During Q1 2025, the international Propylene Carbonate market saw a significant downturn across all regions. China FOB prices dropped to $757/MT, reflecting a sharp 10.63% decrease compared to Q4 2024. The decline was driven by weaker demand from key end-use industries such as coatings and battery manufacturing, compounded by excess supply in the market.
Similarly, CIF Vietnam prices fell by 10.32%, reaching $808/MT, as regional markets faced subdued industrial activity and cautious purchasing from downstream sectors. CIF Türkiye prices also decreased by 8.02%, to $940/MT, influenced by slower demand from the automotive and electronics industries. Overall, the market sentiment remained negative, with buyers hesitating to commit to large purchases due to uncertainty in the economic outlook.Â
In Q1 2025, the Indian Propylene Carbonate market faced a clear downward trend. CIF India prices dropped sharply to INR 72,360/MT, registering a -7.46% decrease from the previous quarter. The decline was mainly due to weak post-festive industrial demand and oversupply in the market, especially from China, where export availability remained strong.
Indian buyers were conservative with procurement, relying on previously built-up inventories. Ex-Mumbai prices also declined, settling at INR 90,521/MT, down -2.71%, as distributors lowered prices to clear stock amidst low offtakes.Â
According to the PriceWatch, Propylene Carbonate prices declined to 737 USD per MT in China, marking a 2.12 % drop from Q1. The Propylene Carbonate Price Trend shifted slightly bearishly due to weaker sentiment in battery chemicals and coatings demand. The Propylene Carbonate Market in India softened as battery material buyers delayed procurement. Vietnam reported reduced offtake due to seasonal slowdowns in manufacturing activity.
Türkiye saw minor drops in imports as domestic inventory levels remained high. Propylene Carbonate prices faced downward pressure from sluggish inquiries. The Propylene Carbonate price index dipped slightly with fewer bulk orders seen from traditional buyers. The Propylene Carbonate Price Chart reflected consistent price erosion through late April and May.
Feedstock propylene oxide remained adequately available, offering producers flexibility. Chinese exporters adjusted quotes to maintain volume amid regional demand weakening. Overall, Q2 marked a price correction driven by seasonal demand softening and slower downstream performance in major importing countries.Â
In Q2 2025, according to PriceWatch, Propylene Carbonate prices in India fell to 68,110 INR per MT on a CIF basis, reflecting a 5.87 % decline from Q1. Ex-Mumbai prices also dropped to 86,175 INR per MT, showing a 4.80 % quarter-on-quarter dip. The decline was largely attributed to seasonally weaker demand during monsoon, particularly from the coating and battery electrolyte sectors. Chinese suppliers reduced FOB offers to maintain competitiveness, reflecting lower regional offtake.
Inventory levels in India remained sufficient due to earlier stockpiling, which softened new imports. Mumbai-based distributors reported slower movement due to logistical delays caused by heavy rainfall. Feedstock prices in China stayed relatively flat, but a dip in procurement from Vietnam and Türkiye added bearish pressure to the export market.
Indian buyers adopted a cautious approach, aligning purchases with actual consumption rather than forecasts. Overall, Q2 showed a price correction phase shaped by monsoon-related seasonality and lower industrial activity.
The global propylene carbonate market demonstrated moderate stability in Q3 2025, with some regional variation. The Propylene Carbonate price trend fluctuated by 0.1-1.0% during the July-September 2025 quarter, driven by consistent feedstocks, energy prices, and supply chain costs at the regional level.
Although some upstream price fluctuations took place, solid demand from lithium-ion batteries, coatings, and pharmaceuticals held prices relatively steady. Continued expansion of production capacity and supply chain normalization should also help maintain pricing stability for propylene carbonate in the upcoming quarter.
China: Propylene Carbonate price FOB Shanghai, China, Purity: ~99%.
During the third quarter of 2025, the price of Propylene Carbonate in China experienced a modest decrease of 0.3%. Propylene Carbonate Price trend in China remained weak, with the market experiencing tentative stability after months of declining prices. Seasonal restocking enabled moderate buying, particularly from downstream customers in electronics and energy storage, as supply chains adapted for post-summer activity.
