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Glycols and Glycol Derivatives: 2025 Market Review
Monoethylene Glycol (MEG)
A Tight Start to 2025
North American MEG entered 2025 in a relatively tight and higher-priced position. MEGlobal’s benchmark hovered near 34 cts/lb in March, while U.S. contract prices for fiber, industrial, and antifreeze grades landed in the 0.21–0.24 cts/lb range. Supply was constrained by unplanned outages and a turnaround/failed restart at Lotte's Lake Charles facility. Meanwhile, seasonal demand was underwhelming, and PET-related offtake lagged. Concerns about potential U.S. tariffs on Canadian rail deliveries briefly prompted some suppliers to add surcharges before the tariff action was postponed.
A Tight Start to 2025
North American MEG entered 2025 in a relatively tight and higher-priced position. MEGlobal’s benchmark hovered near 34 cts/lb in March, while U.S. contract prices for fiber, industrial, and antifreeze grades landed in the 0.21–0.24 cts/lb range. Supply was constrained by unplanned outages and a turnaround/failed restart at Lotte's Lake Charles facility. Meanwhile, seasonal demand was underwhelming, and PET-related offtake lagged. Concerns about potential U.S. tariffs on Canadian rail deliveries briefly prompted some suppliers to add surcharges before the tariff action was postponed.
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