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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

myMalaysia
idIndonesia
cnChina
inIndia
esSpain
brBrazil
nlNetherlands

Global glycerine Spot Market Prices, Trend Analysis and Forecast

Price-Watch’s most active coverage of Glycerine price assessment:

Asia-Pacific

  • Refined Glycerine (99.5%) (USP) FOB Port of Tanjung Priok, Indonesia
  • Refined Glycerine (99.7%) (USP) FOB Port of Tanjung Priok, Indonesia
  • Crude Glycerine (80%) FOB Port of Tanjung Priok, Indonesia
  • Refined Glycerine (99.5%) (USP) FOB Port Kelang, Malaysia
  • Refined Glycerine (99.5%) (Technical) FOB Port Kelang, Malaysia
  • Refined Glycerine (99.7%) (EP/BP) FOB Port Kelang, Malaysia
  • Crude Glycerine (80%) FOB Port Kelang, Malaysia
  • Refined Glycerine (99.5%) (USP) CIF Shanghai (Indonesia), China
  • Refined Glycerine (99.7%) (USP) CIF Shanghai (Indonesia), China
  • Crude Glycerine (80%) CIF Shanghai (Indonesia), China
  • Crude Glycerine (80%) CIF Shanghai (Brazil), China
  • Refined Glycerine (99.5%) (USP) Ex-Tianjin, China
  • Refined Glycerine (99.7%) (USP) Ex-Tianjin, China
  • Refined Glycerine (99.5%) (USP) CIF Nhava Sheva (Indonesia), India
  • Refined Glycerine (99.7%) (USP) CIF Nhava Sheva (Indonesia), India
  • Crude Glycerine (80%) CIF Nhava Sheva (Indonesia), India
  • Refined Glycerine (99.5%) (USP) CIF Nhava Sheva (Malaysia), India
  • Refined Glycerine (99.5%) (Technical) CIF Nhava Sheva (Malaysia), India
  • Refined Glycerine (99.7%) (EP/BP) CIF Nhava Sheva (Malaysia), India
  • Crude Glycerine (80%) CIF Nhava Sheva (Malaysia), India
  • Crude Glycerine (80%) CIF Hazira (Brazil), India
  • Refined Glycerine (99.5-99.7%) (IP) Ex-Bhiwandi, India
  • Refined Glycerine (>98%) (CP) Ex-Bhiwandi, India
  • Refined Glycerine (99.5-99.7%) (IP) Ex-Delhi, India
  • Refined Glycerine (>98%) (CP) Ex-Delhi, India


Europe

  • Crude Glycerine (80%) FOB Algeciras, Spain
  • Crude Glycerine (80%) CIF Rotterdam (Spain), Netherlands


South America

  • Crude Glycerine (80%) FOB Santos, Brazil

 

Note: In assessments structured as CIF [Importing Port] (Exporting Country), the country mentioned in brackets indicates the primary origin of supply (exporting country), while the named port refers to the destination port in the importing country. Other Incoterms (FOB, FD, EXW, etc.) should be interpreted in accordance with standard international trade definitions.

Glycerine Price Trend Q4 2025

In Q4 2025, the worldwide Glycerine market showed mixed price movements generally ranging 2-4% gains in key biodiesel by-product origins, while some refined grades experienced softening amid variable regional demand from pharma and personal care sectors. Brazil and Spain led upward trends, contrasting Malaysia and Indonesia declines as exceptions. Freight rates featured sharp decreases in European routes alongside stable FOB structures elsewhere, influencing importers’ offered prices variably. Net prices reflect divergent dynamics firming crude glycerine from biofuel expansions versus softer refined amid inventory builds and alternative sourcing. Origin markets like Malaysia and Brazil anchored benchmarks through production-linked FOB pricing immune to logistics volatility. Importers balanced end-use consumption via tactical procurement strategies reconciling supply surges with demand steadiness.

Malaysia: Glycerine Export prices FPB Port Kelang, Malaysia, Grade- Crude Glycerine (80%)

In Q4 2025, Glycerine prices in Malaysia ranged 505-520 USD and showed a downward price trend. The 3.19% decline for Crude Glycerine (80%) FOB Port Kelang reflected abundant biodiesel by-product generation from elevated palm oil processing alongside softening regional export inquiries for technical applications. Freight charges were not applicable on FOB basis. The Glycerine price trend in Malaysia indicates supply overhang dominating trades. Local producers adjusted inventories while traders competed on spot volumes strategically. In December 2025, Glycerine prices in Malaysia decreased by 1.50%, driven by position clearing, ample stocks, and controlled Port Kelang activity supporting balanced close. Q1 stabilization anticipated on consumption cues.

Indonesia: Glycerine Export prices FOB Tanjung Priok, Indonesia, Grade- Refined Glycerine (99.5%) (USP)

In Q4 2025, Glycerine prices in Indonesia ranged 765-835 USD and showed a downward price trend. The 3.19% drop for Refined Glycerine (99.5%) (USP) FOB Port of Tanjung Priok followed ample palm-based refining by-products and tempered export demand to Asian personal care markets. The Glycerine price trend in Indonesia indicates softening supply dynamics. Producers optimized runs while exporters competed reliably on quality. In December 2025, Glycerine prices in Indonesia decreased by 1.50%, attributed to profit realizations, stock management, and Priok flows easing predictably. Gradual firming is anticipated.

China: Glycerine Domestically Traded Prices Ex-Tianjin, China, Grade-Refined Glycerine (99.5%) (USP)

In Q4 2025, Glycerine prices in China ranged 880-920 USD and showed a downward price trend. The 1.94% softening for Refined Glycerine (99.5%) (USP) Ex-Tianjin arose from steady domestic pharma-grade availability and measured personal care sector uptake amid competing imports. The Glycerine price trend in China conveys cautious regional trading. Processors maintained routine restocking as traders negotiated competitively. In December 2025, Glycerine prices in China decreased by 0.81%, influenced by year-end reserve behaviors, inventory positioning, and Tianjin equilibrium reinforcing steady flows. Selective recovery signals are emerging.

India: Glycerine Domestically Traded Prices Ex-Bhiwandi, India, Grade- Refined Glycerine (99.5-99.7%) (IP)

In Q4 2025, Glycerine prices in India ranged 1310-1445 USD and showed an upward price trend. The 3.04% rise for Refined Glycerine (99.5-99.7%) (IP) Ex-Mumbai reflected steady pharma and oral care consumption alongside selective local restocking despite competing imports. The Glycerine price trend in India conveys resilient end-use demand. Traders adjusted offers competitively as processors paced volumes strategically. In December 2025, Glycerine prices in India decreased by -1.04%, from year-end caution, inventory builds, and Mumbai value stabilization. Positive underlying momentum persists.

Brazil: Glycerine Export prices FOB Santos, Brazil, Grade- Crude (80%)

In Q4 2025, Glycerine prices in Brazil ranged 580-640 USD and showed an upward price trend. The 11.12% sharp rise for Crude (80%) FOB Santos stemmed from accelerated soybean biodiesel mandates boosting by-product volumes alongside growing export momentum to European technical users. The Glycerine price trend in Brazil highlights biofuel-driven supply strength. Producers ramped output efficiently while exporters secured term contracts proactively. In December 2025, Glycerine prices in Brazil increased by 6.32%, shaped by sustained policy support, position building, and Santos premiums closing firmly. Robust Q1 continuation is expected.

Spain: Glycerine Export prices FOB Algeciras, Spain, Grade- Crude (80%)

In Q4 2025, Glycerine prices in Spain ranged 545-590 USD and showed an upward price trend. The 4.48% gain for Crude (80%) FOB Algeciras reflected optimized biodiesel plant runs and reliable Mediterranean export flows to industrial applications despite alternative feedstocks. The Glycerine price trend in Spain underscores production resilience. Local facilities maintained steady throughput as traders balanced spot and forward deals. In December 2025, Glycerine prices in Spain increased by 5.23%, driven by end-quarter restocking momentum, controlled inventories, and Algeciras competitiveness. Forward outlook is supported.

