Poly(ethylene glycol)

Polyethylene Glycol (PEG) Recent Commodity Market Intelligence Analysis

I. Market Price Dynamics
(A) Quotations by Molecular Weight
1. Molecular Weight 400
- Jinan Jinrihe Chemical Co., Ltd. (Saudi-sourced): RMB 6,800/ton
- Shandong Yushuo Chemical Co., Ltd. (Saudi-sourced/Imported): RMB 7,500/ton
- Shandong Jinshengrun Chemical Co., Ltd. (Saudi-sourced): RMB 6,900/ton
- Shanghai Shijian Industrial Co., Ltd. (Shijian Chemical): RMB 9,000/ton
- Wuhan Hengjiu Chemical Co., Ltd. (Saudi-sourced): RMB 7,100/ton

2. Molecular Weight 200
- Jinan Jinrihe Chemical Co., Ltd. (Saudi-sourced): RMB 6,900/ton
- Shandong Yushuo Chemical Co., Ltd. (Saudi-sourced/Imported): RMB 7,400/ton
- Shandong Jinshengrun Chemical Co., Ltd. (Saudi-sourced): RMB 6,700/ton
- Shandong Fushengyong Trading Co., Ltd. (Saudi-sourced): RMB 7,200/ton

3. Molecular Weight 600
- Jinan Jinrihe Chemical Co., Ltd. (Domestically produced): RMB 7,200/ton
- Jiangsu Xinsu New Materials Co., Ltd. (Domestically produced): RMB 8,000/ton

4. High-Molecular-Weight Products
- PEG 2000–10000 (Shandong Junfeng New Materials Co., Ltd., domestically produced): RMB 11,000/ton
- PEG 6000 (powder form, Jinan Jinrihe Chemical, domestically produced): RMB 8,200/ton
- PEG 6000 (tablet form, Jinan Jinrihe Chemical, domestically produced): RMB 7,200/ton
- PEG 8000 (powder form, Jinan Jinrihe Chemical, domestically produced): RMB 9,200/ton
- PEG 8000 (tablet form, Jinan Jinrihe Chemical, domestically produced): RMB 8,200/ton
- PEG 10000 (Shandong Jinshengrun Chemical, domestically produced): RMB 9,600/ton

(B) Price Trend Analysis
- Short-Term Fluctuation: From June 3 to June 5, the national average market price declined from RMB 7,850/ton to RMB 7,550/ton, representing a 3.82% drop.
- Regional Disparities: Shanghai quotations are notably higher than those in other regions (e.g., RMB 9,000/ton for MW 400), reflecting brand premium and logistics costs; Shandong exhibits intense price competition, with MW 400 quotations ranging from RMB 6,800 to RMB 8,000/ton.

II. Market Drivers Analysis
(A) Raw Material Cost Transmission
- Ethylene Oxide Prices: Significant volatility occurred in February 2026 (low of RMB 6,600/ton, high of RMB 8,500/ton); prices stabilized in April, prompting some manufacturers to raise prices to offset cost pressures. As of July 6, domestic mainstream quotations stood at:
East China region: RMB 6,800/ton
South China region: RMB 6,700–6,800/ton
North China region: RMB 6,650/ton
Central China region: RMB 6,800–7,600/ton

(B) Supply-Demand Dynamics
- Supply Side: As the primary production base, Shandong province enables manufacturers to reduce costs via economies of scale, resulting in fierce pricing competition for standard-grade products (quotations range RMB 6,700–7,500/ton).
- Demand Side:
Pharmaceutical Sector: PEG 400 and PEG 6000 are widely used in injectables and oral formulations, collectively accounting for over 65% of total demand in 2024; demand for high-molecular-weight products (e.g., PEG 10000) in long-acting protein therapeutics and nanocarrier drug delivery systems grew by more than 12% year-on-year.
Emerging Applications: Expansion into 3D printing materials and new-energy battery sectors provides incremental market growth.

(C) Policy and Industry Trends
- Accelerated Domestic Substitution: Domestic enterprises are intensifying R&D efforts on pharmaceutical-grade PEG; self-sufficiency is projected to reach 50% by 2028, indicating substantial import substitution potential.
- Stricter Environmental Regulation: Driving technological upgrades among producers, increasing demand for high-purity, low-residue products.

III. Competitive Landscape and Key Player Updates
(A) Domestic Market Concentration
- Top Five Enterprises’ Combined Market Share: Approximately 60% in 2024—Yangzi BASF (22%) and Dow Chemical (15%) lead as dominant suppliers; domestic players such as Guangzhou Tinci High-Tech Materials and Shandong Luwei Pharmaceutical jointly hold ~5%.

(B) Segmented Market Divergence
- Standard-Grade Market: Companies including Shandong Yushuo Chemical and Jinan Jinrihe Chemical compete aggressively on cost through large-scale production.
- Premium-Grade Market: Nantong Runfeng Chemical (cost-effectiveness advantage in personal care applications) and Hai’an Ruida Chemical (customized oilfield services) occupy niche segments; Jiangsu Kelun Chemical holds five patents for high-purity production processes, enabling expanded product premium margins.

IV. Outlook and Risk Assessment
(A) Price Forecast
- Short Term (1–3 months): Standard-grade products may remain range-bound between RMB 6,500–7,500/ton due to raw material price volatility and tightening environmental policies; premium-grade products are expected to maintain stability or experience modest upward movement driven by rising demand.
- Medium-to-Long Term (1–3 years): The pharmaceutical-grade segment holds significant growth potential in advanced drug delivery systems; the market size is projected to exceed RMB 2 billion by 2030, shifting the price center upward for premium products.

(B) Key Risk Factors
- Raw Material Price Volatility: Ethylene oxide and other feedstock prices are subject to global energy market fluctuations, potentially triggering cost pass-through effects.
- International Trade Frictions: Geopolitical risks could disrupt the supply stability of imported raw materials.
- Intensifying Industry Competition: Oversupply pressure in standard-product segments may drive downward price pressure; SMEs must pivot toward specialized niches.

(C) Opportunity Outlook
- Emerging Application Areas: Growing demand from eco-friendly coatings, high-performance textiles, and electronic chemicals offers new growth avenues.
- Policy Incentives: National support for domestic high-end excipient development—including tax incentives and dedicated funding programs—will accelerate industry technological upgrading.