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Glycerine Price Trend and Forecast

UNSPC code: 51241869
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⟳ Weekly Update
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Historical Data Since 2015
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Forecast for 2026

glycerine Price Trends by Country

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Global glycerine Spot Market Prices, Trend Analysis and Forecast

Glycerine Price Trend Q3 2025

In Q3 2025, Glycerine prices across Asia Pacific posted stable to slight gains, with Malaysia’s crude export prices, Indonesia’s refined export prices, China’s domestic refined glycerine prices, and India’s domestic refined prices all generally rising in a modest range of 1-3% quarter-on-quarter as the glycerine price trend in Malaysia, Indonesia, China, and India reflected subdued market enthusiasm.

Buyers exercised caution, avoided aggressive bulk procurement, and favored strategic purchases while sellers used incentives to spur shipments. Regional supply remained balanced and demand steady but unspectacular, resulting in muted trading volumes and calm pricing adjustments. These market conditions indicate a normalization phase, as suppliers and buyers gradually adapted their procurement and contracting strategies to ongoing sectoral shifts, logistics adjustments, and competitive pressures.​​

Malaysia

Glycerine (Crude: 80%) Export prices from Malaysia.

In Q3 2025, Crude Glycerine prices in Malaysia stabilized, as the glycerine price trend in Malaysia marked a marginal 0.20% quarter-on-quarter decrease to USD 479–514 per metric ton. Market activity was subdued, with buyers exercising caution and avoiding bulk commitments at elevated prices. Demand from personal care and food industries remained stable, but fewer large orders kept pricing flat.

In September 2025, Glycerine prices rose 6.12%, driven by specific procurement surges and short-term supply adjustments. Producers introduced measured incentives to stimulate higher volume transactions, resulting in controlled pricing pressure. The market closed Q3 with balanced supply, steady demand, and muted trading sentiment, setting the stage for calm negotiations and gradual value adjustment in subsequent quarters.​

Indonesia

Glycerine (Refined: 99.5%, USP) Export prices from Indonesia.

In Q3 2025, Glycerine prices in Indonesia showed limited increases, reflected in the glycerine price trend in Indonesia, with only a 2.14% quarterly rise to USD 747–841 per metric ton. Trading volume was muted, as buyers shifted to a wait-and-see stance given the high benchmarks and competitive offers from alternate suppliers. In September 2025, glycerine prices fell by 1.32%, with subdued demand from packaging, food, and personal care sectors.

Market players faced higher inventory costs but found limited support for broad price increases. With supply stability, but restrained inquiries and reduced orders from key industries, sellers leaned towards incentive programs for larger shipments. Q3 2025 ended with stable but unspectacular price performance, signaling readiness for more normalized and competitive future negotiations in the Indonesian Glycerine marketplace.​​

China

Glycerine (Refined: 99.5%, USP) Domestically Traded prices Ex-Tianjin.

In Q3 2025, Glycerine prices in China posted only slight gains, with the glycerine price trend in China showing a modest 2.27% quarter-on-quarter rise, trading at USD 867–936 per metric ton. Trading volumes and speculative interest declined as buyers grew more disciplined, limiting new procurement while favoring long-term agreements. In September 2025, glycerine prices slipped by 0.85%, driven by weaker inquiries from food and industrial users and competitive pressure from overseas alternatives.

Market stability was maintained by ample domestic availability, though sellers faced mounting pressure to offer incentives. The quarter finished quietly, suggesting a transition to normalized activity, careful contract management, and expectations for gradual adjustment in the months ahead.​

India

Glycerine (Refined: 99.5-99.7%, IP) Domestically Traded prices Ex-Mumbai.

According to Price-Watch, In Q3 2025, Glycerine prices in India posted modest gains, with the glycerine price trend in India reflecting a 2.63% quarterly increase, reaching USD 1290–1395 per metric ton. The market was characterized by softer demand from food and packaging sectors, and cautious buying behavior among distributors keen to avoid overextending inventories at high prices.

In September 2025, the last month of Q3, glycerine prices edged up only 1.69%, indicating restrained enthusiasm and selective purchasing. While supplies were stable, trading activity slowed, and sellers introduced limited incentives for larger shipments. The quarter ended with a calm pricing environment, as both suppliers and buyers cautiously assessed international developments and domestic consumption patterns before executing major deals.​

Glycerine Price Trend Analysis: Q2 2025

In Q2 2025, Glycerine prices across major Asian markets recorded notable gains in the 6-17% range, as the overall price trend in Malaysia, Indonesia, China, and India strengthened on robust regional demand and constrained supply. Malaysia’s Crude Glycerine export market was bolstered by resilient food and chemical sector demand, even as sellers navigated spot price volatility and competitive pressures from Southeast Asian exporters. In Indonesia and China, Refined Glycerine prices advanced steadily, supported by export momentum, but buyers became more sensitive to high price levels, driving contract renegotiations and selective discounting. India saw pronounced bullish sentiment fueled by export surges, strong domestic consumption, and proactive inventory management. Across these countries, strategic sourcing, heightened contract scrutiny, and adaptive trading drove the quarter’s upward momentum, reflecting widespread bullish sentiment and resilient fundamentals.​​