Netherlands: Glycerine import price CIF Rotterdam from Spain, Netherlands, Grade- Crude (80%)

In Q4 2025, Glycerine prices in Netherlands ranged 585-625 USD and showed an upward price trend. The 2.54% increase for Crude (80%) CIF Rotterdam (Spain) benefited from sharp freight decreases enhancing offered price competitiveness for EU pharma and cosmetics formulators. The Glycerine price trend in Netherlands signals logistics-aided firmness. Importers accelerated procurement strategically while Rotterdam processed arrivals smoothly. In December 2025, Glycerine prices in Netherlands increased by 4.03%, influenced by freight tailwinds, quality tightness, and port resilience supporting quarter-end strength. Q1 positioning enhanced notably.

Glycerine Price Trend Analysis: Q3 2025

In Q3 2025, global Glycerine prices across Malaysia, Indonesia, China, India, Brazil, Spain, and the Netherlands moved higher within an overall quarter‑on‑quarter range of roughly 2–25%, reflecting a broadly firm but increasingly measured uptrend. Demand from food, pharmaceutical, personal‑care, and industrial users remained structurally solid, yet many consumers were already well covered on contracts and grew more selective, emphasizing cost control and security of supply rather than aggressive spot purchasing.

Trading activity therefore shifted toward strategic, contract‑driven procurement, with sellers maintaining a firm pricing stance but using targeted incentives for bulk parcels and long‑haul export deals to support throughput. Regional markets showed signs of normalization, with Asia seeing incremental gains underpinned by palm oil fundamentals, Brazil consolidating after earlier rallies on the back of biodiesel economics, and Spain and the Netherlands testing the upper limits of affordability before encountering buyer resistance.

Overall, Q3 2025 ended with balanced supply, steady but unspectacular demand, and a cautious bullish bias, suggesting that future price direction will hinge more on feedstock trends, currency moves, logistics, and gradual shifts in downstream consumption than on speculative momentum.

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

According to Price-Watch AI, In Q3 2025, Crude Glycerine price trend in Malaysia continued to trend modestly higher, with the glycerine price trend in Malaysia posting a 2.32% quarter‑on‑quarter increase to USD 485–515 per metric ton FOB Port Kelang. Demand from food, personal‑care, and industrial users remained steady, though end‑users were more selective as they balanced cost considerations against the need for security of supply.

Export flows stayed healthy, helping to underpin a firm floor under offers even as some buyers pushed back against further price escalation. In September 2025, prices rose by about 6.12% compared with August, suggesting renewed late‑quarter restocking and tighter spot availability. The quarter concluded with a generally firm, yet more measured, bullish bias, indicating a mature but still resilient crude glycerine market in Malaysia.

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

In Q3 2025, refined Glycerine prices in Indonesia edged higher, as the glycerine price trend in Indonesia recorded a 3.74% quarter‑on‑quarter increase to USD 420–495 per metric ton FOB Port of Tanjung Priok. Trading activity was more measured, with larger consumers covered on contracts and smaller buyers adopting a wait‑and‑see approach amid global macro‑economic uncertainty. Sellers maintained a relatively firm stance but showed flexibility through incentives for bulk parcels and long‑haul export deals.

In September 2025, prices eased by around 1.32% versus August, reflecting softer call‑offs from packaging, food, and personal‑care producers. The quarter closed with stable yet unspectacular price performance, suggesting a maturing upcycle where future movements would depend more on shifts in palm oil supply, currency trends, and incremental changes in downstream consumption.

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

In Q3 2025, Glycerine prices in China posted only incremental gains, as the glycerine price trend in China showed a modest 2.45% quarter‑on‑quarter rise to USD 860–925 per metric ton Ex‑Tianjin. Trading volumes flattened as many major buyers were already well covered, shifting their focus to contract optimization rather than large new commitments. Competitive offers from alternative origins and a softening in some downstream segments, such as industrial and food applications, limited the scope for additional price hikes.

In September 2025, prices slipped by about 0.85% relative to August, highlighting growing resistance at the upper end of the range and more disciplined procurement behavior. Q3 concluded with stable but less dynamic conditions, pointing toward a phase of normalization where prices would be guided more by incremental demand changes and global arbitrage opportunities than by strong speculative momentum.

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

In Q3 2025, Glycerine prices in India continued to edge higher, with the glycerine price trend in India indicating an 8.07% quarter‑on‑quarter increase to USD 1290–1395 per metric ton Ex‑Bhiwandi. Demand growth moderated somewhat in food and packaging segments, but core pharmaceutical and personal‑care requirements stayed firm, preventing any significant correction. Suppliers largely held offers steady at the upper end of the range, while offering selective incentives for large or long‑term deals to support throughput.

In September 2025, prices rose by roughly 2.52% over August, reflecting measured restocking ahead of festival‑driven consumption without the exuberance seen in earlier rallies. Q3 closed with a relatively calm yet still supportive pricing environment, as both buyers and sellers prioritised risk management and sustainable margins over aggressive volume expansion.

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

In Q3 2025, Glycerine price trend in Brazil rose by 5.35% compared with Q2, with prices consolidating in the 450–495 USD/MT range as supply and demand moved into closer balance and the market matured following the earlier rally. Trading activity was somewhat thinner as many downstream consumers were well covered from earlier procurement, yet firm underlying consumption from pharmaceuticals, food, and refined glycerine applications prevented any sharp correction.

The glycerine price trend in Brazil remained upward but more moderate, reflecting disciplined producer output, stable biodiesel economics, and continued export interest from Asia and Europe despite elevated price levels. In September 2025, levels were about 8.06% above August, indicating that late‑quarter tightness and selective restocking still supported incremental increases even as overall market sentiment shifted from aggressive bullishness to cautious stability.

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

In Q3 2025, Glycerine prices in Spain rose by 25.34% versus Q2, widening to a volatile 430–565 USD/MT range as the market tested the upper limits of what downstream customers could tolerate. Structural demand from pharmaceuticals, food, and premium personal care products remained resilient, but some industrial users responded to higher costs by trimming run rates or exploring substitutions, which introduced more price sensitivity into negotiations.

Even so, global supply constraints and firm values in exporting regions such as Brazil helped keep the underlying glycerine price trend in Brazil and Europe broadly bullish, preventing any sharp collapse. In September 2025, prices were about 0.74% lower than in August, showing that resistance at elevated levels was starting to cap further gains and hinting at a more balanced, plateau‑like profile for subsequent quarters.

Netherlands: Glycerine (Crude 80%) import price of Netherlands from Spain.

In Q3 2025, Glycerine prices in the Netherlands increased by 25.09% versus Q2, with prices widening to a volatile 465–610 USD/MT range as the market explored the upper limits of affordability. Structural demand from pharmaceuticals, food, and high‑end personal care remained strong, but some industrial users began trimming run rates or testing alternative humectants to manage margin pressure at such elevated prices.

Even so, continued tightness in global supply chains and a persistently firm glycerine price trend in Brazil prevented any significant correction, keeping sentiment broadly bullish though more cautious than earlier in the year. In September 2025, prices were about 1.87% lower than in August, indicating that buyer resistance was starting to cap further gains and hinting at a potential plateau or gradual normalization in subsequent quarters.

In Q2 2025, Glycerine prices across Malaysia, Indonesia, China, India, Brazil, Spain, and the Netherlands continued their upward trajectory, registering broad quarter‑on‑quarter gains in the range of roughly 9–28% as earlier bullish momentum fed through into contract and spot benchmarks. Tight but gradually rebalancing supply, underpinned by firm demand from pharmaceutical, personal‑care, food, and higher‑value industrial applications, sustained elevated price levels even as affordability began to be tested in more cost‑sensitive segments.