Exports to Southeast Asia improved slightly due to improvement in shipping conditions and steady trade lanes, which gave Chinese producers some support. Feedstock costs for propylene oxide remained stable, while crude oil benchmarks experienced price variability, but did not materially impact costs.
Overall demand in both domestic and export markets remained limited, as the trend of cautious buying practices continued during the summer months. Buyers were focused on short-term purchases without committing to long-term contracts, while general market sentiment appeared weak. In September 2025, propylene carbonate prices in China decreased 2.37% to 740 USD/ton.
Vietnam: Propylene Carbonate price FOB Haiphong, Vietnam, Purity: ~99%.
In the third quarter of 2025, Propylene Carbonate price in Vietnam decreased slightly by 0.2%. Propylene Carbonate price trend in Vietnam indicates a tentative phase of stabilization, as the market is dependent on imports from China. Some seasonal improvement in industrial activity took place after the monsoon season, which allowed for some marginal restocking, particularly in the electronics and lithium-ion battery sectors.
There was also some modest recovery in demand from the coatings sector, although overall demand for coatings continued to be dampened by widespread caution on industrial activity. Exports from China remained stable with FOB levels holding steady, backed by stable feedstock propylene oxide values. Shipping conditions across Southeast Asia were also better, resulting in fewer logistical bottlenecks and smoother trade flows into Vietnam.
Despite the positive factors in Vietnam, procurement continued to be tentative as buyers avoided pursuing aggressive forward purchasing strategies given the uncertainties globally. Buyers had a comfortable amount of supply available, which limited any significant upward momentum, keeping the propylene carbonate market either in equilibrium or controlled balance.
In general, the third quarter was a period of stability, and demand improved, leading to a cautiously optimistic outlook, balanced by the fragile sentiment and pace that ultimately dampened recovery. In Vietnam, the price of Propylene Carbonate in September 2025 decreased by 4.66% to 778USD/ton.
Turkey: Propylene Carbonate price FOB Mersin, Turkey, Purity: ~99%.
During the third quarter of 2025, Propylene Carbonate prices in Turkey were down by 0.74%. The Propylene Carbonate price trend in Turkey captures tentative stabilization, but the momentum remains weak. The resumption of industrial activity post-summer has featured some mild restocking, as downstream buyers have moved some volumes, particularly in coatings and electronics, that provided support, but only briefly.
We have observed steady imports from China, with firm import values reflected in FOB prices that were modestly firm, largely reflective of feedstock propylene oxide price stability. However, the lack of demand has limited any significant recovery in purchasing activity, and cautious buying patterns have remained a consistent feature of the marketplace.
Global economic uncertainty, and Turkey’s domestic inflationary environment, kept buyers selective and limiting them to committing to short-term volumes in the marketplace rather than entering new forward contracts.
Freight conditions have remained in reasonable balance ensuring supply security, but with little influence on price dynamics. As a result, Q3 reflected a period of relative stability, improved restocking offsetting previous declines, but being unable to gain much on the demand side creating significant upward pressure. Propylene Carbonate prices in Turkey were reported down in December 2025 at 5.49% at 861 USD/ton.
India: Propylene Carbonate price CIF Nhava Sheva, Mumbai, India, Purity: ~99%z.
According to Price-Watch, in the third quarter of 2025, Propylene Carbonate prices in India dropped by 0.39%, with this slight reduction being reported at CIF Nhava Sheva. Propylene Carbonate Price trend from India reflected some stabilization, driven by Chinese imports, and modest restocking from post-monsoon activity in the industry due to consistent demand in electronics and lithium-ion batteries.
The coatings and adhesives sector experienced slight normalization or recovery but still remained somewhat constrained. FOB China prices also remained steady, with feedstock prices for propylene oxide holding static and fluctuations in crude oil being intermittent. On the Indian buying side, the pattern of short-term sourcing from Chinese suppliers was preferred to keep from being overly committed in an uncertain global situation.
For Ex-Mumbai, the Propylene Carbonate price also fell a little larger at 0.51%. This market also experienced some moderate degree of stabilization led by seasonal restocking with industrial and chemical players returning to the market post-monsoon.
