Polytetramethylene Ether Glycol (PTMEG) Price Trend and Forecast

Regional Price 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).

Polytetramethylene Ether Glycol (PTMEG) Price Trend for the Q1 of 2024


Polytetramethylene Ether Glycol (PTMEG) exuded a positive market performance during the first quarter of 2024. The price trend for PTMEG followed the market trajectory of its feedstock material, tetrahydrofuran, for the majority of the said period. Along with this the fluctuations in the raw materials butane and butadiene too influenced the polytetramethylene ether glycol market in Asia.

PTMEG Price Chart

Polytetramethylene Ether Glycol (PTMEG) Price Trends and Forecast

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The market outlook was largely positive for the majority of the said period. Since the beginning of the year, the downstream polyurethane and polymer industries have been seen making good purchases. A rapid incline in crude oil and energy prices also motivated the polytetramethylene ether glycol market in a positive direction. Even when the demands dipped occasionally in the latter phases of the quarter, the heightened upstream costs kept the prices anchored. Overall, a moderate market performance was experienced with fine supply and demand dynamics for the major part.


Contrary to the Asian market, the European PTMEG market saw swift fluctuations during the first quarter of 2024. The upstream costs rode high for the entire team since the energy and transportation charges increased multifolds. Because of this the price trend too began on a firm note in January since whatever orders the consumers placed initially were made at higher prices.

However, as the number of purchases saw a decline in the following months, the suppliers were forced to discount the prices in order to maintain the market’s momentum. So, after inclining marginally in the first half the polytetramethylene ether glycol prices declined in the second half in the European markets.

North America

The American PTMEG market mimicked its European counterpart during the given span of Q1’24. After some early sunny days for suppliers, the buyer behavior started reversing. The initial upward push was largely subjected to the increased demands from the downstream consuming industries and the rise in energy and manufacturing costs.

However, the market trajectory altered, and the price trend started settling down. After an initial incline, the price graph plateaued in the latter half of the quarter. The supply and demand dynamics turned more equal as the gap between the upstream and downstream outlooks narrowed with time.

Analyst Insight

According to Procurement Resource, Polytetramethylene Ether Glycol (PTMEG) price trends are expected to remain moderate in the coming months; the projections look optimistic going forward.

Polytetramethylene Ether Glycol (PTMEG) Price Trend for the October - December of 2023


The Asian Polytetramethylene Ether Glycol industry witnessed some positive market sentiments during the fourth quarter of the year 2023. Feedstock tetrahydrofuran prices primarily influenced the Polytetramethylene Ether Glycol market trend during this time. The Indian Polytetramethylene Ether Glycol market saw the monthly average prices going from about 2727 USD/MT (Grade 1800, CIF Contract) in October’23 to around 2795 USD/MT in December’23, registering an overall incline of around 2%.

Similarly, the Chinese Polytetramethylene Ether Glycol prices witnessed a market growth of approximately 4% during the discussed period as the monthly average spot prices in China went from about 2659 USD/MT (Grade 2000, FOB, Spot) in October’23 to around 2790 USD/MT in December’23. Overall, rising market trend were witnessed for Polytetramethylene Ether Glycol.


The European market trend for Polytetramethylene Ether Glycol witnessed the consolidation of prices during the fourth quarter of the year 2023. The supply and demand outlooks were largely observed to be aligned with each other; thus, the prices oscillated within a very narrow range during Q4’23.

North America

The North American Polytetramethylene Ether Glycol market was more influenced by the Asian market, as the prices followed a similar trajectory here as well. With an affirmative demand outlook from the downstream consumption industries, the Polytetramethylene Ether Glycol prices wavered at the positive side of the curve for a majority of the given period.

Analyst Insight

According to Procurement Resource, the Polytetramethylene Ether Glycol price trend are expected to continue wavering similarly in the coming months since the market drivers do not suggest much change in the pricing outlook.

Polytetramethylene Ether Glycol (PTMEG) Price Trend for the July - September of 2023


The polytetramethylene ether glycol (PTMEG) prices witnessed an incline in the quarterly price trend of Q3’23 as the downstream demands from the polyurethane producing industries remained high throughout the given span of three months.

In China, the market started positively but at a slower pace at the beginning of the quarter in July of 2023. As the quarter progressed, polytetramethylene ether glycol prices grew even more. The Chinese monthly average spot prices (for Grade 2000 polytetramethylene ether glycol) inclined from approx.2350 USD/MT in July to about 2555 USD/MT in September’23, registering an approximate quarterly incline of about 8%.