Buyers increasingly prioritized security of supply and forward cover, front‑loading purchases and relying on long‑term contracts, while simultaneously becoming more selective on volumes and delivery timing as budgets came under strain. Late‑quarter trading saw the first signs of intra‑quarter corrections and resistance at the upper end of price ranges in some markets, yet overall fundamentals remained constructive, leaving the global glycerine complex firmly in a high‑price, risk‑managed environment heading into the second half of 2025.

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

In Q2 2025, Crude Glycerine prices in Malaysia broadly plateaued, as the price trend in Malaysia edged up by only 1.31% quarter‑on‑quarter to USD 455–495 per metric ton FOB Port Kelang. The market remained tight but more balanced, with robust contract demand offset by a softer spot segment as key buyers paused aggressive restocking. Increased regional competition and some easing in downstream consumption weighed on the scope for additional hikes, leading sellers to prioritize volume security over pushing for steep increases.

In June 2025, prices dipped by 0.78% versus May, signaling mild resistance at the top of the range and a preference among buyers to manage inventories more cautiously. Overall, Q2 reflected a consolidation phase after earlier sharp gains, with fundamentals still supportive but less exuberant.

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

In Q2 2025, refined Glycerine prices in Indonesia extended their gains, with the price trend in Indonesia posting a 15.87% quarter‑on‑quarter rise to USD 410–430 per metric ton FOB Port of Tanjung Priok. Although the nominal range shifted lower than Q1’s peak band, it reflected normalization toward tighter working levels, with fewer distressed offers and more consistent contract pricing.

Market fundamentals remained constructive, but resistance emerged as some buyers judged levels to be high relative to alternative origins and substitute polyols. In June 2025, prices slipped by about 2.32% from May, indicating tentative pushback and selective renegotiation of term volumes. Nonetheless, Q2 ended with generally firm fundamentals and continued interest in Indonesian material for secure, specification‑consistent supply.

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

In Q2 2025, Glycerine prices in China remained elevated, with the price trend in China showing a further 10.81% quarter‑on‑quarter increase to USD 780–870 per metric ton Ex‑Tianjin. Robust regional and export demand persisted, yet higher benchmarks started to test affordability for some downstream users, especially in more price‑sensitive industrial applications. Sellers maintained generally firm offers but selectively adjusted pricing to clear surplus lots and sustain flows.

In June 2025, prices dipped by around 2.28% from May as several buyers slowed procurement, renegotiated volumes, or delayed shipments to manage budgets. Despite this modest correction, the quarter closed with strong fundamentals and continued preference for Chinese material in long‑term contracts, albeit with more scrutiny on cost structures.

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

In Q2 2025, Glycerine prices in Brazil surged a further 28.83% quarter on quarter, with crude 80% FOB Santos assessed between 370–495 USD/MT as export demand remained strong even while some cost‑sensitive consumers began to resist higher offers. Structural demand from high‑margin pharmaceutical and cosmetic applications stayed healthy, but buyers in industrial and chemical segments started trimming discretionary purchases or exploring alternative polyols to manage margin pressure.

The Price trend in Brazil remained bullish but increasingly stretched, with sellers testing the upper end of the range and buyers becoming more selective about volumes and timing of commitments. In June 2025, values were roughly 4.57% lower than in May, showing the first clear intra‑quarter correction as the market reached affordability limits and some participants took profit or delayed non‑essential orders.

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

In Q2 2025, Glycerine prices in Spain advanced by another 19.17% quarter on quarter, with crude 80% FOB Algeciras assessed around 380–415 USD/MT as tight supply met steady demand in key downstream sectors. Producers focused on fulfilling term commitments and held firm on offers, while end‑users in higher‑value segments were willing to absorb the increases to avoid any disruption to critical formulations.

Global fundamentals remained supportive, and the ongoing strong Price trend in Brazil reinforced expectations that elevated levels could persist, reducing the likelihood of aggressive price concessions. By June 2025, prices were about 18.03% above May, highlighting an intense late‑quarter rally as risk‑averse buyers accelerated bookings against the backdrop of continued uncertainties in feedstock and logistics costs.

Netherlands: Glycerine (Crude 80%) import price of Netherlands from Spain.

In Q2 2025, Glycerine prices in the Netherlands advanced by another 17.43% quarter on quarter, with crude 80% CIF Rotterdam (Spain) assessed around 405–450 USD/MT as supply remained tight and downstream demand stayed resilient. Producers and traders focused on high‑value outlets, while many end‑users accepted higher prices to avoid supply disruptions, particularly for regulated pharmaceutical and food‑grade applications where substitution options are limited.

Internationally, the bullish Price trend in Brazil continued to support firm global benchmarks, reinforcing expectations among European participants that elevated levels would persist at least in the medium term. By June 2025, prices were roughly 16.67% above May, signalling an intense late‑quarter rally as risk‑averse buyers front‑loaded purchases amid uncertainty around feedstock costs, freight, and potential maintenance outages.

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

In Q2 2025, Glycerine prices in India firmed again, with the price trend in India registering a 9.15% quarter‑on‑quarter increase to USD 1270–1360 per metric ton Ex‑Bhiwandi. Renewed supply tightness emerged as export pull strengthened and some regional producers faced operational constraints, reducing the cushion of available spot cargoes.

Domestic consumption in personal‑care, industrial, and pharmaceutical segments remained resilient, leading buyers to secure volumes despite higher costs. In June 2025, prices gained about 3.57% from May, supported by ongoing procurement ahead of monsoon‑related logistics risks.

The market concluded Q2 with clearly bullish sentiment, robust contracted volumes, and continued emphasis on forward planning to manage both cost exposure and supply assurance at elevated price levels.

In Q1 2025, Glycerine prices across Malaysia, Indonesia, China, India, Brazil, Spain, and the Netherlands advanced sharply within an overall quarter‑on‑quarter range of about 2–27%, as tight global balances and firm downstream consumption underpinned a broadly bullish pricing environment.

Robust demand from pharmaceuticals, food, cosmetics, and higher‑value industrial applications coincided with constrained supply from biodiesel and oleochemical chains, driving buyers to front‑load purchases, secure medium‑term contracts, and accept higher replacement costs to protect supply security.

While some markets showed early signs of demand fatigue and greater price sensitivity prompting more selective procurement and occasional month‑end corrections the general tone remained strongly upward, with elevated benchmarks, limited spot availability, and active export inquiries shifting bargaining power toward sellers throughout the quarter.

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

In Q1 2025, Crude Glycerine prices in Malaysia surged, with the price trend in Malaysia showing a strong 26.05% quarter‑on‑quarter rise to USD 370–500 per metric ton FOB Port Kelang. The market was supported by tight regional balances, solid demand from pharmaceuticals and high‑value personal‑care applications, and firmer global benchmarks that lifted replacement costs.

Many buyers front‑loaded purchases early in the quarter, but by March 2025 prices slipped 1.49% month on month as some downstream sectors signaled demand fatigue and sought to renegotiate volumes. Higher inventory holdings and more competitive offers from alternative origins encouraged a shift toward shorter‑term procurement strategies. Even so, Q1 ended at historically elevated levels, underlining the continued strength of Malaysia’s crude glycerine pricing environment.

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

In Q1 2025, refined Glycerine prices in Indonesia rebounded strongly, with the price trend in Indonesia registering a 17.75% quarter‑on‑quarter increase to USD 430–570 per metric ton FOB Port of Tanjung Priok. The wider range reflected a market adjusting from prior corrections, as aggressive discounting at the lower end attracted renewed buying interest. Export inquiries improved and domestic demand from food and pharmaceutical sectors remained healthy, helping to absorb available supply despite currency and logistics noise. In March 2025, prices advanced about 4.94% over February as buyers finalized contracts to hedge against possible supply disruptions and cost inflation. Q1 closed with a clearly firmer tone, signalling the re‑establishment of a more supportive pricing floor after earlier weakness.

