Renewed fighting between US and Iran has slowed shipping through the Gulf of Hormuz, disrupting supply routes. Benchmark crude prices have climbed sharply from pre-conflict levels, reflecting heightened geopolitical risk. The upward price pressure is likely to continue while tensions persist.
Intensified US-Iran military actions disrupt oil shipments through the Strait of Hormuz, causing a sharp spike in crude oil prices. The price jump leads to severe depreciation of the Indian rupee, raising import costs and inflationary concerns.
| Product | Category | Region | Price | Last Updated Month |
| Polytetramethylene Ether Glycol (PTMEG) | Chemicals | Turkish | 2,423 USD/MT | January 2025 |
| Polytetramethylene Ether Glycol (PTMEG) | Chemicals | Turkish | 2,438 USD/MT | February2025 |
Stay updated with the latest Polytetramethylene Ether Glycol (PTMEG) prices, historical data, and tailored regional analysis
Asia
During the first quarter of 2025, Polytetramethylene Ether Glycol (PTMEG) prices in Chinese markets followed trends in the upstream market, particularly butadiene, its primary feedstock. Prices initially increased due to limited supply and higher production costs, which producers passed on to consumers. However, as upstream prices declined later in the quarter, PTMEG prices also fell. Many buyers postponed purchases, anticipating further price reductions. Additionally, trading slowed during the Lunar New Year holidays, contributing to weaker demand. The sluggish performance of the automobile and textile industries further pressured PTMEG prices, leading to a decline toward the end of the quarter.
Meanwhile, in Turkey, PTMEG prices exhibited a gradual increase throughout the first quarter of 2025. Prices stood at approximately $2,423 per metric ton (CIF) in January and $2,438 per metric ton (CIF) in February in the Turkish market. The steady upward trend was mainly driven by stable feedstock costs and consistent demand from downstream sectors such as spandex and polyurethane. Unlike other regions, Turkey experienced fewer supply disruptions, ensuring a smoother price progression. Month-on-month changes reflected mild price gains, with buyers maintaining regular procurement. Forecasts indicate that prices may continue to rise moderately, supported by steady demand and controlled supply levels.
Europe
In Europe, PTMEG prices mirrored those in China. Early in the quarter, rising upstream costs pushed PTMEG prices higher. Additionally, regional production challenges and transportation difficulties further exacerbated the price increase. However, as upstream prices eased later in the quarter, PTMEG prices followed suit. Weak demand from downstream markets, including spandex and polyurethane, discouraged large-scale purchases. Furthermore, an influx of competitively priced imports from Asia added downward pressure on European PTMEG prices. By the end of the quarter, prices had declined, with little indication of a recovery due to easing supply conditions and persistently weak demand.
North America
In North America, PTMEG prices followed a similar trajectory to those in Asian and European markets. As upstream costs rose at the beginning of the quarter, PTMEG producers increased their prices to offset higher production expenses. However, as feedstock prices declined, PTMEG prices also trended downward. Demand from key industries such as textiles and automotive production remained weak, limiting any prospects for price recovery. Unlike other regions, North America faced fewer supply chain disruptions, ensuring a steady market supply. However, sellers struggled to maintain elevated prices, and by the end of the quarter, PTMEG prices had eased due to oversupply and subdued demand.
Analyst Insight
According to Procurement Resource, the Polytetramethylene Ether Glycol price curve is expected to maintain fluctuating movements in the upcoming months, reflecting trends in upstream sectors.
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Asia
Polytetramethylene Ether Glycol (PTMEG) prices in China followed a predominantly wavering trajectory during the fourth quarter of 2024, closely mirroring trends in the upstream market. The decline was driven by reduced production costs and weak demand from industries such as textiles and spandex. Additionally, falling crude oil prices amid concerns of oversupply exerted further downward pressure. Most buyers delayed purchases, anticipating further price declines. However, toward the end of the quarter, there were slight price gains as butadiene prices stabilized and buying activity increased. Despite this, overall market sentiment remained subdued.
In Turkey, PTMEG prices also declined during the fourth quarter, although the decrease was less pronounced than in China. Prices stood at approximately $2,489 per metric ton (CIF) in October and $2,398 per metric ton (CIF) in December. Strong demand from applications such as spandex and polyurethane provided some support to prices. While the global decline in crude oil prices affected the market, Turkey's conditions remained relatively stable. Minor price increases were observed at the end of the quarter as feedstock prices stabilized and buying activity improved. However, the recovery remained limited.
Europe
In Europe, PTMEG prices mirrored the declining trend observed in China. Falling butadiene and crude oil prices reduced production costs, but subdued demand from downstream industries and excess supply hindered any significant price recovery. Additionally, an influx of imports from Asia exerted additional downward pressure. While some producers attempted to curb output to manage excess supply, the impact on prices was minimal. By the end of the quarter, prices had slightly stabilized, but overall market sentiment remained weak.
North America
North America's PTMEG market followed a similar trend, with prices declining alongside upstream market movements. Weak demand from the automobile and textile sectors contributed to overall market softness. Despite efforts by producers to limit production and manage inventories, oversupply continued to weigh on prices. Toward the end of the quarter, a marginal price increase was observed as butadiene prices stabilized. However, with demand remaining sluggish, the market failed to achieve any meaningful recovery, and a generally cautious sentiment prevailed.
Polytetramethylene Ether Glycol (PTMEG) is a white waxy solid polyol which upon melting turns into a clear, colourless, viscous liquid. It is mainly used in the production of polyurethane fibers, elastomers and copolyester-ether.
C6H16O3
Production of polyurethanes, polyesters & polyamides
Production of polyurethanes, polyesters & polyamides
BASF SE, Mitsui Chemicals, Inc., BASF SE, Genomatica, Asahi Kasei Corp., DuPont, The Dow Chemical Company
CurrencyUS$ (Data can also be provided in local currency)
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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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This report shows the cost structure of ethylene glycol production from the hydrolysis of ethylene oxide.
This report provides the cost structure of ethyl tert-butyl ether production using C4 raffinate stream or raffinate-1 or butane or isobutylene along with ethanol.
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