Glycerine Price Trend and Forecast

Glycerine Price Trend Q1 2025

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.

Glycerine Price Trend Q2 2025

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.

Glycerine Price Trend 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.

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)

According to Price-Watch™ , 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.