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

In Q1 2025, Glycerine prices in China advanced again, with the price trend in China recording a 16.03% quarter‑on‑quarter increase to USD 660–775 per metric ton Ex‑Tianjin. Persistent export demand and solid downstream utilization in food, cosmetics, and pharmaceutical applications kept the market tight, while some producers managed output carefully to protect margins. Buyers, mindful of ongoing logistics and feedstock uncertainties, moved to secure medium‑term coverage despite elevated prices.

In March 2025, prices rose by about 3.58% compared with February, reflecting proactive bulk purchases ahead of seasonal maintenance and potential supply hiccups. The quarter ended with firm pricing and active contract negotiations, underscoring a broadly bullish but closely managed environment in the Chinese refined glycerine sector.

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

In Q1 2025, Glycerine prices in Brazil jumped by 24.63% from the previous quarter, with crude 80% FOB Santos moving into the 295–365 USD/MT range as robust global demand and constrained crude glycerine supply from biodiesel plants kept the market tight. Buyers in pharmaceuticals, personal care, and food applications front‑loaded purchases to secure volumes and hedge against further cost escalation, while logistics and feedstock uncertainties added upward pressure on offers.

The Price trend in Brazil was strongly upward, supported by active export flows and limited spot availability as producers prioritized term commitments and maintained firm pricing discipline. In March 2025, prices were about 13.99% higher than in February, highlighting how tight availability, aggressive restocking, and firm sentiment translated into rapid price gains and a shift in market power towards sellers.

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

In Q1 2025, Glycerine prices in Spain jumped by 27.57% compared with the previous quarter, with crude 80% FOB Algeciras moving into a much higher 265–390 USD/MT corridor as global balances tightened sharply. Export opportunities improved and domestic consumption from food, pharmaceutical, and cosmetic applications remained robust, prompting buyers to secure additional coverage despite the steeper cost base.

At the same time, higher feedstock and energy costs, alongside tighter global availability, underpinned a decisively bullish Price trend in Brazil and other producing regions, which translated into firmer replacement costs for Spanish suppliers. In March 2025, prices were around 5.15% higher than in February, underlining how sustained buying interest and limited spot offers kept the rally intact throughout the quarter.

Netherlands: Glycerine (Crude 80%) import price of Netherlands from Spain.

In Q1 2025, Glycerine prices in the Netherlands jumped by 25.85% compared with Q4 2024, with crude 80% CIF Rotterdam (Spain) moving sharply higher into the 305–445 USD/MT corridor as global balances tightened significantly. Robust demand from pharmaceuticals, food, and premium personal care applications coincided with constrained supply and higher freight and energy costs, leading importers to raise offers and prioritize contractual volumes.

The strong Price trend in Brazil and other export hubs underpinned this rally, as replacement cargoes into Northwest Europe became materially more expensive and arbitrage opportunities narrowed. In March 2025, prices were around 6.49% higher than in February, illustrating how sustained restocking and limited spot availability kept upward momentum intact throughout the quarter despite some buyer resistance at the upper end of the range.

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

In Q1 2025, Glycerine prices in India corrected slightly, though the price trend in India remained broadly firm, with a 2.79% quarter‑on‑quarter increase to USD 1070–1190 per metric ton Ex‑Bhiwandi following the high base of Q4. Higher stocks accumulated during late‑2024 procurement, along with softer seasonal demand from some industrial and food sectors, prompted more measured buying behavior.

Sellers responded by moderating hikes and offering tactical discounts on larger parcels to keep volumes flowing. In March 2025, prices nevertheless rose by around 5.26% compared with February, as demand picked up from personal‑care and pharma formulators needing to normalise inventories after a cautious start to the year. Overall, Q1 displayed a rebalancing phase, with pricing still elevated but less aggressively upward than in previous quarters.

Glycerine Price Trend Analysis: Q4 2024

In Q4 2024, Glycerine prices across Malaysia, Indonesia, China, India, Brazil, Spain, and the Netherlands moved firmly higher, with overall quarter‑on‑quarter gains broadly concentrated in the 7–18% range as seasonal demand, tighter spot availability, and active export programs underpinned a clear bullish tone. Strong year‑end pull from pharmaceuticals, personal care, food, feed, and packaging applications coincided with more disciplined production, logistics constraints, and reduced oversupply, allowing producers and traders to defend firmer offers while limiting discounting.

Buyers responded by accelerating pre‑holiday and forward procurement to secure medium‑term cover, even as some segments began to show early signs of price resistance and more cautious volume planning. Overall, the quarter closed with elevated trading activity, fuller order books, and a more confident pricing platform heading into early 2025, albeit with stakeholders increasingly focused on feedstock, freight, and inventory risks.

Malaysia

Glycerine (Crude 80%) Export prices from Malaysia.

In Q4 2024, Crude Glycerine prices in Malaysia moved higher, with the price trend in Malaysia recording a robust 14.91% quarter‑on‑quarter increase to USD 310–370 per metric ton FOB Port Kelang. The upswing was driven by stronger seasonal demand from food, feed, and personal‑care applications, alongside active export programs that tightened domestic supply. Producers reported fuller order books, and limited spot cargoes commanded noticeable premiums, particularly toward the close of the year.

In December 2024, prices jumped by 19.80% versus November as buyers engaged in pre‑holiday and year‑end inventory building. Despite some logistical bottlenecks, sellers largely maintained firm offers with minimal discounting, leaving Q4 characterized by clear bullish momentum and elevated trading activity in the Malaysian crude glycerine market.

Indonesia

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

In Q4 2024, refined Glycerine prices in Indonesia continued to rise, with the price trend in Indonesia showing an 11.35% quarter‑on‑quarter increase to USD 545–580 per metric ton FOB Port of Tanjung Priok. Solid demand from pharmaceutical, personal‑care, and cosmetics applications coincided with seasonal tightness, supporting higher contracted and spot values. Export flows remained active, and some regional supply disruptions encouraged buyers to favor Indonesian origin for reliability.

In December 2024, prices climbed by about 7.85% versus November as pre‑holiday stocking and forward contracting intensified. Market sentiment stayed broadly bullish, with producers leveraging tightness to maintain firm offers, while buyers focused on securing medium‑term cover against potential palm oil and freight‑related cost escalation.

China

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

In Q4 2024, Glycerine prices in China continued to move higher, with the price trend in China showing a 10.66% quarter‑on‑quarter rise to USD 615–680 per metric ton Ex‑Tianjin. Strong year‑end demand from cosmetics, personal‑care, and pharmaceutical segments, combined with firm export flows, sustained the upward trajectory. Seasonal logistics constraints and port‑side tightness further supported prices, prompting several buyers to secure forward contracts to avoid potential disruptions.

In December 2024, prices climbed by about 7.20% versus November as pre‑holiday stocking and calendar‑year contract closures intensified activity. Market sentiment remained upbeat, and Chinese suppliers generally favored controlled volume allocation over discounting, consolidating the higher pricing platform achieved over the second half of 2024.

Brazil

Glycerine (Crude 80%) Export prices from Brazil.

In Q4 2024, Glycerine prices in Brazil climbed by 11.74% over Q3, with crude 80% FOB Santos firming to roughly 260–285 USD/MT as stronger year‑end restocking and tighter spot availability drove the market into a clearly bullish phase. Export programs to key Asian and European destinations were active, and biodiesel producers maintained output discipline, limiting any sudden increase in crude glycerine generation that could have pressured prices.

The Price trend in Brazil turned firmly positive, reflecting robust downstream demand from pharmaceuticals, personal care, and refined glycerine segments, all of which sought to lock in volumes ahead of anticipated tightness in early 2025. In December 2024, prices stood around 6.94% higher than in November, reflecting aggressive last‑minute buying and limited prompt cargoes as the market shifted from cautious recovery to confident upward momentum.

