Monoethylene glycol: Trading
Dalian futures and the Gulf's monthly contract
Dalian futures and the Gulf's monthly contract What this tab covers How it is bought and sold: buyers and sellers, price benchmarks and who publishes them, exchanges, contract types, traders, how Indian buyers price it, recent price points, and good sources to follow.Who buys, and where
- Saudi Arabia and Kuwait (term and spot)
- US Gulf
- Singapore
- Taiwan and Korea
Who sells, and from where
- China (East China ports: Zhangjiagang, Jiangyin, Ningbo)
- India (Mumbai, Hazira)
- Turkey
- Europe
Price benchmarks
| Benchmark | Publisher | Basis |
|---|---|---|
| MEG CFR China | Argus / ICIS / Platts | spot, daily |
| MEG ex-tank East China | Argus / CCF | domestic spot, CNY/t |
| MEG European contract | Argus / ICIS | monthly or quarterly contract |
| MEG US contract and spot | Argus / ICIS | monthly contract, c/lb |
Exchanges
| Venue | Contract | Notes |
|---|---|---|
| Dalian Commodity Exchange | Ethylene glycol (EG) futures, 10 t lots, launched December 2018 | liquid; used by polyester makers to hedge |
Contract types
- Asian contract price (ACP) monthly term deals from Gulf producers
- Spot cargoes of 5,000-40,000 t
- Index-linked term contracts (CFR China average)
Traders and distributors
- Sinochem
- Xiamen C&D
- Mitsui
- Mitsubishi Corporation
- Vitol
- Glencore
How Indian buyers price it
- Indian buyers price imports on CFR India, usually a small premium to CFR China, with ACP-linked term contracts from SABIC and MEGlobal (indicative).
- Reliance sells domestically at import parity.
- Argus tracked cargo arrivals into Mumbai and Hazira in October-November 2025.
Recent price points
| Date | Price | Basis | Source |
|---|---|---|---|
| 1 Oct 2025 | $508/t | CFR China spot | Argus EO and Derivatives, Oct 2025 |
| 1 Oct 2025 | CNY 4,311.50/t | ex-tank China | Argus, Oct 2025 |
| Oct 2025 | €735/t | Europe monthly contract, delivered | Argus, Oct 2025 |
| 1 Oct 2025 | 20.60 c/lb (about $454/t) | US spot FOB | Argus, Oct 2025 |
Good sources to follow
Argus EO and Derivativespaid research site · Argus MediaMEG prices, capacity and shipments
fibre2fashion market updatesfree newsletter · Fibre2FashionPX, PTA, MEG and polyester price moves
Hellenic Shipping Newsfree newsletter · Hellenic Shipping News WorldwideICIS weekly Asia petrochemicals including MEG
Mysteel Globalfreemium research site · MysteelChinese chemical markets