Malaysia

Glycerine (Crude: 80%) Export prices from Malaysia

In Q2 2025, Crude Glycerine prices in Malaysia continued their ascent, reflecting a stable price trend in Malaysia with a 6.10% quarter-on-quarter increase to USD 454–500 per metric ton. While robust demand persisted across regional food and chemical segments, June 2025 saw a 0.78% dip, indicating easing enthusiasm as major buyers paused replenishment. Sellers maintained defensive pricing strategies to guard against sudden markdowns, even as spot market activity softened. Increased competition from Southeast Asian exporters imposed stricter contract negotiation standards. Q2 closed with minimal spot price volatility but persistent support for long-term contracts, ensuring overall market resilience amid evolving regional trading conditions.​

Indonesia

Glycerine (Refined: 99.5%, USP) Export prices from Indonesia. 

In Q2 2025, Glycerine prices in Indonesia remained robust, with price trend in Indonesia evidencing a further 13.14% quarterly increase to USD 753–837 per metric ton. While regional export demand stayed high, resistance from buyers in June 2025 produced a 2.32% price correction. This was due to hesitation regarding elevated spot prices, leading to contract renegotiations from key downstream processors and selective discounting by sellers to move excess inventory. Despite balanced supply conditions, logistical bottlenecks and currency fluctuations added uncertainty. Large-scale buyers held firm on annual contracts, while smaller players waited out volatility in hopes of lower prices. Thus, Q2 concluded with firm market fundamentals, strategic stockpiling, and more cautious transactional strategies as market participants adapted to ongoing cost pressures and supply shifts.​​

China

Glycerine (Refined: 99.5%, USP)  Domestically Traded prices Ex-Tianjin.

In Q2 2025, Glycerine prices in China remained elevated, noting a price trend in China highlighted by a 7.91% quarter-on-quarter increase to USD 847–925 per metric ton. Despite continued support from regional and export demand, June 2025 experienced a 2.28% dip as buyers adjusted procurement, seeking better terms amid high price benchmarks. Sellers introduced selective discounts to move surplus inventory, while cautious purchasing behavior among end-users tempered overall activity. Ongoing logistical challenges added complexity but did not significantly disrupt core supply chains. The quarter’s conclusion was marked by heightened contract scrutiny and adaptive negotiation, as market sentiment leaned towards stability with limited price escalation, reflecting the need for inventory and cost control.​

India

Glycerine (Refined: 99.5-99.7%, IP) Domestically Traded prices Ex-Mumbai.

In Q2 2025, Glycerine prices in India rebounded vigorously, highlighted by a strong price trend in India and a 17.36% quarter-on-quarter increase, pushing prices to USD 1270–1360 per metric ton. Supply constraints returned amid export demand surges and steady growth in domestic consumption, particularly from personal care and industrial applications. Competitive tension among buyers elevated spot prices, forcing bulk purchasers to commit early.

Despite higher values, transaction volumes remained robust, supported by strategic contracting and proactive inventory management. In June 2025, prices climbed 2.74%, backed by ongoing procurement and firm distributor support. This period marked a decisive shift toward bullish sentiment, positioning the market for potential further growth in upcoming quarters.​

In Q1 2025, Glycerine prices across key Asia Pacific regions advanced robustly within a 6-17% range, as the price trend in Malaysia, Indonesia, and China reflected strong regional demand, tightened supply, and active export inquiries. Malaysia’s crude Glycerine export market posted gains driven by earlier aggressive buying, although late-quarter momentum faded as cautious demand and increased competition encouraged a shift to short-term deals. Indonesia’s refined export prices moved sharply higher, supported by supply constraints, resilient downstream activity, and elevated costs, while strategic sourcing by buyers ensured continued upward pricing. China saw significant gains amid firm export and domestic demand, sustained by supply chain optimization and proactive contract management. In India, the market was more mixed, with prices initially declining due to higher inventories, but pockets of renewed demand led to selective upticks as the quarter closed.​​

Malaysia

Glycerine (Crude: 80%) Export prices from Malaysia.

In Q1 2025, Crude Glycerine prices in Malaysia rose, confirming a positive price trend in Malaysia with a 12.91% quarter-on-quarter climb to USD 365–487 per metric ton. However, late-quarter momentum faltered as prices slipped 1.49% in March 2025, reflecting softening demand signals from downstream buyers. Inventory levels rose following aggressive purchasing in Q4, prompting buyers to negotiate more cautiously. Competitive overseas offers introduced selective downward pressure, encouraging market participants to shift to short-term purchases. Sellers responded with incremental incentives and logistics flexibility, balancing contract security against spot sales volatility. The quarter closed with a moderate bullish outlook, highlighting the market’s sensitivity to shifting consumption and competitive pressures within the region.​

Indonesia

Glycerine (Refined: 99.5%, USP) Export prices from Indonesia.