Spain

Glycerine (Crude 80%) Export prices from Spain.

In Q4 2024, Glycerine prices in Spain reversed course, rising by 11.58% over Q3 as crude 80% FOB Algeciras stabilized in the 250–270 USD/MT band on the back of seasonal demand and some supply tightening. Stronger year‑end restocking from personal care and pharmaceutical buyers, together with more disciplined production and logistics constraints, reduced surplus material and allowed sellers to pass through modest increases. Globally, prices were also strengthening, and the firmer Price trend in Brazil helped support a more bullish tone in European negotiations. In December 2024, values stood about 0.31% higher than in November, reflecting a measured but sustained uptrend as the market moved out of its earlier slump and into a firmer pricing environment going into 2025.

Netherlands

Glycerine (Crude 80%) import price of Netherlands from Spain.

In Q4 2024, Glycerine prices in the Netherlands turned higher, rising by 7.89% over Q3 as crude 80% CIF Rotterdam (Spain) stabilized around 290–315 USD/MT amid seasonal restocking and reduced oversupply. Stronger year‑end demand from personal care and pharmaceutical formulators, combined with more disciplined import volumes and logistics constraints, helped clear excess inventories and shifted bargaining power slightly back toward sellers. At the same time, firmer global benchmarks and a bullish Price trend in Brazil supported higher replacement costs, encouraging Rotterdam suppliers to defend offers and pursue modest increases. In December 2024, prices were roughly 1.10% above November, reflecting a measured but sustained uptrend as buyers accepted firmer levels to secure coverage ahead of anticipated tightness in early 2025.

India

Glycerine (Refined 99.5-99.7%, IP) Domestically Traded prices Ex-Bhiwandi

In Q4 2024, Glycerine prices in India sustained their upward momentum, as the price trend in India showed an 18.35% quarter‑on‑quarter increase to USD 1115–1245 per metric ton Ex‑Bhiwandi. Strong seasonal demand from pharmaceuticals, confectionery, and packaging‑related applications coincided with constrained logistics and limited incremental imports, reinforcing tightness in the spot market. Domestic producers benefited from solid order books and were generally able to maintain premium offers, especially for IP‑grade material destined for regulated uses. In December 2024, prices rose by about 1.47%, indicating that levels were nearing their short‑term peak as some buyers delayed additional commitments. The quarter closed with a firmly bullish yet more mature tone, with stakeholders closely watching feedstock and freight trends for signals of future direction.

In Q3 2024, Glycerine prices across Malaysia, Indonesia, China, India, Brazil, Spain, and the Netherlands moved within a broad band of around 6–21% quarter‑on‑quarter adjustment, as the global market transitioned from earlier softness toward a more mixed and regionally differentiated pattern. Asia largely shifted back into an uptrend, with refined and crude benchmarks supported by firmer export demand, strategic restocking, and tighter spot availability, prompting many buyers to secure forward cover despite higher costs.

Brazil followed a similar, though more measured, upward path as balanced fundamentals and steady biodiesel‑linked output underpinned controlled appreciation. In contrast, Spain and the Netherlands continued to face residual length and margin pressure, resulting in modest declines and tactical discounting even as stronger sentiment in other exporting hubs began to signal an approaching floor.

Overall, Q3 2024 was characterized by firmer pricing in key Asian and Brazilian markets, gradual stabilization in Europe, and a growing emphasis on contract structures and inventory management to navigate shifting regional dynamics.

Malaysia

Glycerine (Crude 80%) Export prices from Malaysia.

In Q3 2024, Crude Glycerine prices in Malaysia stabilized, with the price trend in Malaysia registering only a marginal 0.50% quarter‑on‑quarter decline to USD 315–355 per metric ton FOB Port Kelang. Despite the slight correction, underlying demand from chemical, pharmaceutical, and personal‑care segments remained solid, preventing any pronounced sell‑off.

Mid‑quarter, several end‑users increased call‑offs to replenish depleted inventories, while exporters continued to find workable netbacks into key Asian destinations. In September 2024, prices surged by 13.54% from August, reflecting intensified spot procurement and some short‑term tightness in availability. This rebound offset earlier softness and ensured that Q3 ended with relatively firm sentiment, as buyers accepted higher valuations to secure reliable supply coverage heading into year‑end.

Indonesia

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

In Q3 2024, refined Glycerine prices in Indonesia turned higher, with the price trend in Indonesia recording an 18.01% quarter‑on‑quarter increase to USD 560–620 per metric ton FOB Port of Tanjung Priok. Export demand strengthened from pharmaceutical and industrial users, while modest logistical constraints tightened spot availability. Sellers were able to recover margins through firmer offers, especially for higher‑purity lots, though buyers became more resistant near the top of the range. In September 2024, prices dipped slightly by 0.18%, signalling a pause after the earlier run‑up as many consumers completed inventory rebuilding. Q3 ended with balanced fundamentals, firmer overall pricing, and a shift toward term contracts as buyers sought protection against further upward swings.

China

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

In Q3 2024, Glycerine prices in China rebounded strongly, with the price trend in China registering a 21.33% quarter‑on‑quarter increase to USD 485–600 per metric ton Ex‑Tianjin. Export demand strengthened, particularly from industrial and pharmaceutical users in Asia, while more efficient logistics supported firmer FOB realizations. Domestic manufacturers also stepped up runs, lifting consumption for refined glycerine in food, personal‑care, and chemical formulations.

Mid‑quarter, tighter spot availability allowed producers to defend higher offers, though some resistance emerged near the top of the range. In September 2024, prices eased slightly by 0.15% as buyers reassessed inventory positions and paced new commitments. Even with this minor correction, Q3 closed with resilient prices and healthier trading activity, laying the groundwork for further gains into year‑end.

Brazil

Glycerine (Crude 80%) Export prices from Brazil.

In Q3 2024, Glycerine prices in Brazil increased by about 6.31% quarter on quarter, with crude 80% FOB Santos consolidating around 250–265 USD/MT amid more balanced supply–demand conditions and healthier export flows. Downstream oleochemical, personal care, and refined glycerine producers operated at stable rates, supporting consistent offtake and reducing the risk of renewed oversupply.

The Price trend in Brazil remained gently upward, underpinned by steady biodiesel output and improved purchasing interest from international buyers looking to secure quality Brazilian material at reasonable levels. In September 2024, prices were about 1.11% above August, underscoring a controlled appreciation supported by fundamentals rather than speculative activity, as sellers-maintained offer discipline and buyers accepted incremental increases to ensure supply continuity through the year‑end period.

Spain

Glycerine (Crude 80%) Export prices from Spain.

In Q3 2024, Glycerine prices in Spain declined by a further 6.05% quarter on quarter, with crude 80% FOB Algeciras trading near 250–285 USD/MT as high inventories and only gradual demand improvement kept the market under pressure. Consumption from personal care, pharmaceuticals, and food applications edged higher, but not enough to significantly tighten balances, so buyers still held the upper hand in negotiations.

Meanwhile, the Price trend in Brazil was turning firmer, yet this strength filtered into Spain only slowly because local availability remained comfortable and buyers were focused on protecting margins. In September 2024, prices were roughly 0.74% lower than in August, indicating a slow, grinding softening rather than a steep correction as participants awaited clearer signs of a turnaround heading into Q4.

Netherlands

Glycerine (Crude 80%) import price of Netherlands from Spain.

In Q3 2024, Glycerine prices in the Netherlands edged down by another 0.88% quarter on quarter, with crude 80% CIF Rotterdam (Spain) indications hovering near 285–305 USD/MT as the market approached a price floor. Demand from key downstream sectors such as personal care, pharmaceuticals, and food ingredients improved slightly, helping to absorb some length and prevent a sharper correction, while import flows adjusted lower in response to weaker margins.

