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Propylene Glycol Price Trend and Forecast

UNSPC code: 41116107
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⟳ Weekly Update
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Historical Data Since 2015
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Forecast for 2026

propylene glycol Price Trends by Country

cnChina
inIndia
saSaudi Arabia
aeUnited Arab Emirates
egEgypt
trTurkey
frFrance
beBelgium

Global propylene glycol Spot Market Prices, Trend Analysis and Forecast

Price-Watch™ provides price assessments for Propylene Glycol across top trading regions:

Asia

  • Propylene Glycol Industrial Grade (99.5%) FOB Shanghai China
  • Propylene Glycol Industrial Grade (99.5%) Ex-Kandla India
  • Propylene Glycol Industrial Grade (99.5%) CIF JNPT (China), India


Middle East

  • Propylene Glycol Industrial Grade (99.5%) FOB Jeddah Saudi Arabia
  • Propylene Glycol Industrial Grade (99.5%) CIF Jebel Ali (China), UAE
  • Propylene Glycol Industrial Grade (99.5%) CIF Jebel Ali (Saudi Arabia), UAE
  • Propylene Glycol Industrial Grade (99.5%) CIF Alexandria (China), Egypt

Europe

  • Propylene Glycol Industrial Grade (99.5%) CIF Haydarpasa (China), Turkey
  • Propylene Glycol Industrial Grade (99.5%) CIF Haydarpasa (Saudi Arabia), Turkey
  • Propylene Glycol USP/EP Grade (99.9%) FOB Marseille France
  • Propylene Glycol USP/EP Grade (99.9%) FD Antwerp Belgium
  • Propylene Glycol Industrial Grade (99.5%) FD Marseille France


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.

Propylene Glycol Price Trend Q1 2026

In the first quarter of 2026, there have been rising prices of propylene glycol across the globe due to consistent demand in industries such as automotive, food and beverages, pharmaceuticals, and construction among others. In China, the country has faced tighter domestic supply of propylene glycol as well as higher export demands that have led to increased prices.

In Gulf countries like Saudi Arabia, UAE, and Egypt, the country has continued with steady supply but has faced higher prices due to geopolitical issues. In Europe, countries like France and Belgium have has to adjust to tighter supplies and higher logistics costs leading to rising prices.

China: Propylene Glycol Export Prices FOB Shanghai, China; Grade- (99.5% min) Industrial Grade

Propylene Glycol prices in China have appreciated by 5% in the first quarter of 2026 compared to the preceding quarter due to continuing domestic supply shortages. The Propylene Glycol price trend in China have seen an improvement due to growing demand for exports into automotive and food & beverages markets and stable construction.

As opposed to the preceding month, in China, Propylene Glycol prices in March 2026 have grown by 21.5% compared to February 2026 due to rising anticipation of higher order volumes prior to the peak production period. It is worth noting that geopolitical risk factors such as escalating Israeli conflict, potential US sanctions, and the threat of Iran blocking the Strait of Hormuz have resulted in freight rates’ volatility and import premium risks.

Saudi Arabia: Propylene Glycol Export Prices FOB Jeddah, Saudi Arabia; Grade- (99.5% min) Industrial Grade

Propylene Glycol price in Saudi Arabia in the first quarter of 2026 has slightly fallen by 1%, mainly because of increased supply availability within the region. Nevertheless, Propylene Glycol price trend in Saudi Arabia have stayed strong on the back of consistent export inquiry from automotive, food and beverage, and construction sectors.

According to Price-Watch™ , in Saudi Arabia, Propylene Glycol price in March 2026 increase with that in the previous month, then it can be observed that prices have jumped by 23%. This has been attributed to higher logistics premiums on account of the Strait of Hormuz closure fears amid geopolitical uncertainties in the Middle East, including those concerning the Israel issue and US-Iran tensions. Nevertheless, overall product flows within the Gulf region have managed to stay supported by strong global demand.

France: Propylene Glycol Export Prices FOB Marseille, France; Grade- (99.9%) USP/EP

Propylene Glycol price in France has been up by 1% in the first quarter of 2026 compared to the preceding quarter, which is due to stable demand from the pharmaceutical industry along with some level of supply restrictions. Propylene Glycol price trend in France because of production changes and conservative restocking activities.

On a month-on-month basis, in France Propylene Glycol price in March 2026 increase by 5.2% from February. This has been mainly attributed to a lower availability of raw material and an elevated cost of logistics. Geopolitical risks such as developments in Israel, political tension between the US and Iran, and closure of the Strait of Hormuz have contributed to this risk premium for shipping.

Turkey: Propylene Glycol Import prices CIF Haydarpasa, (China) Turkey; Grade- (99.5% min) Industrial Grade

Propylene glycol price in Turkey is expected to be on an upward trend in the first quarter of 2026. In this regard, propylene glycol price trend in Turkey rose by 8.0% compared to the previous quarter (Q4 2025). Thus, in Turkey propylene glycol price in March 2026 has been higher than in February 2026 by 19.2%. Importers have considered costs increases caused by Iran and restricted supplies from China.