Feedstock prices for propylene oxide were flat, with little influence or distraction from crude oil pricing benchmarks. Domestic producers did a very good job of controlling production levels to align with market demand to avoid any over-supply situation. In September 2025, Propylene Carbonate prices in India fell by 0.11% (CIF) to 72,335 INR/ton and 1.82% (Ex-Mumbai) to 80,250 INR/ton.
During the fourth quarter of 2025, there has been a mild upward move within the market prices for Propylene Carbonate (PC) in China, Turkey, India, and Vietnam. The prices of PC fluctuated between USD 750 and USD 950 per metric ton, with price changes of between +1% and +7%.
The positive shift in the price is backed by continuous demand from the major end-user industries of solvents, cleaners, and industrial sectors. In addition, the market exhibited favorable supply trends, as it is evident that supply levels are consistent throughout the quarter in China, which is an exporter of the product. Production rates are relatively constant amid minor difficulties with feedstock supply.
China: Propylene Carbonate Export price from FOB Shanghai, China, Technical Grade 99% min Purity Grade
The Propylene Carbonate price in China experienced price changes from -5% to +4%. The Propylene Carbonate price trend in China is mainly shaped by modest demand from industries as well as constant supplies within the region.
Price variations have been witnessed due to cargo availability and buyers’ behavior changes, thus suggesting occasional fluctuations in a well-balanced market structure.
In China, Propylene Carbonate price in December 2025 rose by 1.7% from November due to supply chain modifications and shifting demands. The Propylene Carbonate price trend in China has shown controlled production and consumption volumes within certain industries.
Turkey: Propylene Carbonate imported price from Grade CIF Mersin (China), Turkey, Technical Grade 99% min Purity Grade
The Propylene Carbonate price in Turkey noted price change in a range of -1% to +4%. The Propylene Carbonate price trend in Turkey has been impacted due to constant demand for the product as well as steady supply conditions owing to import from China.
Changes in the availability of shipments and procurement patterns have caused variations in prices. In Turkey, Propylene Carbonate price in December 2025 have risen by 0.3% from the previous month of November, supported by steady supply conditions coupled with increased demand.
Vietnam: Propylene Carbonate imported price from Grade CIF Haiphong (China), Vietnam, Technical Grade 99% min Purity Grade
According to Price-Watchâ„¢, in Q4 2025, Propylene Carbonate prices in Vietnam, imported from China, have witnessed price fluctuations between -3% and +7%. The Propylene Carbonate price trend in Vietnam is influenced by steady demand from key sectors, alongside stable supply conditions.
The fluctuations in price reflected varying cargo availability and shifts in purchasing behavior. In Vietnam, Propylene Carbonate prices in December 2025 steady growth throughout the quarter, with a significant price increase, rising by 4.3%.
This increase is driven by moderate supply chain adjustments and improved demand. Production rates remained stable, and consumption grew at a steady pace. The broader market exhibited supply-driven volatility, with price movements reflecting the dynamics of the Propylene Carbonate market in Vietnam.
India: Propylene Carbonate imported price from Grade CIF Nhava Sheva (China), India, Technical Grade 99% min Purity Grade
India: Propylene Carbonate Domestically Traded price in Mumbai, India, Technical Grade 99% min Purity Grade
In Q4 2025, the Propylene Carbonate price in India, particularly at Ex-Mumbai, has witnessed marginal changes during the quarter. The Propylene Carbonate price trend in India showed a moderate decline followed by stabilization, with CIF prices decreasing by -5% to +3%, and Ex-Mumbai prices fluctuating between -2% and +1%.
A slight price increase of 1.7% occurred in December for CIF prices, while Ex-Mumbai prices saw a modest rise of 0.8%. In India, Propylene Carbonate price in December 2025 price fluctuations is driven by fluctuating demand across key sectors and ongoing supply chain adjustments.
The Indian market faced challenges due to slower-than-expected international shipments and occasional port congestion, which added pressure to import costs. While the global Propylene Carbonate market remained relatively stable, regional supply chain disruptions contributed to the price movements.
As supply chains gradually stabilize and production capacity improves, the price of Propylene Carbonate in India may experience moderation in the coming quarter. However, demand-side dynamics and potential disruptions could continue to influence prices.