The global backdrop, including a strengthening Price trend in Brazil, began to lend support to sentiment, but local fundamentals were still only slowly tightening, leaving the market effectively range‑bound. In September 2024, prices were about 4.50% lower than in August, implying that some sellers accepted tactical discounts to move volumes even as the broader downtrend was nearing exhaustion.

India

Glycerine (Refined;99.5-99.7%,IP) Domestically Traded prices Ex-Bhiwandi.

In Q3 2024, Glycerine prices in India continued to rise, with the price trend in India registering a strong 13.85% quarter‑on‑quarter gain to USD 955–1085 per metric ton Ex‑Bhiwandi. Export opportunities tightened local availability, while robust domestic demand from food, industrial, and pharmaceutical users supported premium pricing for high‑purity refined grades.

Market participants reported more interest in forward cover, and bulk buyers increasingly locked in term volumes to hedge against further increases. September 2024 saw prices advance by about 6.59% versus August, driven by concentrated purchases from major FMCG and pharma players ahead of the festive season. Q3 ended with elevated confidence, firm negotiated values, and strategic warehouse management aimed at navigating a clearly bullish price environment.

In Q2 2024, Glycerine markets across Malaysia, Indonesia, China, India, Brazil, Spain, and the Netherlands moved within an overall adjustment band of roughly 2–17% quarter on quarter, reflecting a gradual transition from earlier weakness toward a more balanced but regionally uneven landscape. Asia and Brazil generally trended firmer as tighter fundamentals, healthier downstream pull from food, oral‑care, personal‑care, and chemical applications, and more disciplined production planning supported clearer upside in crude and refined benchmarks, prompting many buyers to secure medium‑term cover.

In contrast, Spain and the Netherlands continued to face oversupply and only tentative demand recovery, keeping pricing under pressure and forcing sellers to grant competitive discounts to clear inventories despite signs of stabilization elsewhere. Overall, Q2 2024 closed with sentiment shifting from purely bearish to cautiously constructive, as downside momentum faded and market participants increasingly framed strategies around managing replacement‑cost risk and timing a potential broader upturn.

Malaysia

Glycerine (Crude 80%) Export prices from Malaysia.

In Q2 2024, Crude Glycerine prices in Malaysia strengthened, as the price trend in Malaysia turned decisively upward with a 17.70% quarter‑on‑quarter increase to USD 275–375 per metric ton FOB Port Kelang. Improved buying interest from regional chemical and personal‑care manufacturers, coupled with more active export inquiries, underpinned firmer offers from Malaysian producers.

Inventory positions normalized, and most buyers focused on securing medium‑term contracts to protect against further upside risk. In June 2024, prices advanced by around 1.56% versus May, indicating a more measured but still positive end to the quarter. With fundamentals tightening and sentiment supported by healthier downstream demand, Q2 closed with a clearly bullish tone and higher replacement cost expectations across the Malaysian crude glycerine market.

Indonesia

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

In Q2 2024, refined Glycerine prices in Indonesia softened further, though at a slower pace, as the price trend in Indonesia registered a 3.28% quarter‑on‑quarter decline to USD 560–640 per metric ton FOB Port of Tanjung Priok. Supply remained comfortable and downstream demand, while steady, lacked the momentum needed to lift prices decisively.

However, sentiment improved somewhat as export inquiries picked up and buyers sought to lock in competitive levels for the second half of the year. In June 2024, prices rose by about 14.18% from May, driven by a short burst of bulk purchasing ahead of anticipated feedstock volatility. Even with this rebound, the quarter closed with generally soft but stabilizing conditions, and participants viewed the downside as increasingly limited.

China

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

In Q2 2024, Glycerine prices in China softened only marginally, as the price trend in China posted a more modest 2.47% quarter‑on‑quarter decline to USD 490–540 per metric ton Ex‑Tianjin. While overall demand was still not strong enough to drive a full recovery, improved export inquiries and gradual restocking by domestic personal‑care and food manufacturers helped slow the pace of decline.

Sellers focused on maintaining base load contract volumes, trimming only the most aggressive offers seen earlier in the year. In June 2024, prices rose by about 15.81% over May as buyers advanced purchases ahead of seasonal consumption peaks and potential feedstock volatility. This late‑quarter uplift helped stabilize sentiment, signalling that downside momentum was largely exhausted even though the market remained relatively cautious.

Brazil

Glycerine (Crude;80%) Export prices from Brazil.

In Q2 2024, Glycerine prices in Brazil rose by 14.26% from the previous quarter, with crude 80% FOB Santos moving into the 200–250 USD/MT band as inventories normalized and overseas demand from Asia and Europe improved. Buyers who had been running lean stocks stepped back into the market to cover forward requirements, while disciplined production planning from biodiesel units helped tighten spot availability and reduce the earlier supply glut.

The Price trend in Brazil turned cautiously positive, supported by better export inquiries and more stable downstream consumption in personal care, pharmaceuticals, and chemical intermediates. In June 2024, prices were roughly 2.75% higher than in May, signalling a steady, demand‑led recovery rather than a sharp spike, as market fundamentals gradually rebalanced and confidence returned after the steep Q1 correction.

Spain

Glycerine (Crude 80%) Export prices from Spain.

In Q2 2024, Glycerine prices in Spain eased by another 3.39% versus the previous quarter, with crude 80% FOB Algeciras slipping into the 265–285 USD/MT range amid persistent oversupply and subdued offtake. Many downstream players, especially in lower‑margin industrial segments, kept operating rates conservative and favored short‑term purchasing strategies, which capped any recovery attempts from sellers.

Although other regions began to stabilize, Europe’s fundamentals remained relatively soft, so the Price trend in Brazil offered limited immediate support to Spanish numbers. In June 2024, prices dropped about 9.42% compared with May, showing that end‑users took advantage of competitive offers to secure cheaper volumes, while producers accepted cuts to manage stock and cash‑flow positions.

Netherlands

Glycerine (Crude 80%) import price of Netherlands from Spain.

In Q2 2024, Glycerine prices in the Netherlands slipped a further 6.30% versus Q1, with crude 80% CIF Rotterdam (Spain) values easing into the 300–315 USD/MT band as oversupply persisted and consumption recovered only slowly. Many buyers maintained cautious operating rates and secured volumes on a short‑term basis, expecting that competitive offers would remain available, which capped sellers’ ability to raise prices.

Although global balances were starting to tighten modestly, European inventories were still comfortable, so the firmer Price trend in Brazil had not yet translated into a meaningful uplift in Rotterdam. In June 2024, prices were around 3.97% below May, showing that late‑quarter negotiations remained under pressure as traders discounted to clear tanks ahead of the second‑half contracting period.

India

Glycerine (Refined 99.5-99.7%,IP) Domestically Traded prices Ex-Bhiwandi

In Q2 2024, Glycerine prices in India shifted upward, and the price trend in India turned positive with a 7.44% quarter‑on‑quarter increase to USD 820–945 per metric ton Ex‑Bhiwandi. Firmer off‑take from food, oral‑care, and personal‑care manufacturers gradually absorbed surplus stocks, while slightly lower import competition allowed domestic suppliers to regain pricing power.

Sellers capitalized on tightening availability, especially for IP‑grade material, and pushed for higher realizations on spot parcels. In June 2024, prices climbed by around 4.00%, reflecting active pre‑monsoon procurement and selective stock building by formulators. The quarter closed with healthier sentiment and more balanced fundamentals, as buyers accepted higher levels to secure reliable supply amid expectations of continued consumption growth.

In Q1 2024, Glycerine prices across Malaysia, Indonesia, China, India, Brazil, Spain, and the Netherlands moved within an overall adjustment band of roughly 2–19% quarter on quarter, reflecting a broadly bearish but uneven global market. Ample inventories, oversupply from biodiesel and oleochemical chains, and muted demand from food, pharmaceutical, and personal‑care segments kept pricing under pressure in most regions, with buyers relying on existing stocks, favoring short‑term procurement, and pushing for deeper discounts.

