Diethylene Glycol Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Diethylene Glycol in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Diethylene Glycol Price Trend for the Q1 of 2024


During the first quarter of 2024, the domestic diethylene glycol market in China experienced a period of narrow changes. While there were limited changes in the demand dynamics of the market, the number of shipments leaving the Asian ports declined, reducing the profit margins from exports. Despite a slight decrease in inventory and ongoing maintenance of key equipment units, the overall supply also remained relatively dim.

Diethylene Glycol Price Chart

Diethylene Glycol Price Trends and Forecast

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The Chinese market also faced a slowdown amid the onset of Chinese New Year holidays and Spring festivities, which limited the procurement rates of the downstream industries. Also, the macroeconomic outlook of the region also seemed to be improving at a slower pace, offering only limited support to the ethylene glycol market.


In the first quarter of 2024, the European market experienced a similar trend to the USA, with Germany seeing a price surge of diethylene glycol. This increase was primarily due to constrained regional supply and a significant rise in local demand. At the same time, the number of international offers declined by a slight margin due to the disruption of supply chains amid the ongoing Israel-Hamas crisis.

The feedstock, ethylene oxide prices also rose adding to production costs along with the inclining prices of crude oil. Additionally, logistics hurdles, including disruptions in marine freight due to the Red Sea crisis and protests in the European region, further complicated supply-demand dynamics. The shutdown of key players like the Eastern Petrochemical Company and Yanbu National Petrochemical Company due to maintenance and loss of export volumes, respectively, reduced feedstock inventory, contributing to export price increases.

North America

The diethylene glycol prices surged by a significant margin in North America in the first quarter of 2024, driven by heightened downstream demand amid tight supply conditions. Several major players, including Dow Chemical, Indorama Venture, and Lotte Chemical Corporation, either shuttered production units or reduced operational capacities due to freezing cold weather conditions, disrupting the supply chains.

On the other hand, the demand rates from the downstream sectors like polyester and antifreeze improved significantly, fueled by the improving macroeconomic indicators. This combination of factors resulted in a significant supply-demand gap overtaken by insufficient feedstock inventory, prompting key players to raise product prices.

Analyst Insight

According to Procurement Resource, the price trend of Diethylene Glycol is estimated to depict a bleak trajectory in the forthcoming quarters as the uncertain demand from the downstream industries and feeble outlook of feedstock material might hinder the growth of the market.

Diethylene Glycol Price trend for the October - December of 2023


The Diethylene Glycol market experienced mixed behavior in the Asian region during the final quarter of the year 2023. Since the downstream demands from the plastic, paint, coating, textile, etc industries were about regular, the availability and costs of the feedstock ethylene oxide and ethylene became the primary market drivers for diethylene glycol.

The Chinese diethylene glycol market still performed better than the corresponding Indian market. The Indian diethylene glycol market experienced a slight fall in prices; however, the Chinese market saw a marginal growth in the prices owing to the development in the ethylene market trend. Overall, these variations in the diethylene glycol price patterns exuded mixed market sentiments throughout the entire discussed period.


The European market trend were observed to be struggling during the given span of Q4’23. Along with the sluggishness in the feedstock ethylene and the ethylene oxide markets, the diminished demands from the consuming industries also played their part. Further, industrial activities came to a standstill as the holiday season approached, negatively influencing the prices.

North America

The North American diethylene glycol market, too, behaved in accordance with the European market. The market prices were observed to be fluctuating at the lower end of the quarter. However, there were some short-lived and temporary upward movements in the price graph. Nonetheless, the market remained weak throughout the said period.

Analyst Insight

According to Procurement Resource, the Diethylene Glycol market prices are expected to continue to waver lowly in the coming months. Since no sudden rises in downstream demands are projected, the price trend are likely to behave in a similar way.

Diethylene Glycol (DEG) Price trend for the July-September of 2023


Diethylene Glycol (DEG) experienced mixed price trend in the Asian market in the third quarter of the year 2023. The quarter began on a lower note, with the high inventories and dull demands pushing the prices down in July’23. However, the mid-quarter period witnessed a reverse shift since the industrial demands steadily started picking up.

To the supplier’s respite, the product movement paced up a little, causing the Diethylene Glycol price graph to shift in an upward direction. The quarter ended on a more stable note as the price trend wavered at a moderate level. Cost support from the raw material ethylene was also crucial in stabilizing the overall Diethylene Glycol market outlook in the Asian region. The general market sentiments were moderate.


The European diethylene glycol market almost mimicked the Asian diethylene glycol market trend since, after an underwhelming run in the first half of the third quarter, the price trend tilted upward in the second half. Industrial consumption from paints, costings, plastics, etc. sectors drove the price trend along with the available inventory stocks. Overall, mixed market sentiments were observed.

North America

The North American price trend for diethylene glycol were no different from the global trend. After a sluggish run in the former half of the quarter, the price trend started showing improvements from mid-quarter. The oscillations in the price index largely followed the fluctuations in downstream demands from the consuming sectors. The general market outlook was observed to be mixed.

Analyst Insight

According to Procurement Resource, Diethylene Glycol prices are anticipated to strive for stabilization going forward as the gap between supply and demand dynamics is seemingly shortening.

Diethylene Glycol Price trend for the First Half of 2023


In the Asia-Pacific region, the prices of diethylene glycol followed a positive trend as the depleting level of inventories and high demand from the end-user industries supported this growth trend. The traders suffered from a reduction in stockpiles, and along with low production rates, the supply of feedstock materials also remained tight in the first two quarters. Further, plasticizers and polyester resin industries witnessed a surge in their number of sales, which in turn also elevated the prices of diethylene glycol.


In Europe, the supply of diethylene glycol was disrupted, and the stocks of diethylene glycol declined fast amid high-demand scenarios. In addition to this, the prices of crude oil faced high uncertainties, and the prices of feedstocks rose consistently.

In the second quarter, the situation overturned as the market for diethylene glycol enjoyed high demand such that the existing level of inventories was not able to fulfill it in the first half of this quarter. But soon, the conditions returned to their normal levels after a decrease in the support from the feedstock sector and a decline in the cost of production in the second half of the second quarter.

North America

In North America, the first quarter prices of diethylene glycol were the positive consequence of rising prices of raw materials and, in turn, the high cost of production. In North America, several diethylene glycol plants underwent maintenance shutdowns, leading to the depletion in existing stock levels, but the influx of imports from Saudi helped maintain the level of supply.

The trend continued its upward movement in the second quarter, too, as the low level of inventories and instability in the prices of crude oil were beneficial for the prices of diethylene glycol.

Analyst Insight

According to Procurement Resource, the price trend of Diethylene Glycol is expected to fluctuate as the rates of procurement from the downstream sectors seem to be guided by the global economic conditions.

Procurement Resource provides latest prices of Diethylene Glycol. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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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.

Product Details

Report Features Details
Product Name Diethylene Glycol
Industrial Uses Plastic, oil, paint, coatings, natural gas industry, textile dyes
Chemical Formula C4H10O3
HS Number 29094300
CAS Number 111-46-6
Synonyms 2- (2-hydroxyethoxy) ethanol, Diglycol
Molecular Weight 106.12 g/mol
Supplier Database CNPC, Reliance Group, SABIC, BASF, Royal Dutch Shell PLC
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-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.

Production Processes

Diethylene glycol is obtained by the partial hydrolysis of ethylene oxide which is produced by the oxidation of ethylene.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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