The increase in prices in Turkey has been partly associated with geopolitical tensions between Iran and other countries. For example, recent events concerning Iran’s activity in the Strait of Hormuz are causing an increase in shipping and energy prices.

UAE: Propylene Glycol Import prices CIF Jebel Ali, (China) UAE; Grade- (99.5% min) Industrial Grade

In Q1 2026, propylene glycol price in UAE has advanced, and the propylene glycol price trend in UAE has grown by 4.7% compared to the previous quarter (Q4 2025), driven by steady demand in automotive, food and beverages, and construction applications. In UAE, propylene glycol price in March 2026 has surged by 22.0% compared to February, as buyers have secured supplies amid supply chain delays from China and rising freight costs.

Regional geopolitical risks, including Iran’s activities in the Strait of Hormuz and ongoing US-Israel-Iran tensions, have heightened energy and logistics expenses, which have been reflected in the cost of propylene glycol imports into the UAE.

Egypt: Propylene Glycol Import prices CIF Alexandria, Egypt; Grade- (99.5% min) Industrial Grade

In Q1 2026, propylene glycol price in Egypt has increased, and the propylene glycol price trend in Egypt has risen by 7.2% compared to the previous quarter (Q4 2025), supported by consistent demand from automotive, food and beverages, and construction sectors. In Egypt, propylene glycol price in March 2026 has climbed by 17.6% compared to February, as buyers have adjusted to higher China export costs and logistical uncertainties.

Geopolitical tensions involving the Strait of Hormuz closure, Iran’s regional activities, and the ongoing US-Israel-Iran situation have elevated energy and shipping costs, contributing to higher import prices and sustaining pressure on Egypt’s propylene glycol market.

Belgium: Propylene Glycol Import prices FD Antwerp, Belgium; Grade- (99.9%) USP/EP

In Q1 2026, propylene glycol price in Belgium has increased, and the propylene glycol price trend in Belgium has risen by 1% compared to the previous quarter (Q4 2025), driven by steady demand from the pharmaceutical sector. In Belgium, propylene glycol price in March 2026 has climbed by 5.3% compared to February, as importers from France have adjusted to tighter supply and higher logistics costs.

Geopolitical tensions, including Iran’s activities in the Strait of Hormuz and heightened US-Israel-Iran conflicts, have pushed global energy prices up, indirectly influencing shipping and feedstock costs, which have contributed to the modest upward movement of propylene glycol prices in Belgium.

India: Propylene Glycol Import prices CIF JNPT, India; Grade- (99.5% min) Industrial Grade

In Q1 2026, propylene glycol price in CIF India has increased compared to the previous quarter, with propylene glycol price trend in CIF India rising by 9.7 % from Q4 2025, while propylene glycol price in India EX Kandla has risen by 11 % compared to the previous quarter. In India, Propylene glycol prices in March 2026 have surged by 32 % for CIF India and 25.1 % for India EX Kandla compared to February 2026.

Combined data indicate that imports from China have supported domestic availability amid strong demand from automotive, food and beverages, and construction sectors. Israel‑US‑Iran tensions and the temporary Strait of Hormuz closure have added shipping and logistics pressures.

Propylene Glycol Price Trend Analysis: Q4 2025

The market for global propylene glycol has been witnessing diverse performances in various geographic locations. The prices in China have risen marginally due to end use demand from the automotive industry, food & beverages, and construction sectors. Saudi Arabia, France, and Belgium have witnessed growth due to consistent end use demand as well as exports mainly driven by the pharmaceuticals segment.

Turkey, UAE, and Egypt have witnessed softening of prices due to subdued end use demand. Supply and import trends have influenced the price trend in the latter. India has registered small changes in its prices owing to supply chain dynamics and other raw material issues.

China: Propylene Glycol Export Prices FOB Shanghai, China; Grade- (99.5% min) Industrial Grade

There is a slight rise in propylene glycol price in China during Q4 2025 at 0.2%. Propylene glycol price trend in China has been relatively stable, with an effect from low production levels in the automotive industry and caution on the part of the food and beverages and construction industries. Compared to the previous month, in China propylene glycol price in December 2025 has fallen by 2.9%, after peaking in November 2025.

The market has been stabilized through end-use demand in the automotive and food and beverages industries. Adjustments in production levels and supply chain changes within regions have played a role in influencing price levels. Nevertheless, the market has recorded minimal gains in comparison to Q3 2025.