Late‑quarter restocking in a few markets, including Malaysia and Brazil, generated brief month‑on‑month rebounds and hinted at emerging price floors, but these moves were not sufficient to offset the wider quarterly declines. Overall, Q1 2024 was characterized by inventory management, cautious contracting, and a wait‑and‑see stance, as market participants looked for clearer signs of demand recovery and tighter balances before committing to more aggressive purchasing or firmer offers.

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

In Q1 2024, Crude Glycerine prices in Malaysia showed a mild correction, with the price trend in Malaysia posting a 2.74% quarter‑on‑quarter decline to USD 265–300 per metric ton FOB Port Kelang. Market participants reported adequate inventories after earlier stocking, while biodiesel and oleochemical demand was steady rather than dynamic, limiting sellers’ ability to push through higher offers.

Nevertheless, March 2024 recorded a strong 22.15% month‑on‑month rise as several downstream buyers rushed to replenish working stocks ahead of anticipated feedstock and freight cost uncertainties. This late‑quarter spike shifted sentiment from broadly neutral to cautiously optimistic, setting up a firmer pricing platform for the next quarter despite the modest overall quarterly reduction.

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

In Q1 2024, refined Glycerine prices in Indonesia moved sharply lower, with the price trend in Indonesia showing an 18.95% quarter‑on‑quarter decline to USD 610–845 per metric ton FOB Port of Tanjung Priok. Oversupply, softer demand from food and pharmaceutical segments, and cautious buying after earlier highs forced producers to concede discounts.

Most buyers relied on existing inventories and delayed large spot purchases, expecting further erosion in offers. In March 2024, prices edged up by just 0.48%, indicating only a marginal late‑quarter stabilization. Overall, trading was thin and sentiment remained bearish, framing Q1 as a reset period in which market participants focused on inventory management and monitored palm‑oil‑based feedstock costs for clearer direction.

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

In Q1 2024, Glycerine prices in China trended lower, with the price trend in China showing a 15.53% quarter‑on‑quarter decline to USD 510–640 per metric ton Ex‑Tianjin. Ample inventories, limited export opportunities, and subdued offtake from pharmaceuticals and food processors kept buying interest muted as many customers deferred fresh contracts in anticipation of better numbers.

Competitive pressure among sellers encouraged discounting, but the market still struggled to generate significant spot volume. In March 2024, prices slipped a further 0.60%, underscoring cautious purchasing and weak sentiment. Overall, Q1 closed as a clearly bearish quarter, characterized by inventory management, selective restocking, and an expectation that deeper demand recovery would be needed before any sustainable rebound in Ex‑Tianjin refined glycerine values.

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

In Q1 2024, Glycerine prices in Brazil fell by 19.11% quarter on quarter, with crude 80% FOB Santos trading around 200–285 USD/MT as heavy biodiesel‑linked supply and sluggish export interest pushed the market into bearish territory. Market participants focused on liquidating inventories rather than booking fresh parcels, and downstream sectors such as oleochemicals and refined glycerine operated cautiously amid expectations of further downside.

The Price trend in Brazil was firmly negative, with global oversupply and weak demand from key export destinations in Asia and Europe weighing on sentiment. In March 2024, prices managed a rebound of about 13.27% versus February, indicating that sentiment was stabilizing slightly, yet the overall quarter remained dominated by destocking and conservative buying patterns as producers looked to clear surplus crude glycerine volumes.

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

In Q1 2024, Glycerine prices in Spain fell by 15.58% quarter on quarter, with crude 80% FOB Algeciras assessed around 280–335 USD/MT as long supply and soft demand weighed on sentiment across Europe. Buyers in detergents, personal care, and industrial chemicals largely relied on existing inventories and pushed for discounts, keeping negotiations clearly buyer‑driven.

The Price trend in Brazil was also weak, reinforcing global bearishness and encouraging Spanish consumers to postpone large contracts wherever possible. In March 2024, prices were about 1.89% higher than in February, signalling only a tentative stabilization after earlier declines as some participants cautiously replenished stocks while still remaining wary of further downside risk into Q2.

Netherlands: Glycerine (Crude 80%) import price of Netherlands from Spain.

In Q1 2024, Glycerine prices in the Netherlands declined by 10.03% quarter on quarter, with crude 80% CIF Rotterdam (Spain) cargoes assessed around 315–360 USD/MT as Europe grappled with ample supply and muted downstream demand. Buyers in detergents, personal care, and industrial segments preferred to draw down stocks, forcing suppliers to concede lower numbers and keeping negotiations firmly buyer‑driven.

The wider European market was similarly weak, and the soft Price trend in Brazil offered little external support, reinforcing bearish expectations among Rotterdam‑based traders. In March 2024, prices were still about 2.27% lower than in February, indicating that the quarter ended with continued downside pressure and only limited signs of stabilization despite some opportunistic restocking.

India: Glycerine (Refined 99.5-99.7%, IP) Domestically Traded prices Ex-Bhiwandi

In Q1 2024, Glycerine prices in India eased, with the price trend in India showing a 6.92% quarter‑on‑quarter decline to USD 775–825 per metric ton Ex‑Bhiwandi. Ample carry‑over inventories and steady but unremarkable demand from personal‑care and pharmaceutical end‑users limited sellers’ ability to raise offers, prompting more aggressive spot negotiations.

Imports remained available at competitive levels, reinforcing buyer leverage and encouraging short‑term purchasing strategies. In March 2024, prices nonetheless edged up by 2.64% as some buyers undertook modest replenishment ahead of the financial year close, but the overall quarter retained a mildly bearish tone, marked by cautious contracting and focus on inventory discipline rather than volume expansion.

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
  • Glycerol Crude


Glycerine Grades Specific Price Assessment:

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


Glycerine Global Trade and Shipment Terms

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
FOB Santos Santos, Brazil Glycerine Export price from Brazil
FOB Algeciras Algeciras, Spain Glycerine Export price from Spain
CIF Shanghai (Brazil) Shanghai, China Glycerine Import price in China from Brazil
CIF Shanghai (Indonesia) Shanghai, China Glycerine Import price in China from Indonesia
CIF Nhava Sheva (Malaysia) Nhava Sheva, India Glycerine Import price in India from Malaysia
CIF Rotterdam (Spain) Rotterdam, Netherlands Glycerine Import price in Netherlands from Spain
CIF Nhava Sheva (Indonesia) Nhava Sheva, India Glycerine Import price in India from Indonesia
CIF Hazira (Brazil) Hazira, India Glycerine Import price in India from Brazil
Ex-Tianjin Tianjin, China Domestically traded Glycerine prices in Tianjin
Ex-Bhiwandi Bhiwandi, India Domestically traded Glycerine prices in Bhiwandi
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)
    In 2024, El Niño-related weather patterns reduced yields in major oil-producing plantation zones. Authorities responded by relaxing biodiesel blending requirements to secure food-grade feedstock supplies, reducing biodiesel throughput and tightening Glycerine availability. Prices increased across domestic and export markets, raising costs for downstream industries such as pharmaceuticals, personal care, and food processing.
  • Volatile Feedstock Market & Palm Oil Regulation (2023)
    Throughout 2023, frequent policy shifts involving export taxes, quotas, and trade regulations created instability in feedstock markets, causing crude vegetable oil prices to fluctuate. Reduced biodiesel profitability led to periodic production slowdowns, decreasing Glycerine output, lifting domestic prices, and lowering exports to major Asian and European destinations.
  • Global Energy and Feedstock Disruption (Russia-Ukraine Conflict, 2022)
    In 2022, geopolitical tensions and widespread supply chain disruptions elevated global energy costs and vegetable oil prices. Temporary restrictions on edible-oil exports in key producing areas further constrained Glycerine availability, driving prices upward amid heightened uncertainty and logistical bottlenecks.
  • Biodiesel Mandate Recovery (2021)
    In 2021, reinforced biodiesel blending mandates in major production hubs boosted biodiesel output and expanded crude glycerine supply. This supply increase helped moderate prices, while surplus volumes were directed to external markets to maintain stability.
  • COVID-19 Pandemic (2020)
    During the global health crisis in 2020, demand for pharmaceutical and hygiene goods surged worldwide, sharply increasing the need for Glycerine used in sanitizers, soaps, and disinfectants. Major oleochemical-producing regions redirected output toward higher-grade material, resulting in tight supply and significant price spikes.

