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Polytetramethylene Ether Glycol (PTMEG) Price Trend and Forecast

Procurement Resource provides latest prices of Polytetramethylene Ether 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.

Regional Market Overview

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

PTMEG Price Trend for the First Half of 2022

Asia

The price trends of PTMEG consistently rose in the Asia-Pacific region during the said period. The strong demand from the polyurethanes, adhesives and paints sector kept the prices from falling. Covid inflicted shutdowns caused the industrial output to decline, causing market shortages.

These shortages were further aggravated by the geopolitical turbulence in the wake of the Russia-Ukraine conflict when precious black sea exports were halted, channeling a domino chain of economic repercussions. Despite the supply-side constraints, the buoyant market demand kept the prices from falling and pushed them towards the higher end of the scale. The cost of PTMEG averaged 4900 USD/MT during the said period.

Europe

PTMEG prices averaged a whopping 6550 USD/MT in the European domestic market, given the economic downturn and difficulty in sourcing amid flourishing demand from the textile and polyester industries. The exact pricing dynamics continued in the second quarter. However, towards the end of Q2, only marginal rises were seen in the PTMEG prices as the consistent inflationary prices took a toll on the demand fundamentals of the market.

North America

The price trends in the US domestic market closely mimicked the global outlook. The soaring demand for spandex (the largest end-use application of PTMEG) in the market supported the high prices of PTMEG. The inflated feedstock MEG prices in the wake of rising crude oil and gas prices added to the upstream cost pressure. The PTMEG prices averaged 5600 USD/MT during the said period.

Analyst Insight

According to Procurement Resource, the prices of PTMEG will likely plateau and stabilize in the upcoming months. As the demand turns sluggish, the prices will come under pressure considering the ample availability of the product in the market.

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About:

Polytetramethylene Ether Glycol (PTMEG) is a white waxy solid polyol which upon melting turns into a clear, colourless, viscous liquid. It is mainly used in the production of polyurethane fibers, elastomers and copolyester-ether.

Product Details:

Report Features Details
Product Name Polytetramethylene Ether Glycol (PTMEG)
Chemical Formula C6H16O3
CAS Number 24979-97-3
Industrial Uses Production of polyurethanes, polyesters & polyamides
HS Code 39072090
Molecular Weight 136.18 g/mol
Synonyms Polytetrahydrofuran, PTMEG, Tetramethyletherglycol
Supplier Database BASF SE, Mitsui Chemicals, Inc., BASF SE, Genomatica, Asahi Kasei Corp., DuPont, The Dow Chemical Company
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


Production Processes:

  • Production of Polytetramethylene Ether Glycol from Tetrahydrofuran

In this process, tetrahydrofuran is mixed with the catalyst fluorosulfonic acid. As a result of this, polymerization products are formed, namely, polytetramethylene ether chains with sulfur ester groups. Sulfates are then hydrolyzed with water and the acid is removed.

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Methodology:
 
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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