In Q1 2025, Glycerine prices in Indonesia surged, supported by the ongoing price trend in Indonesia and recording a robust 17.44% slide upwards to USD 643–789 per metric ton. This expansion was underpinned by rising export inquiries, regional supply constraints, and resilient demand from downstream sectors. Domestic supply tightened as biodiesel production absorbed greater palm oil volumes, increasing competition among buyers. Higher transaction costs from logistical hurdles and the depreciating rupiah further lifted price levels. In March 2025, prices rose another 4.94%, as buyers closed contracts to secure future stocks amid concerns over supply chain disruptions. The combination of strong industry demand and persistent supply pressure helped Indonesia’s market sustain its upward momentum well into Q1, reflecting strategic sourcing in a turbulent backdrop.​​

China

Glycerine (Refined: 99.5%, USP) Domestically Traded prices Ex-Tianjin. 

In Q1 2025, Glycerine prices in China continued to strengthen, buoyed by a steady price trend in China, as prices climbed 15.12% quarter-on-quarter to USD 767–869 per metric ton. The rise was underpinned by persistent export demand, strong activity in downstream applications, and tightening forward availability. March 2025 saw a 3.58% gain, attributed to proactive bulk purchasing in anticipation of seasonal shortages and ongoing supply chain challenges. The market remained dynamic with steady price advances, reflecting active negotiations and cautious stocking by key industry players. Chinese producers managed supply risks by optimizing forward contracts while balancing export and domestic sales, maintaining an environment of robust pricing throughout the first quarter of the year.​

India

Glycerine (Refined: 99.5-99.7%, IP) Domestically Traded prices Ex-Mumbai.

In Q1 2025, Glycerine prices in India reversed course, as the price trend in India indicated a 5.72% decrease to USD 1070–1190 per metric ton. Higher inventories accumulated from prior quarters and softer seasonal demand prompted sellers to offer competitive discounts to move stock. Despite continued interest from downstream segments, many buyers opted for wait-and-see strategies as global Glycerine availability improved.

This relaxation sparked a 5.96% price uptick in March 2025 as demand rebounded and select sectors resumed regular procurement. The market remained well supplied even as sellers attempted to stabilize rates, with transaction volumes reflecting a shift toward spot orders over longer-term contracts.​

Glycerine Price Trend Analysis: Q4 2024

In Q4 2024, Glycerine prices across Malaysia, Indonesia, China, and India posted strong quarterly increases within a 10-21% range, as the price trend in Malaysia, Indonesia, China, and India reflected robust demand, tight supply conditions, and dynamic procurement strategies. Malaysia’s crude Glycerine export market surged on accelerated buying from food, feed, and personal care sectors, with sellers capitalizing on heightened seasonal activity despite supply shortages and logistics constraints.

Indonesia’s refined export prices climbed on firm export orders and active bulk procurement, while China’s domestic refined market benefited from buoyant local consumption and strategic contracting amid year-end logistics difficulties. India’s domestic market sustained upward momentum as pharmaceutical and packaging demand offset limited competition and logistical challenges. This quarter marked widespread bullish sentiment, with producers optimizing output and buyers prioritizing stock security, resulting in resilient, seasonally elevated values across the region.​​

Malaysia

Glycerine (Crude: 80%) Export prices from Malaysia.

In Q4 2024, Crude Glycerine prices in Malaysia surged, with the price trend in Malaysia showing a robust 21.09% increase quarter-on-quarter to USD 312–371 per metric ton. This upswing was driven by accelerated procurement from food, feed, and personal care sectors, alongside aggressive export sales. Supply shortages in regional port areas amplified spot price competition, while favorable palm oil market fundamentals buttressed higher pricing.

December 2024 saw a notable 19.80% jump, as contract signings and pre-holiday inventory builds spiked demand. Despite lean logistics, sellers held strong on offers, benefiting from heightened market activity and minimal discounting requirements. Q4 was marked by persistent bullish sentiment, with participants keenly optimizing capacity to capture elevated seasonal value.​

Indonesia

Glycerine (Refined: 99.5%, USP) Export prices from Indonesia.

In Q4 2024, Glycerine prices in Indonesia continued to trend upward, reflected in the persistent price trend in Indonesia. Quarter-on-quarter, prices rose by 11.63%, trading between USD 533–656 per metric ton, driven by robust export performance and solid demand from pharmaceutical, personal care, and cosmetics industries. Seasonal supply tightness, amplified by logistics disruptions, led to stronger contract prices and increased forward bookings.

Strategic procurement by bulk buyers to hedge against palm oil cost volatility elevated trading activity, resulting in a 7.85% price rise in December 2024. Indonesian producers maintained their competitive edge amid a landscape of export demand and regional feedstock fluctuations, closing the quarter with firm gains and a guarded optimism given lingering supply chain uncertainties and competitive international market pressures.​​

China

Glycerine (Refined: 99.5%, USP) Domestically Traded prices Ex-Tianjin.