Why Price Watch™?

Price Watch™ 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, Price Watch™ keeps you fully informed of market dynamics.

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

Track Price Watch'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 availability 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., automotive, packaging, 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 an 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 published by 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ reflect prevailing spot market conditions, derived from independent research, verified trade inputs, and proprietary market intelligence as of the publication date. Prices are published on the specified Incoterm and represent indicative base market levels, exclusive of applicable taxes, VAT, duties, tariffs, and other statutory charges. Actual transaction values may vary depending on volume, credit terms, contractual structure, and other negotiated conditions. Market prices are inherently subject to volatility, liquidity dynamics, regulatory changes, and evolving trade activity. The information provided is for reference and benchmarking purposes only and does not constitute an offer, recommendation, or guarantee of transactional outcomes. Users should exercise independent commercial judgment and assess their specific contractual, regulatory, tax, and application requirements before making business decisions. 𝐏𝐫𝐢𝐜𝐞 𝐖𝐚𝐭𝐜𝐡™ assumes no liability for decisions taken based on this information.

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.

Glycerine is a versatile by-product mainly obtained from biodiesel, soap, and oleochemical production, and is widely used in pharmaceuticals, personal care, food and beverages, and industrial applications. Its price directly influences the cost of everyday products such as cosmetics, medicines, food additives, toiletries, and specialty chemicals, making glycerine an important component of the global circular economy. 𝐏𝐫𝐢𝐜𝐞-𝐖𝐚𝐭𝐜𝐡™ tracks these prices to help businesses and consumers understand and stay updated with the market trends.

Glycerine prices vary by grade and region. Prices are typically quoted per metric ton and change based on supply, demand, and energy costs. 𝐏𝐫𝐢𝐜𝐞-𝐖𝐚𝐭𝐜𝐡™ provides real-time price assessments across different global markets to help buyers and sellers make informed decisions.

Glycerine prices fluctuate due to changes in biodiesel, soap, and oleochemical production volumes, feedstock availability, energy and processing costs, and global logistics expenses. Regulatory incentives, sustainability certification requirements, and market standards strongly influence pricing. Seasonal variations in production, supply chain disruptions, competition with other by-products or chemical alternatives, and broader economic conditions also shape price trends, with recent outlooks indicating steady demand growth driven by decarbonization efforts and circular-economy initiatives.

The biggest buyers of glycerine are personal care, pharmaceutical, and food and beverage manufacturers, followed by industrial chemical and oleochemical producers. Additional demand comes from soap and detergent makers, textile and polymer industries, and specialty chemical companies, with trading firms also purchasing significant volumes for global distribution and industrial applications. 𝐏𝐫𝐢𝐜𝐞-𝐖𝐚𝐭𝐜𝐡™ analyses demand patterns across all these industries.

Glycerine is not directly collected as a raw material but is generated as a by-product of biodiesel, soap, and oleochemical production in chemical plants. It is recovered, purified, and refined through processes such as neutralization, filtration, and distillation before being supplied to pharmaceutical, personal care, food, and industrial manufacturers.

Glycerine trade is driven by production volumes, purity standards, regulatory compliance, and access to industrial and consumer markets. Major exporters include Malaysia, Indonesia, the United States, and European countries such as the Netherlands and Germany, which serve as both producers and trading hubs. Trade volumes fluctuate based on biodiesel and oleochemical output, sustainability and quality certification requirements, domestic demand, and global chemical market dynamics. 𝐏𝐫𝐢𝐜𝐞-𝐖𝐚𝐭𝐜𝐡™ tracks production levels, export flows and trade patterns to help businesses understand global supply chains and identify sourcing opportunities.

Supply generally matches demand, but regional shortages can occur due to plant shutdowns, transportation problems, or sudden spikes in industrial activity. 𝐏𝐫𝐢𝐜𝐞-𝐖𝐚𝐭𝐜𝐡™ monitors these supply-demand imbalances to alert the market about potential shortages or surpluses.

Glycerine prices vary by grade based on purity, moisture content, color, and presence of impurities. High-purity, refined, and certified glycerine commands higher prices due to better performance in downstream applications and regulatory acceptance, while lower-quality or crude grades trade at a discount because they require additional processing and have more limited uses. 𝐏𝐫𝐢𝐜𝐞-𝐖𝐚𝐭𝐜𝐡™ provides separate price assessments for each grade to ensure market transparency.

When glycerine demand rises rapidly, often due to increased biodiesel, soap, or oleochemical production, prices typically increase. Producers may prioritize long-term or certified buyers, while others face tighter availability, longer lead times, or higher premiums to secure high-quality or certified glycerine supplies. 𝐏𝐫𝐢𝐜𝐞-𝐖𝐚𝐭𝐜𝐡™ captures these market dynamics in real-time.

Collection and logistics are among the largest cost components for glycerine. When feedstock, energy, or labor costs rise, producers often pass these costs on to buyers, making glycerine more expensive. This is why prices in regions with cheaper electricity tend to be lower, a correlation that 𝐏𝐫𝐢𝐜𝐞-𝐖𝐚𝐭𝐜𝐡™ analyses in its price assessments & market reports.

Glycerine prices vary by region based on feedstock availability, production and logistics costs, regulatory requirements, and local industrial and consumer demand. Areas with limited raw material supply or stricter sustainability standards typically see higher prices due to added processing and compliance costs. 𝐏𝐫𝐢𝐜𝐞-𝐖𝐚𝐭𝐜𝐡™ tracks prices across all major regions to highlight these differences.

The glycerine market outlook depends on factors such as growth in biodiesel, soap, and oleochemical production, feedstock availability and costs, production and logistics expenses, and sustainability and regulatory compliance requirements. 𝐏𝐫𝐢𝐜𝐞-𝐖𝐚𝐭𝐜𝐡™ regularly publishes detailed forecasts that project price movements for the next 12 months based on comprehensive analysis of supply additions, demand growth in key industries, seasonal patterns, and macroeconomic indicators. Our forecasts help businesses anticipate market conditions and plan accordingly.

Absolutely. Accurate forecasting allows you to time your purchases better, negotiate contracts more effectively, and budget more accurately. If 𝐏𝐫𝐢𝐜𝐞-𝐖𝐚𝐭𝐜𝐡™ forecasts predict a price increase in three months, you might choose to stock up now or lock in long-term contracts at current rates, potentially saving thousands of dollars.

Events like natural disasters, trade disputes, plant accidents, or economic downturns can disrupt production or shipping of glycerine, causing supply shortages and price spikes. For example, the COVID-19 pandemic, India’s 2021 anti-dumping duties, and Winter Storm Uri (2021) created significant market volatility in the glycerine sector. 𝐏𝐫𝐢𝐜𝐞-𝐖𝐚𝐭𝐜𝐡™ provides timely alerts when such events affect the market.

𝐏𝐫𝐢𝐜𝐞-𝐖𝐚𝐭𝐜𝐡™ collects data from manufacturers, distributors, and buyers worldwide to publish regular price assessments, market reports, and forecasts. Our transparent methodology and comprehensive coverage make us a trusted source for understanding fair pricing and market trends in the Glycerine industry.

Access Real-Time Glycerine Price Trends
Access Real-Time Glycerine Price Trends