| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Ethylene Glycol | China | FOB | USD 783.83/MT | August 2026 |
| Ethylene Glycol | USA | CIF | USD 939.45/MT | August 2026 |
| Ethylene Glycol | Germany | CIF | USD 897.42/MT | August 2026 |
| Ethylene Glycol | India | CIF | USD 874.62/MT | August 2026 |
| Ethylene Glycol | Japan | CIF | USD 818.15/MT | August 2026 |
| Ethylene Glycol | China | FOB | USD 681.95/MT | July 2026 |
| Ethylene Glycol | USA | CIF | USD 869.44/MT | July 2026 |
| Ethylene Glycol | Germany | CIF | USD 815.58/MT | July 2026 |
| Ethylene Glycol | India | CIF | USD 788.76/MT | July 2026 |
| Ethylene Glycol | Japan | CIF | USD 714.95/MT | July 2026 |
Stay updated with the latest Ethylene Glycol prices, historical data, and tailored regional analysis
Asia
In China, the average price of Ethylene Glycol rose from ~USD 681.95/MT (FOB) in July to ~USD 783.83/MT in August, a sharp increase of ~14.9%. India recorded a gain of about 10.9%, from ~USD 788.76/MT (CIF) to ~USD 874.62/MT. Asian ethylene costs firmed through the quarter as upstream energy prices rose and spot supply stayed limited. China’s crude processing fell 6.9% in August, reducing refinery-linked feedstock, while Korean crackers operated well below full capacity. Gulf tensions and attacks on Red Sea shipping also disrupted supply flows, tightening the import market. Prices then jumped in early September as buyer sentiment recovered.
Europe
In Germany, ethylene glycol averaged approximately USD 815.58/MT (CIF) in July and rose to about USD 897.42/MT in August, a gain of ~10.0%. After a sharp fall in July, the European ethylene contract edged higher in August, and imported ethylene costs rose mid-month. Olefins operating rates in the region were expected at about 70% in Q3, limiting local supply. Higher import costs pushed CIF values up, even as downstream demand stayed cautious.
North America
In the USA, average ethylene glycol import prices increased from nearly USD 869.44/MT (CIF) in July to roughly USD 939.45/MT in August, up ~8.1%. Domestic ethylene remained cheap and broadly flat due to low-cost ethane feedstock, which limited the size of the increase compared with other regions. However, import prices followed stronger global values, and planned maintenance was expected to lower North American olefins operating rates to about 85% in Q3.
Analyst Insight
According to Procurement Resource, ethylene glycol prices should remain well supported in the near term by Asian cracker turnarounds and continued Middle East supply risks, though steady US production may limit further gains.
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Asia
In China, ethylene glycol prices declined from ~USD 755.88/MT to ~USD 677.00/MT in Q2’26, showing a ~10.4% decrease. Persistent supply pressure and subdued polyester demand weighed on prices, while production economics remained constrained by feedstock costs and environmental restrictions. China remained the key demand center, but weak plant utilization and cautious downstream procurement limited market recovery. Rising import availability also reduced the impact of domestic production constraints, while changing global trade routes increased competition among suppliers. Polyester and PET production remained the principal downstream outlets, but limited utilization prevented stronger demand from absorbing available material.
Europe
In Germany, ethylene glycol prices fell from ~USD 882.16/MT in April to ~USD 798.50/MT in June, showing a ~9.5% decrease. Weak industrial demand and continued import availability pressured regional prices, while older petrochemical assets and lower production competitiveness limited the market’s ability to absorb excess supply. Ethylene availability remained a key production factor as weak cracker operating conditions and persistent structural oversupply affected upstream economics. Limited improvement in derivative demand, particularly from polyester-related applications, kept procurement subdued. Import competition further restricted producer pricing power as European buyers had access to competitively priced external material.
North America
In the United States, ethylene glycol prices edged down from ~USD 842.88/MT to ~USD 832.00/MT, showing a ~1.3% decrease. The relatively modest decline reflected continued oversupply alongside stronger structural competitiveness from ethylene feedstock availability and natural-gas-based production economics. However, weaker access to Chinese demand disrupted traditional export flows, forcing producers to redirect material toward alternative destinations. Reduced production rates at some facilities reflected weaker export economics, while polyester, PET and industrial demand remained insufficient to rapidly absorb excess availability. Trade-flow rebalancing therefore remained a key factor limiting price recovery.
Analyst Insight
According to Procurement Resource, ethylene glycol prices are likely to remain under pressure as oversupply and weak polyester demand persist, while regional production adjustments and changing trade routes may gradually rebalance availability.
Ethylene Glycol appears as a clear, colourless syrupy liquid having the ability to absorb water. It is odourless but comes with a sweet taste. The chemical is utilised to make antifreeze as well as de-icing solutions for cars, airplanes, or boats. It is also utilised in hydraulic brake fluids as well as in inks that are utilised in stamp pads, ballpoint pens, or print shops.
(CH2OH)2
Adhesives and sealant chemicals, Coolant and heat-transfer agent, Antifreeze formulations, Precursor to polymers, Dehydrating agent, Air-conditioning
1,2-ethanediol, Ethylene alcohol, Hypodicarbonous acid, Monoethylene glycol, 1,2-Dihydroxyethane, Ethane-1,2-diol
ME Global, Saudi Basic Industries Corporation (SABIC), China Petroleum & Chemical Corporation (Sinopec), Reliance Industries Limited, Shell Global, INEOS Capital Limited, India Glycols Ltd., SPDC Ltd.
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
In this process, hydrolysis of ethylene oxide with water forms a coarse ethylene glycol combination. Further, vacuum fractional distillation is carried out to separate oligomers such as monoethylene and triethylene glycol along with water to obtain Ethylene Glycol as the result.
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This report presents a detailed cost analysis of neopentyl glycol production from isobutyraldehyde and formaldehyde through the aldol reaction.
Green Ethylene Manufacturing Plant Project Report thoroughly focuses on every detail that encompasses the cost of manufacturing. Our extensive cost model meticulously covers breaking down expenses around raw materials, labour, technology, and manufacturing expenses. This enables precise cost structure optimization and helps in identifying effective strategies to reduce the overall cash cost of manufacturing.
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