In Q4 2024, Glycerine prices in China continued to trend upward, with the price trend in China reflecting a steady 10.58% quarter-on-quarter increase, elevating values to USD 649–777 per metric ton. The increase was driven by buoyant export shipments, robust local consumption, and seasonally higher demand from cosmetics and pharmaceutical manufacturers. Logistics constraints leading into year-end further supported persistent price strength and forward contracting. In December 2024, prices rose by 7.20%, as strategic buyers secured inventory to hedge against possible new year supply disruptions. Chinese sellers benefited from stable international interest and favorable trading terms, opting for moderate supply adjustments rather than aggressive discounting. The quarter concluded with high level of market confidence amid resilient demand and supportive supply chain positioning.​

India

Glycerine (Refined:99.5-99.7%, IP) Domestically Traded prices Ex-Mumbai.

In Q4 2024, Glycerine prices in India sustained upward momentum, in line with the prevailing price trend in India. Prices rose by 17.94% quarter-on-quarter, trading in the USD 1115–1245 per metric ton range. The surge was underpinned by heightened demand from pharmaceutical manufacturers and seasonal packaging requirements. Indian suppliers benefited from limited competition and strong order books, while logistics constraints from year-end activity helped maintain elevated rates.

December 2024 saw only a marginal increase of 0.74%, suggesting peak pricing as some buyers postponed new orders until import volumes stabilized. Producers focused on managing throughput and export allocations to sustain domestic pricing while preparing for anticipated shifts in the feedstock market.​

India

Glycerine (Refined:99.5-99.7%, IP) Domestically Traded prices Ex-Mumbai.

In Q4 2024, Glycerine prices in India sustained upward momentum, in line with the prevailing price trend in India. Prices rose by 17.94% quarter-on-quarter, trading in the USD 1115–1245 per metric ton range. The surge was underpinned by heightened demand from pharmaceutical manufacturers and seasonal packaging requirements. Indian suppliers benefited from limited competition and strong order books, while logistics constraints from year-end activity helped maintain elevated rates.

December 2024 saw only a marginal increase of 0.74%, suggesting peak pricing as some buyers postponed new orders until import volumes stabilized. Producers focused on managing throughput and export allocations to sustain domestic pricing while preparing for anticipated shifts in the feedstock market.​

In Q3 2024, Glycerine prices across Malaysia, Indonesia, China, and India advanced within the 8-20% range, reflecting a positive price trend in Malaysia, Indonesia, China, and India driven by rising demand and tightening supply fundamentals. Malaysia’s Crude Glycerine export market regained momentum as chemical and pharmaceutical sector activity intensified, boosting margins and procurement volumes mid-quarter. Indonesia benefited from surging export orders and logistical constraints that supported resilient pricing despite late-quarter buyer resistance.

China’s domestic refined market posted strong growth on heightened spot competition and rising downstream consumption, with trading marked by disciplined procurement and careful inventory management. India’s domestic market tracked similar dynamics, where limited import options allowed premium pricing amid aggressive forward contract activity. The overall regional market closed Q3 on a buoyant note, demonstrating contract-driven stability, confidence in prospects, and durable demand that supported higher trading ranges.​​

Malaysia

Glycerine (Crude: 80%) Export prices from Malaysia.

In Q3 2024, Crude Glycerine prices in Malaysia rebounded, supported by a more positive price trend in Malaysia, rising 8.08% quarter-on-quarter to USD 317–332 per metric ton. Demand from the chemical and pharmaceutical sectors strengthened, leading to improved trading margins for sellers. Distribution channels saw heightened procurement activity, especially mid-quarter, as end-users refilled inventories amid forecasts of tighter supply ahead. In September 2024, prices jumped 13.54%, propelled by active buying and moderate regional export demand. Suppliers maintained firm pricing strategies and leveraged domestic strengths to support high quotations, while freight rates remained favorable. The market ended with a buoyant tone, marking a transition toward higher price stability and more active participation in large contracts by Malaysian producers.​

Indonesia

Glycerine (Refined: 99.5%, USP) Export prices from Indonesia.

In Q3 2024, Glycerine prices in Indonesia maintained robust growth, with the price trend in Indonesia reflecting an 18.15% gain to USD 474–574 per metric ton. Export demand surged, boosted by orders from pharmaceutical and industrial applications, while regional logistics disruptions caused spot supply tightening. Throughout the quarter, competitive bidding for Refined Glycerine elevated trading margins, but resistance from buyers increased near quarter-end.

In September 2024, prices dipped by 0.18%, signaling stabilization as many users finalized inventory builds. Balanced supply paired with moderate demand ensured that pricing remained resilient but avoided further escalation. The market’s cautious approach saw buyers prefer long-term contracts over aggressive spot trading, closing Q3 with stable pricing and a controlled expansion in market activity.​​

China

Glycerine (Refined: 99.5%, USP) Domestically Traded prices Ex-Tianjin.

