Price-Watch’s most active coverage of Oil and Grease Paper price assessment:
Asia-Pacific
- Oil and Grease Paper 40-50 GSM KIT-7 (White) Ex-Mumbai, India
- Oil and Grease Paper 40-50 GSM KIT-7 (White) Ex-Kolkata, India
- Oil and Grease Paper 40-50 GSM KIT-7 (White) Ex-North India, India
- Oil and Grease Paper 40-50 GSM KIT-7 (White) FOB Nhava Sheva, India
- Oil and Grease Paper 40-50 GSM KIT-7 (White) FOB Jakarta, Indonesia
- Oil and Grease Paper 40-50 GSM KIT-7 (White) CIF Kelang (India), Malaysia
Europe
- Oil and Grease Paper 40-50 GSM KIT-7 (White) CIF Southampton (India), United Kingdom
North America
- Oil and Grease Paper 40-50 GSM KIT-7 (White) CIF Houston (India), USA
Middle East
- Oil and Grease Paper 40-50 GSM KIT-7 (White) CIF Jeddah (India), Saudi Arabia
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.
Oil and Grease Paper Price Trend Q4 2025
In Q4 2025, the Oil and Grease Paper market has been continuing to decline by 4.0% from Q3 2025, as downstream demand has remained weak and inventories have stayed elevated. Manufacturers and exporters have been offering competitive pricing and flexible terms to encourage orders, while buyers have been postponing procurement in anticipation of further price moderation. Freight and energy costs have been stabilizing but have not contributed to price support. Operating rates across plants have been being adjusted carefully to manage excess supply. Overall, market sentiment has been remaining bearish to neutral, influenced by subdued demand, year-end slowdowns, and cautious procurement strategies. The Oil and Grease Paper market has been consolidating, with a flattening price chart and steady price index, reflecting market balance at lower price levels and structured inventory management by suppliers and buyers.
Indonesia: Oil and Grease Paper export Prices FOB Jakarta, India; Grade- Oil and Grease Paper 40-50 GSM KIT-7 (White)
In Q4 2025, Oil and Grease Paper prices has been declining sharply by 6.1% compared to Q3 2025, with prices averaging between 1300-1355 USD Per metric ton. Festive and year-end demand from domestic and export buyers has been remaining muted amid economic uncertainties and cautious spending. Downstream industries have been maintaining restrained procurement due to ample inventories and limited visibility on consumption trends during the holiday period. Export competition among Southeast Asian producers, including Indonesia, Malaysia, and Thailand, has been intensifying, leading to aggressive pricing strategies to capture market share. Upstream pulp prices have been softening, reducing cost support and encouraging mills to lower prices. Indonesian mills have been cutting operating rates to manage inventory levels and avoid stock overhangs. On month on month basis, price have been increasing by 2% in December compared to November 2025. Currency movements have had a minimal effect on export realizations. Overall, Q4 2025 has been reflecting a bearish market sentiment, characterized by oversupply, muted downstream demand, and intense export competition, leading to sustained downward pressure on prices.
India: Oil and Grease Paper Domestically Traded Prices Ex-Kolkata, India; Grade- Oil and Grease Paper 40-50 GSM KIT-7 (White)
In Q4 2025, Oil and Grease Paper prices in the Ex-Kolkata market have been marking a 3.5% drop from Q3 2025. The prices have been observing continued weakness in downstream demand from food packaging, bakery, and FMCG sectors, as converters have been maintaining cautious purchasing due to adequate inventories and limited visibility on end-user consumption during the year-end period. Mills have been moderating operating rates to manage stock levels efficiently, while upstream pulp and chemical prices have been softening further, reducing cost support for producers. On a month-on-month basis, December has been showing stable trend compared to November 2025. Overall, the Ex-Kolkata market has been reflecting a cautious, demand-driven environment with ample domestic supply, restrained downstream procurement, and stable logistics, contributing to a sustained bearish sentiment and quarter-on-quarter price moderation.
