| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Diethylene Glycol | China | FOB | USD 1,042.88/MT | May 2026 |
| Diethylene Glycol | USA | CIF | USD 1,162.07/MT | May 2026 |
| Diethylene Glycol | Germany | CIF | USD 1,136.33/MT | May 2026 |
| Diethylene Glycol | India | FOB | USD 1,203.67/MT | May 2026 |
| Diethylene Glycol | Japan | CIF | USD 1,080.63/MT | May 2026 |
| Diethylene Glycol | China | FOB | USD 1,090.68/MT | April 2026 |
| Diethylene Glycol | USA | CIF | USD 1,177.68/MT | April 2026 |
| Diethylene Glycol | Germany | CIF | USD 1,216.96/MT | April 2026 |
| Diethylene Glycol | India | FOB | USD 1,124.23/MT | April 2026 |
| Diethylene Glycol | Japan | CIF | USD 1,132.63/MT | April 2026 |
Stay updated with the latest diethylene glycol prices, historical data, and tailored regional analysis
Asia
The price of diethylene glycol showed a lukewarm performance in the Chinese market. The pricing outlook of diethylene glycol relied on many factors but mainly mirrored the price trajectory of its feedstock material ethylene. A slight rise in ethylene prices provided some cost support to diethylene glycol. At the beginning of the quarter, the prices fluctuated in a narrow range because of borderline stagnancy in supply and demand fundamentals.
Inventory levels at major ports increased slightly, however, weak downstream production of unsaturated resins kept overall consumption low. with major production plant shutdowns and rising prices of ethylene dioxide the prices showed some rebound in the later days. Conclusively, quarter concluded on a hopeful note for diethylene glycol.
Europe
Diethylene glycol exhibited a favorable trend in the European markets in the third quarter of 2024, influenced by the other key global markets. Rising prices were bolstered by increasing upstream manufacturing costs. Manufacturing firms were operating at reduced production capacities, to save costs hampering the regional supply security for Europe. This tight supply contributed to a notable price elevation in the later days of the quarter. The demand from the downstream sectors was still largely underwhelming. Apart from this, increased energy and other operational expenses raised the overall production cost, which further tightened the profit margins for suppliers. Overall, prices remained tugged between slow supply and dull demands without much room for improvement a tepid market performance was witnessed.
North America
The prices of diethylene glycol in North America showed an oscillating trend reflecting the prices of its raw material, ethylene oxide. Occasional supply constraints imparted temporary peaks in diethylene glycol price graph. The North American hurricane season exacerbated existing supply challenges, with Hurricane Beryl causing logistical hindrances adding to the suppliers’ worry. Additionally, unplanned outages, including one at Nova Chemicals' ethylene cracker in Louisiana, also impacted supply levels. These factors slightly pushed the prices up, but the domestic market is expected to stabilize after the hurricane season.
Analyst Insight
According to Procurement Resource, the price of is expected to show correcting trends in the near future since the manufacturing costs are likely to ascend even more.
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Asia
In Q2 2024, the domestic diethylene glycol market in China experienced fluctuations marked by periods of stability and slight declines. In May, the market initially saw a rise due to limited supply at main ports, but weak demand, particularly from the polyester and UPR sectors, led to a subsequent weakening of market momentum. The volatility of the market was further enhanced in June as the cost support from the feedstock commodities turned frail.
Amid this bleak outlook for the demand sector, the supply side of the market also witnessed a decline in production volumes, more pronounced after the resumption of market activities after the May Day holidays. The price of the commodity, thus, remained steady with minor reductions due to balanced supply-demand fundamentals and fluctuating market sentiments. The traders, on the other hand, further anticipated that the next quarter might not turn in favor of the market and thus, by the end of Q2, started lowering their market quotations.
Europe
In the European market, particularly in Germany, diethylene glycol prices saw an upward trajectory. This increase was largely driven by supply constraints and significant logistical disruptions. The region experienced heavy rainfall and severe flooding, which caused substantial disruptions to supply chains and delayed shipment arrivals at European ports. These natural events also led to road closures and stoppages, severely affecting both import and export operations via truck and rail. Consequently, the constrained supply led to an incline in diethylene glycol prices.
Adding to the supply challenges, INEOS Group Limited reduced its operational capacity for a maintenance period, further limiting the supply of the commodity in the region and adding upward pressure to diethylene glycol prices despite the stable demand in the downstream resin industry. Although the decline in the price of ethylene oxide, diethylene glycol primary feedstock, due to falling crude oil prices, did little to offset the supply-induced price hikes for DEG.
North America
The US market experienced a declining trend in diethylene glycol prices during the latter part of the quarter after a roughly stable trend in the initial phase. The primary factors contributing to this decrease were rising domestic inventory levels and a decrease in crude oil prices. Amid the efficient supply and rapid increase in diethylene glycol production, the market observed dim demand throughout the period, particularly from the downstream resin industries, which became much more visible in the months of May and June. Moreover, the low water levels in the Panama Canal, the global surge in freight charges amid fluctuating cost of transport, and rising geopolitical tensions also played a significant role in depleting export profit margins, keeping the diethylene glycol price trend on the lower end of the pricing spectrum.
Diethylene glycol is a colourless hygroscopic liquid denser than water and can be slightly toxic if ingested. It is used to make antifreeze, brake fluids and dyes.
C4H10O3
Plastic, oil, paint, coatings, natural gas industry, textile dyes
2- (2-hydroxyethoxy) ethanol, Diglycol
CNPC, Reliance Group, SABIC, BASF, Royal Dutch Shell PLC
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.
Diethylene glycol is obtained by the partial hydrolysis of ethylene oxide which is produced by the oxidation of ethylene.
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