In Q3 2024, Glycerine prices in China showed robust growth as the price trend in China accelerated significantly, rising 20.37% quarter-on-quarter to USD 600–679 per metric ton. Driven by heightened export interest and improving logistics, domestic spot prices surged mid-quarter as bulk buyers competed for available volumes. The rise in downstream manufacturing activity also played a crucial role in supporting higher values.

Nonetheless, September 2024 saw prices ease by 0.15%, as buyers paused to reassess new contract terms and stabilize inventory levels. This mild correction reflected disciplined procurement and cautious optimism among end-users, despite generally strong fundamentals. Q3 ended with resilient prices and active trading, positioning the market for further gains dependent on sectoral demand and export flows throughout the remainder of 2024.​

India

Glycerine (Refined: 99.5-99.7%, IP) Domestically Traded prices Ex-Mumbai.

In Q3 2024, Glycerine prices in India continued their ascent, reflecting a strong price trend in India with a 13.25% quarter-on-quarter rise to USD 956–1085 per metric ton. Export restrictions and limited overseas offers contributed to supply tightness, enabling local producers to maintain premium values. Domestic demand remained strong for refined Glycerine, particularly from industrial and food sectors, pushing up spot rates in regional hubs.

Increased activity in forward contracts was notable as buyers attempted to lock in prices, anticipating further hikes. In September 2024, prices rose by 6.73%, driven by concentrated buying from bulk purchasers. The quarter closed with elevated trading confidence, robust contract negotiations, and strategic warehouse management, demonstrating resilience amid shifting global dynamics.​

In Q2 2024, Glycerine prices across Malaysia, Indonesia, China, and India advanced in the 2-11% range, showing positive price trends as demand improved, inventories declined, and regional supply stabilized. Malaysia’s Crude Glycerine export market gained slightly with modest demand from biodiesel and food sectors, but activity stabilized after an earlier procurement rush. Indonesia’s refined export prices rebounded, spurred by personal care and food sector demand and temporary supply restrictions, with strategic buying ahead of expected cost surges driving optimism.

China’s domestic refined market recovered as export and stock replenishment boosted sentiment, with seasonal peaks spurring rapid price gains before leveling off. For India, domestic prices recovered with firmer demand, supported by spot buying and strategic monsoon stock builds, marking a transition to more balanced conditions and renewed market confidence. Across the region, cautious optimism prevailed and strategic distribution played a key role.​​

Malaysia

Glycerine (Crude: 80%) Export prices from Malaysia.

In Q2 2024, Crude Glycerine prices in Malaysia moderated, revealing a cautious price trend in Malaysia. The market posted a restrained 1.90% rise to USD 275–375 per metric ton, with activity tapering after the previous quarter’s intense procurement rush. Suppliers experienced balanced inventory levels amidst tempered biodiesel production owing to feedstock uncertainty, while overseas buyers slowed spot inquiries.

June 2024 registered only a 1.56% increase, signaling restrained enthusiasm and stabilization of price levels. Key players focused on contract fulfillment rather than spot market speculation, and improved supply chain efficiency kept pricing modest. The market closed Q2 with steady fundamentals, as buyers and sellers realigned expectations in anticipation of further developments in palm oil-derived feedstock costs.​

Indonesia

Glycerine (Refined: 99.5%, USP) Export prices from Indonesia.

In Q2 2024, Glycerine prices in Indonesia rebounded, establishing a positive price trend in Indonesia. Quarter-on-quarter prices rose 7.59% to USD 419–496 per metric ton, supported by improved regional and export demand, as well as temporary supply curbs from slower palm oil production. Personal care and food sectors drove procurement, propelling sellers to secure higher spot values.

June 2024 showed a pronounced 14.18% increase, triggered by a rush in bulk buying ahead of anticipated cost escalations. These developments, combined with strategic inventory replenishment by buyers, supported market optimism. Although volatility persisted due to feedstock uncertainty and speculative activity, Q2 closed with significantly strong sentiment. Indonesia’s suppliers reported firmer contract negotiations and increased inquiries for exported volumes, highlighting renewed market confidence.​​

China

Glycerine (Refined: 99.5%, USP) Domestically Traded prices Ex-Tianjin.

In Q2 2024, Glycerine prices in China rebounded moderately, with the price trend in China showing a 7.83% quarter-on-quarter rise, reaching USD 483–591 per metric ton. Recovery was largely driven by improved export demand and strategic stock replenishment by domestic buyers. Enhanced consumption from personal care and food sectors, together with temporary supply curbs, spurred spot buying and elevated prices.

June 2024 saw a remarkable 15.81% increase, sparked by preemptive purchases and seasonal demand peaks. This activity reversed previous declines, bolstering supplier confidence and shifting momentum towards firmer contract negotiations. As supply and demand gradually balanced, the market closed the quarter with increased optimism and stronger price sustainability, reflecting the first signs of stabilization in 2024.​

India

Glycerine (Refined: 99.5-99.7%, IP) Domestically Traded prices Ex-Mumbai.