Malaysia: Oil and Grease Paper Imported Prices CIF Kelang, Malaysia from India; Grade- Oil and Grease Paper White 40-50 GSM KIT-7 (White)
In Q4 2025, Oil and Grease Paper prices have been averaging between USD 1310-1340 per metric ton, marking a 5.5% drop from Q3 2025, as year-end demand from bakery, food packaging, and FMCG sectors has been remaining subdued. Malaysian converters have been maintaining restrained procurement due to ample inventories from previous quarters and limited visibility on festive season consumption. Export competition from regional suppliers, particularly India and Indonesia, has been intensifying, pushing mills to adopt aggressive pricing strategies. Upstream pulp and chemical feedstock costs have been softening, reducing cost support for producers. Mills in exporting countries have been lowering operating rates slightly to manage inventories and prevent oversupply. Freight and logistics conditions have been stable, with month-on-month declines 1% in December 2025 compared to November 2025, contributing to the quarterly price drop. Overall, Q4 2025 has been reflecting a cautious and bearish market sentiment, with limited downstream demand, competitive export pricing, and stable logistics, while Malaysian buyers have been absorbing supply carefully and the market has been continuing a downward adjustment following the sharp corrections of Q3 2025.
United Kingdom: Oil and Grease Paper Imported Prices CIF Southampton, UK from India; Grade- Oil and Grease Paper White 40-50 GSM KIT-7 (White)
In Q4 2025, Oil and Grease Paper prices have been averaging between USD 1415-1585 per metric ton, registering a 1% increase compared to Q3 2025. The modest recovery has been supported by steady demand from bakery packaging, takeaway food wrapping, and FMCG applications during the year-end festive consumption period across the UK. Importers and converters have been gradually re-entering the market after cautious purchasing in the previous quarter, prompting slight restocking activity. Indian exporters have been maintaining stable production levels while upstream pulp costs have been relatively balanced, preventing aggressive price competition. Shipping availability on the India–Europe route has been stable, although minor freight adjustments have slightly influenced CIF offers. On month on month basis, prices have been firming by 1% in December compared to November 2025. Overall, the market has been reflecting a more balanced supply-demand dynamic compared to the previous quarter, with steady food packaging demand and stable logistics conditions enabling a mild price recovery while overall market sentiment has remained cautious.
USA: Oil and Grease Paper Imported Prices CIF Houston, USA from India; Grade- Oil and Grease Paper White 40-50 GSM KIT-7 (White)
In Q4 2025, Oil and Grease Paper prices have been averaging around USD 1395–1440 per metric ton, registering a decline of 8% compared to Q3 2025. Pricing has been continuing to soften as U.S. packaging converters and distributors have been maintaining conservative procurement patterns due to sufficient stock levels accumulated during earlier months. Demand from downstream sectors such as bakery packaging, fast-food wrapping, and takeaway food service applications has been continuing at a moderate pace but purchasing volumes have been limited as buyers have been prioritizing inventory management over fresh import commitments. From the upstream perspective, Indian manufacturers have been maintaining stable production activity supported by balanced pulp supply and relatively steady energy costs, allowing exporters to offer competitive prices in the international market. Seasonally, although the approach of year-end food consumption has been supporting packaging demand, it has not been strong enough to reverse the declining pricing trend. On a month-on-month basis, December prices have been slipping by around 1% compared to November 2025, reflecting slow procurement activity and continued competitive offers from exporters. Overall, the market has been continuing to experience oversupply conditions, stable upstream costs, and cautious downstream demand, leading to another quarter of price correction in the U.S. import market.
Saudi Arabia: Oil and Grease Paper Imported Prices CIF Jeddah, Saudi Arabia from India; Grade- Oil and Grease Paper White 40-50 GSM KIT-7 (White)
In Q4 2025, Oil and Grease Paper prices have been averaging between USD 1335-1365 per metric ton, representing a 5% decrease compared with Q3 2025. The market has been continuing to experience a gradual price correction as Saudi distributors and packaging companies have been sourcing material cautiously while monitoring existing stock levels. Downstream demand linked to takeaway food packaging, bakery sheet liners, and grease-resistant wrapping for fried food products has been remaining steady due to the country’s active hospitality and food retail sector. However, this steady consumption has not been translating into strong import momentum because procurement cycles have been spaced out to manage inventories efficiently. From the supply perspective, Indian manufacturers have been sustaining export availability supported by consistent pulp supply and controlled production costs, allowing suppliers to maintain competitive pricing for Middle Eastern buyers. Over the course of the quarter, prices have been drifting downward on a monthly basis, with December levels falling by 1% compared with November 2025 amid slow booking activity. Overall, ample supply from exporting regions and disciplined purchasing behaviour in Saudi Arabia have been keeping market sentiment soft, resulting in another quarter of declining CIF Jeddah prices.


