.聽
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鈥檚 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.聽 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鈥檚 DEG prices climbed to USD 634/MT FOB Busan, reinforcing a steadily strengthening market outlook across the region.
For the Quarter Ending December 2024
North America
In Q4 2024, Diethylene Glycol (DEG) prices in North America followed an overall upward trend. Early in the quarter, prices remained stable with minor fluctuations, supported by high inventory levels, moderate supply, and weak demand. Subdued consumption from downstream sectors like resins, coatings, and automotive, along with disruptions in US ports, balanced the market despite high crude oil stocks and increased imports.
In the mid-quarter, DEG prices-maintained stability, with slight fluctuations. Supply conditions remained tight due to labor strikes at key Canadian ports, which impacted imports. While freight charges and crude oil prices rose, they didn鈥檛 significantly affect price trends. Demand from downstream sectors such as resin manufacturing and antifreeze applications remained moderate, with a seasonal uptick in automotive demand.
In the final part of Q4, DEG prices rose due to higher production costs and constrained supply. Ethylene Oxide and crude oil price hikes drove up production costs. Although downstream demand, especially from resin manufacturing, remained weak, limited supply and inflationary pressures supported the price increase. By the end of the quarter, DEG prices surged by 1.25%, particularly in the US market.
EUROPE
Q4 2024 witnessed a bearish trend for Diethylene Glycol (DEG) prices in the European market, marked by consistent declines across the quarter. In the early part of Q4, DEG prices saw a marginal rise in a stable environment, supported by abundant feedstock availability and strong operational activity. However, demand remained weak, especially from resin and coating industries, as downstream buyers adopted a cautious approach due to sluggish performance in the automotive sector and limited procurement amid low inflation and reduced energy costs. By mid-Q4, the market experienced a declining trend as demand from the resin manufacturing sector stayed subdued, with increased inventory levels and sluggish downstream consumption exerting further pressure on prices. Supply disruptions, including logistical challenges, added uncertainty to the market. In the final part of Q4, the downward trend intensified due to abundant supply and weak demand, particularly from resin manufacturing and automotive coatings. Inflationary pressures, coupled with logistical disruptions such as port congestion and a French rail strike, exacerbated market conditions. Aggressive year-end destocking activities by suppliers led to a notable 2.89% decline in German DEG prices by December's end.
Saudi Arabia
The Diethylene Glycol (DEG) price trend in the MEA region exhibited marginal growth throughout Q4 2024. In the early part of the quarter, prices remained stable with minor fluctuations as the market faced oversupply from September鈥檚 maintenance shutdowns, weak overseas demand, and logistical disruptions caused by U.S. port strikes. This bearish sentiment was counterbalanced by steady domestic consumption, primarily driven by the region's construction boom, which provided consistent demand. Midway through Q4, the MEA market maintained a stable trend, supported by balanced supply levels and operational stability, despite production cuts such as Yansab鈥檚 in Saudi Arabia. Rising freight charges and slight increases in upstream ethylene prices influenced minor upward price adjustments during this period. Entering December, prices witnessed slight increases due to consistent demand from construction and rising freight costs. However, weak demand from overseas markets, coupled with high inventory levels, exerted downward pressure on prices in mid-December, as manufacturers turned to year-end destocking to clear inventories. Despite these fluctuations, the Saudi Arabian DEG market concluded Q4 2024 with overall growth of 1.74%.
APAC
In the last quarter of 2024, Diethylene Glycol (DEG) prices in the APAC market displayed a mixed trend. Early in Q4, prices saw a stable pattern with marginal fluctuations, supported by tight supply due to planned maintenance shutdowns, reduced international imports, and geopolitical tensions in the Middle East. These factors initially pushed prices up, further exacerbated by rising crude oil prices. However, subdued downstream demand, especially from resin production and the construction sector, helped balance the price pressure. In mid-Q4, DEG prices declined due to weak demand, increasing inventory levels, and the weakening Chinese yuan. Despite stable supply, limited consumption from key industries led to sluggish market activity. By the end of Q4, prices began rising again, driven by higher import costs, steady demand from paints & coatings, and rising freight charges. By early December, DEG prices surged 1.89%, particularly in China, supported by robust domestic production and limited imports, despite fluctuations in crude oil prices. This price increase was also bolstered by strong demand from the automotive and coatings sectors, alongside rising logistics costs.