In Q2 2024, Glycerine prices in India began to recover, establishing an upward price trend in India. Quarter-on-quarter prices improved by 11.33% as domestic values moved to USD 819–945 per metric ton, encouraged by firming demand and declining inventories. Increased consumption from food and personal care manufacturers supported the rally, as did easing import competition.

Sellers capitalized on the return of spot buying, leveraging temporary supply tightness to negotiate higher values. June 2024 saw a 3.89% price increase, propelled by active procurement and strategic stock builds ahead of the monsoon season. This period marked a shift toward more balanced market conditions, with buyers showing renewed confidence and suppliers optimizing distribution strategies to capture rising demand nationwide.​

In Q1 2024, Glycerine prices across Malaysia, Indonesia, China, and India moved in a broad 4-21% range, showing mixed price trends driven by pronounced sectoral shifts and changing market fundamentals. Malaysia experienced a strong increase in Crude Glycerine export prices, powered by active downstream buying and tight inventories, further encouraged by bullish sentiment ahead of raw material hikes. In Indonesia, refined export prices fell sharply as soft demand and oversupply limited market activity, with buyers resisting spot deals amid price decline.

China saw a significant domestic drop due to persistent oversupply, limited exports, and cautious contract negotiations, while India posted a mild decline as local inventories and subdued pharmaceutical demand discouraged upward momentum. Although some regions showed resilience through strategic stock management and selective restocking, bearish undertones persisted, marking the quarter as a recovery phase for most major Asian Glycerine markets.​​

Malaysia

Glycerine (Crude: 80%) Export prices from Malaysia

In Q1 2024, Crude Glycerine prices in Malaysia exhibited a firm upward movement, as the price trend in Malaysia recorded an 11.54% quarter-on-quarter increase, closing the period at USD 266–299 per metric ton. This price escalation was fueled by active buying from downstream chemical processors and tight local inventories that limited the supply of the spot market. Demand from biodiesel and oleochemical industries has intensified, prompting sellers to maintain elevated offers. March 2024 of Q1 saw a striking 22.15% surge as buyers scrambled to replenish stocks ahead of anticipated raw material cost hikes. Although freight charges remained stable, competitive tension in port markets contributed to a bullish sentiment, leaving the quarter with a strong basis for optimism and robust trading momentum in Malaysia’s crude Glycerine sector.​

Indonesia

Glycerine (Refined: 99.5%, USP) Export prices from Indonesia.

In Q1 2024, Glycerine prices in Indonesia set a clear downward trajectory, with the price trend in Indonesia showing a marked 21.23% quarter-on-quarter decline, settling at USD 412–431 per metric ton. This drop was largely driven by abundant supply and muted downstream demand from food and pharmaceutical sectors, compounded by sluggish regional oleochemical activity.

Producers faced competitive pressure, offering discounts to stimulate hesitant buyers, yet most deferred purchases anticipating further reductions. As inventories remained steady and palm oil feedstock costs eased, only marginal price movement occurred in March 2024, with a 0.48% increase. Overall, Q1 reflected persistently bearish market sentiment, as limited major inquiries and weak trading activity kept prices under pressure, framing the quarter as a period of stabilization and expectation for future recovery.​​

China

Glycerine (Refined: 99.5%, USP) Domestically Traded prices Ex-Tianjin.

In Q1 2024, Glycerine prices in China recorded a significant drop, as the price trend in China registered a 17.06% quarter-on-quarter decrease, stabilizing within the USD 489–508 per metric ton range. This notable fall was driven by persistent oversupply, limited export opportunities, and muted demand from major downstream sectors like pharmaceuticals and food processing. Sellers faced pressure to reduce prices, with buyers holding off on new contracts anticipating lower rates ahead.

March 2024 showed a slight decrease of 0.60%, underscoring cautious purchasing and stagnant market sentiment. Inventories remained high and logistical bottlenecks added to the hesitation, with market players opting for selective restocking rather than broad procurement. Overall, the quarter ended with a subdued tone, as the market awaited signals for recovery and stabilization.​

India

Glycerine (Refined: 99.5-99.7%, IP) Domestically Traded prices Ex-Mumbai.

In Q1 2024, Glycerine prices in India showed a mild decline, as the price trend in India recorded a 3.50% decrease compared to the previous quarter, with values settling between USD 777–824 per metric ton. This downward movement was influenced by excess inventories from previous quarters, moderate imports, and steady but unspectacular demand from personal care and pharmaceutical industries. Domestic buyers negotiated for lower spot rates, taking advantage of subdued market sentiment.

Despite persistent supply, sellers found limited opportunities to increase prices due to competitive offers and abundant stock. In March 2024, prices managed to inch up by 2.50%, driven by small replenishment orders. Overall, Q1 concluded with a stable, yet slightly bearish atmosphere, as trading activity remained cautious amid expectations for an eventual market rebound.​

Technical Specifications of Glycerine Price Trends

Product Description

Glycerine, or glycerol, is a clear, odorless, and viscous liquid widely used in personal care, pharmaceuticals, food, and industrial applications. In Indonesia, it is primarily produced as a byproduct of Palm Oil–based Biodiesel, making the country a major global supplier. Known for its moisturizing, stabilizing, and solvent properties, Glycerine is essential in products like soaps, cosmetics, sweeteners, and antifreeze. Its versatility and steady production from Indonesia’s robust Palm Oil sector support both strong domestic use and international demand.