Relative to the steep incline in the Chinese market, the Indian polytetramethylene ether glycol market was largely stable as the prices fluctuated within very confined limits. The prices slid marginally from July to August and then rebounded in the next couple of months. From July to September, the average monthly polytetramethylene ether glycol prices (CIF, Grade 1800) shifted from about 2650 USD/MT to about 2647 USD/MT. Overall, mixed market sentiments were observed.


The European polytetramethylene ether glycol market was mostly found to be swinging at the lower end of the price graph. The lackluster demands from polyester and polyurethane manufacturing firms primarily drove the market sentiments. A considerable dip in the upstream costs, because of reduced freight and transportation costs, also influenced the slumping nature of the polytetramethylene ether glycol price curve of Q3’23. Overall, dull market trend were witnessed.

North America

The North American polytetramethylene ether glycol market prices were more influenced by the Chinese market trend since a consistent inclination was witnessed in the American market as well. Eased offshore trade aspects after a long time promoted healthy market dynamics. Even though the inclinations were mostly marginal, consistent improvements were observed.

Analyst Insight

According to Procurement Resource, the Polytetramethylene Ether Glycol market trend are expected to improve going forward in the coming months, given the current demand and pricing fundamentals.

Polytetramethylene Ether Glycol (PTMEG) Price Trend for the First Half of 2023


The prices of PTMEG in the Asia Pacific region gradually declined in the first and second quarters of 2023. In China, the spot prices of PTMEG fell from around 2471 USD/MT ( Grade 2000, FOB China) in January’23 to 2324 USD/MT ( Grade 2000, FOB China) in June’23. This decline was majorly attributed to the feeble demand and uncertainties in the feedstock prices.

In addition to this, the prices also suffered from supply constraints owing to the shutdown of many industrial production units. A similar declining trend was seen in the Indian domestic market, given the stagnant demands and over-saturated markets. The contract prices of PTMEG went from around 4169 USD/MT ( Grade 1800, CIF India) in January to around 3848 USD/MT (Grade 1800, CIF India) in June’23.


In Europe, the price trend for PTMEG were affected by the poor performance of the downstream sector and the low purchasing index. The region suffered from high economic uncertainties in the first two quarters of 2023, negatively impacting PTMEG prices. Thus, the confidence of consumers declined in the market, which widened the supply and demand gap.

North America

In the first half of 2023, the North American market witnessed a fluctuating trend for PTMEG prices. The price trend was guided by volatility in the cost of feedstock. In the initial months, the trend moved upwards as the demand for the products in the region improved, but in the subsequent months, the prices moved in the negative direction with the rise in inflation and the shadows of a global recession. The region also faced supply chain disruptions that aided the fall in prices.

Analyst Insight

According to Procurement Resource, the price trend for Polytetramethylene Ether Glycol (PTMEG) are estimated to remain unsettled in the upcoming quarter. The interplay between feedstock prices and weak demand amidst the rising inflation rates will likely drive the PTMEG market.

Polytetramethylene Ether Glycol (PTMEG) Price Trend for the Second Half of 2022


The prices of PTMEG followed a downward trajectory in the Asia Pacific region in the last two quarters of 2022. The price trend for PTMEG were affected by the feeble demand and frequent natural disasters in the China region. In addition, the slow movement of the market, reduced output of the end-user sector, and cuts in domestic production also negatively impacted the PTMEG prices. In the fourth quarter, the feedstock prices dipped along with the poor performance of the textile sector, which further aided the falling trajectory.


The prices of PTMEG dipped in the third and fourth quarters of 2022 as the demand for the product remained sluggish in the region. Along with this, the effect of the ongoing Russia-Ukraine conflict and sanctions imposed on trade with Russia also negatively impacted the PTMEG market. The economic slowdown resulted in weak buying potential, and thus, the number of new orders in the region declined, resulting in negative price trend.

North America

A declining trajectory in the prices of PTMEG was observed in the North American region as the support from the feedstock material was weak, and the producers received a low number of inquiries from the end-user sector. In the fourth quarter, the prices also suffered from the increasing energy rates, rising inflation, and weak demand due to the holiday season that aided the downward shifting of PTMEG prices.

Analyst Insight

According to Procurement Resource, the price trend for Polytetramethylene Ether Glycol (PTMEG) are estimated to showcase a mixed trend in the upcoming quarter. The prices of PTMEG will be affected by the rise in global inflation and subdued demand from the end-user industries.

Polytetramethylene Ether Glycol (PTMEG) Price Trend For the First Half of 2022


The price trend 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.


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 trend 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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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

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

  • 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.


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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