# Monoethylene glycol: Trading

Dalian futures and the Gulf's monthly contract

Source page: https://www.materialinsights.org/chemicals/meg/trading/

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 Derivatives](https://view.argusmedia.com/rs/584-BUW-606/images/CHE-Sample-Report-Argus%20Ethylene%20Oxide%20and%20Derivatives%20%282025-10-01%29.pdf?version=0)paid research site · Argus Media

MEG prices, capacity and shipments
[fibre2fashion market updates](https://www.fibre2fashion.com/news/textile-news)free newsletter · Fibre2Fashion

PX, PTA, MEG and polyester price moves
[Hellenic Shipping News](https://www.hellenicshippingnews.com)free newsletter · Hellenic Shipping News Worldwide

ICIS weekly Asia petrochemicals including MEG
[Mysteel Global](https://www.mysteel.net)freemium research site · Mysteel

Chinese chemical markets

## Other sections

- [Summary](https://www.materialinsights.org/chemicals/meg/index.md)
- [Overview](https://www.materialinsights.org/chemicals/meg/overview/index.md)
- [Correlation](https://www.materialinsights.org/chemicals/meg/correlation/index.md)
- [Production route](https://www.materialinsights.org/chemicals/meg/routes/index.md)
- [Production](https://www.materialinsights.org/chemicals/meg/production/index.md)
- [Feedstocks](https://www.materialinsights.org/chemicals/meg/feedstocks/index.md)
- [Cycles](https://www.materialinsights.org/chemicals/meg/cycles/index.md)
- [Movement](https://www.materialinsights.org/chemicals/meg/movement/index.md)
- [Regulation](https://www.materialinsights.org/chemicals/meg/regulation/index.md)
- [Characteristics](https://www.materialinsights.org/chemicals/meg/characteristics/index.md)
- [Emissions](https://www.materialinsights.org/chemicals/meg/emissions/index.md)
- [Relationships](https://www.materialinsights.org/chemicals/meg/links/index.md)