Identifiers and Classification:

  • CAS No: 56-81-5
  • HS Code: 15200000 (Crude Glycerine), 29054500 (Refined Glycerine)
  • Molecular Formula: C₃H₈O₃
  • Molecular Weight [g/mol]: – 92.09 g/mol


Synonym:

  • Crude Glycerine
  • Crude Glycerol
  • Glycerol
  • Refined Glycerine
  • Refined Glycerol


Glycerine Grades Specific Price Assessment:

  • Refined Glycerine (99.5%) (USP)
  • Refined Glycerine (99.7%) (USP)
  • Crude Glycerine (80%)
  • Refined Glycerine (99.5%) (Technical)
  • Refined Glycerine (99.7%) (EP/BP)
  • Refined Glycerine (99.5-99.7%) (IP)
  • Refined Glycerine (>98%) (CP)


Glycerine Global Trade and Shipment Terms

  • Quotation Terms: 20-25 MT
  • Packaging Type: Drums (250 Kg), Flexi Tank


Incoterms Referenced in Glycerine Price Reporting

Shipping Term  Location  Definition 
FOB Port Kelang  Port Kelang, Malaysia  Glycerine Export price from Malaysia 
FOB Port of Tanjung Priok  Tanjung Priok, Indonesia  Glycerine Export price from Indonesia 
CIF Shanghai (Indonesia)  Shanghai, China  Glycerine Import price in China from Indonesia 
CIF Nhava Sheva (Indonesia)  Nhava Sheva, India  Glycerine Import price in India from Indonesia 
Ex-Tianjin  Tianjin, China  Domestically traded Glycerine prices in Tianjin 
Ex-Mumbai  Mumbai, India  Domestically traded Glycerine prices in Mumbai 
Ex-Delhi  Delhi, India  Domestically traded Glycerine prices in Delhi 

*Quotation Terms refers to the quantity range specified for the Glycerine being quoted or offered in a commercial transaction.

**Packaging Type refers to standard packaging size commonly used for Glycerine packing, ease of handling, transportation, and storage in industrial and commercial applications.

Key Glycerine Manufacturers and Brands

Brand Name  Manufacturer 
Palmac®  IOI Group 
PALMERA® Glycerine  KLK Oleo (Kuala Lumpur Kepong Berhad) 
N/A  Mars Oleochemicals 
MASCEROL® Glycerine  Musim Mas 
N/A  Sinar Mas Oleochemical 
N/A  PT. Sumi Asih 
N/A  Cisadane Raya Chemicals (CRC) 
N/A  Godrej Industries 
N/A  VVF Ltd. 
Adani Glycerine  Adani Wilmar 

Glycerine Industrial Applications

Glycerine Market Share End Use

Historically, several events have caused significant fluctuations in Glycerine prices

El Niño & Agricultural Constraints (2024) 

Impact: El Niño-related weather events caused lower palm oil yields in Sumatra and Kalimantan. 

Policy Response: Indonesian government relaxed some biodiesel blending targets to manage tight palm oil supplies. 

Price Effect: Reduced biodiesel output led to glycerine scarcity, increasing prices in both domestic and export markets. 

Downstream Effect: Pharma, personal care, and food industries faced input cost increases, passing on price hikes to end-users. 

Volatile Feedstock Market & Palm Oil Regulation (2023) 

Impact: Volatility in crude palm oil (CPO) prices due to policy changes (export taxes, quotas). 

Lower biodiesel profitability prompted temporary production slowdowns, reducing glycerine byproduct volumes. 

Price Effect: Domestic prices increased, while export volumes decreased, especially to key markets like China and the EU. 

Global Energy and Feedstock Disruption (Russia-Ukraine Conflict, 2022) 

Impact: Rising global energy and edible oil prices (notably palm oil) due to supply chain disruptions led to costlier biodiesel and glycerine production. 

Indonesia’s Role: Palm oil export restrictions (briefly in place to protect domestic cooking oil supply) disrupted glycerine availability. 

Price Effect: Glycerine prices spiked due to feedstock uncertainty and logistic bottlenecks. 

Biodiesel Mandate Recovery (2021) 

Impact: The Indonesian government reinforced its B30 biodiesel mandate, boosting biodiesel production and, consequently, crude glycerine output. 

Price Effect: A supply increase led to a moderation in prices, although demand from personal care and food sectors remained strong. 

Export Note: Surplus glycerine was exported, stabilizing domestic prices somewhat. 

COVID-19 Pandemic (2020) 

Impact: Global demand for pharmaceutical and hygiene products surged, including glycerine used in hand sanitizers, soaps, and disinfectants. 

Indonesia’s Response: As a major glycerine producer (from palm-based biodiesel), Indonesia redirected output to meet global demand for pharma-grade glycerine. 

Price Effect: Glycerine prices spiked due to tight supply and increased demand in health sectors. 

Why PriceWatch?

PriceWatch is your trusted resource for tracking global glycerine price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the glycerine market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, PriceWatch keeps you fully informed of market dynamics.

In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence glycerine prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely glycerine market data.

Track PriceWatch's glycerine price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Data Collection and Sources​

  • Real-Time Market Data: PriceWatch aggregates real-time pricing data from a diverse range of sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our assessments reflect the most current market conditions. 
  • On-the-Ground Intelligence: Our team gathers insights directly from key market participants, including producers, suppliers, traders, and end-users, across major glycerine production hubs. This ground-level intelligence is crucial for understanding localized market dynamics. 
  • Supply Chain Monitoring: We track the entire glycerine supply chain, from raw material to production and distribution channels. This includes monitoring feedstock prices, production capacities, and transportation logistics. 

Event Tracking and Impact Analysis​

  • Geopolitical Tensions: PriceWatch continuously monitors global geopolitical developments, such as conflicts or trade disputes, which can significantly impact Glycerine prices. Our analysis includes potential disruptions to supply chains and their immediate and long-term effects on pricing. 
  • Natural Disasters and Climate Events: We assess the impact of natural disasters, such as hurricanes or winter storms, on Glycerine production facilities, particularly in vulnerable regions like the APAC coasts. These events are factored into our price forecasts and supply outlooks. 
  • Economic Shifts: PriceWatch evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand (e.g., personal care industry, fuel additives and other crucial industries), to predict shifts in Glycerine demand and corresponding price movements.

Production Capacity and Supply Analysis

  • Current Production Monitoring: We maintain a comprehensive database of global glycerine production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to assess current supply availability accurately. 
  • Future Capacity Projections: Our research includes detailed forecasts of upcoming glycerine production capacities, factoring in new plant constructions, expansions, and technological advancements. This helps in predicting future supply trends and potential price stabilization. 

Demand Forecasting

  • Sectoral Demand Analysis: PriceWatch provides in-depth analysis of demand trends across key sectors, including packaging, automotive, and construction. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments. 
  • Global Demand Dynamics: Our methodology considers regional demand variations and how they influence global glycerine pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations. 

Pricing Model Development

  • Dynamic Pricing Models: PriceWatch utilizes advanced econometric models to forecast glycerine prices, incorporating real-time data, historical trends, and projected market conditions. Our models are continuously refined to enhance accuracy and predictive power. 
  • Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions. This includes best-case, worst-case, and most likely scenarios, helping our clients prepare for a range of market outcomes. 

Reporting and Client Support

  • Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to be actionable, providing clear insights and recommendations. 
  • Ongoing Support: PriceWatch offers continuous updates and personalized support to our clients, ensuring they have the most up-to-date information to make informed decisions. Our experts are available to discuss specific market developments and provide tailored advice. 

 

 

This research methodology ensures that PriceWatch delivers the most accurate, timely, and actionable glycerine pricing assessments, helping our clients stay ahead of market trends and make informed business decisions. 

Glycerine Market Price Trend provided by PriceWatch is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for glycerine. PriceWatch disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

Glycerine Pricing Factors:

Glycerine pricing is primarily influenced by feedstock prices (such as vegetable oils or biodiesel by-products), global demand (from industries like pharmaceuticals, personal care, and food), and supply availability (affected by biodiesel production levels and refinery output).

To predict future trends, closely monitor these factors and consult with industry experts for market insights.

Negotiating Glycerine Pricing:

Leverage market knowledge, secure long-term agreements, consider various grades and sources, and foster strong supplier relationships to achieve better pricing.

• Leverage market knowledge: Stay informed about global supply-demand dynamics, recent pricing trends, and alternative market offers to negotiate fairly.

• Secure long-term agreements: Lock in prices through longer contracts to gain stability and potentially benefit from volume-based discounts.

• Consider various grades and sources: Explore options like crude vs. refined Glycerine or sourcing from different regions to enhance negotiation leverage.

• Foster strong relationships: Build reliable partnerships with suppliers to encourage flexibility and competitive pricing terms.

Glycerine Procurement Risks and Mitigation:

Mitigate risks like price volatility, inconsistent quality, and supply interruptions by implementing structured sourcing strategies and robust quality controls.

• Price volatility: Prices may fluctuate due to changes in biodiesel production or shifts in feedstock cost (like palm or soy oil).

• Quality inconsistencies: Glycerine purity and quality can vary, especially between technical and pharmaceutical grades.

• Supply interruptions: Factors like plant shutdowns or geopolitical disruptions can affect availability.

Mitigation strategies include:

• Hedging: Consider forward purchasing or contracts to reduce the impact of price shifts.

• Supplier diversification: Source Glycerine from multiple regions or suppliers to reduce over-dependence and ensure consistent supply.

• Quality control: Implement strict testing, audits, and supplier qualification processes to ensure product consistency and compliance.

Access Real-Time Glycerine Price Trends