Saudi Arabia: Propylene Glycol Export Prices FOB Jeddah, Saudi Arabia; Grade- (99.5% min) Industrial Grade

Propylene glycol prices in Saudi Arabia have witnessed an upward movement of 4% on a quarterly basis in the fourth quarter of 2025. The quarterly performance of propylene glycol price trend in Saudi Arabia shows a positive trajectory due to constant demand in the automotive, construction, and food and beverages sectors. In Saudi Arabia, propylene glycol price trend in December 2025 have fallen by 3%, following an unchanged price level in November 2025.

Investments made in downstream sectors have contributed to market stability, along with export movements. Quarter-over-quarter comparison reveals that prices have recorded solid growth in the fourth quarter compared to third quarter 2025. Future price movements can be anticipated based on automobile production and export trends.

France: Propylene Glycol Export Prices FOB Marseille, France; Grade- (99.9%) USP/EP

Propylene glycol price in France for Q4 2025 has experienced an increase of 7% compared to the last quarter. Propylene glycol price trend in France have experienced an upward trend that has been driven by high demand from the pharmaceutical industry and export operations. In France, propylene glycol price in December 2025 have appreciated by 0.7% relative to the previous month.

There has been some impact on price movements based on logistics and sourcing, while sustained demand from downstream industries has helped maintain market conditions. The past quarter has witnessed marked price appreciation compared to the third quarter of 2025, and further analysis will be necessary regarding pharmaceutical productions and exports.

Turkey: Propylene Glycol Import prices CIF Haydarpasa, (China) Turkey; Grade- (99.5% min) Industrial Grade

The propylene glycol price in Turkey for Q4 2025 has witnessed a fall of 0.6% when contrasted with the prior quarter. There has been a slight weakening in propylene glycol price trend in Turkey because of average demand from automotive, food and beverages, and construction industries.

In Turkey, propylene glycol prices in December 2025 in comparison to November 2025 with a no percentage change. China propylene glycol imports continue to affect the supply position, whereas regional changes in the supply chain impact prices. Overall, Turkey has shown a minor fall in Q4 2025 in comparison to Q3 2025.

UAE: Propylene Glycol Import prices CIF Jebel Ali, (China) UAE; Grade- (99.5% min) Industrial Grade

In Q4 2025, propylene glycol price in UAE has declined by 0.7% compared to the previous quarter. The propylene glycol price trend in UAE has reflected subdued demand from the automotive, food and beverages, and construction industries.

Compared to the previous month, in UAE propylene glycol price in December 2025 have decreased by 3%. Chinese exports have remained the main supply source, and regional logistics and feedstock availability have influenced short-term pricing. Overall, the UAE market has shown a minor quarterly decline compared to Q3 2025, and continued observation of import volumes and sector-specific demand is expected to determine price trends in the next quarter.

Egypt: Propylene Glycol Import prices CIF Alexandria, Egypt; Grade- (99.5% min) Industrial Grade

In Q4 2025, the propylene glycol prices in Egypt have recorded a decrease of 1.2% from the prior quarter. The Propylene Glycol price trend in Egypt has been heavily influenced by the easing demand from end user industries such as automotives, food/beverages, and construction or building product sectors which resulted in bearing the price trends for propylene glycol moderately bearish.

The December propylene glycol pricing has down slightly from November to December 2025 currently at -0.2%. Propylene glycol imports from China have helped to maintain price stability according to the propylene glycol pricing but the regional supply chain level of logistics and production adjustments has changed the overall pricing dynamics of the propylene glycol market across Egypt. Egypt has experienced a price decline on average for Q4 2025 relative to the propylene glycol prices measured from Q3 2025.

Belgium: Propylene Glycol Import prices FD Antwerp, Belgium; Grade- (99.9%) USP/EP

In Q4 2025, propylene glycol price in Belgium has increased by 7% compared to the previous quarter. The propylene glycol price trend in Belgium has shown steady growth, supported by strong demand from the pharmaceutical sector and consistent imports from France.

Compared to the previous month, in Belgium propylene glycol prices in December 2025 have risen by 0.6%. Supply chain stability and raw material availability have contributed to maintaining market momentum, while ongoing pharmaceutical production has sustained end-use demand. Overall, Belgium has experienced significant quarterly gains compared to Q3 2025, and monitoring pharmaceutical sector activities and French export volumes is expected to guide price trends into the upcoming quarter.

India: Propylene Glycol Import prices CIF JNPT, India; Grade- (99.5% min) Industrial Grade

In Q4 2025, Propylene Glycol price in India has experienced slight fluctuations compared to the previous quarter, with a marginal decrease of 0.1% in CIF imports from China and a 2% decline in EX Kandla supplies. The Propylene Glycol price trend in India has been influenced by steady demand from the automotive, food and beverages, and construction sectors, which have balanced weaker activity in certain industrial segments.

Compared to the previous month, in India Propylene Glycol prices in December 2025 have decreased by 2% in CIF China imports but increased by 2.4% in EX Kandla shipments. Overall, supply chain adjustments and raw material costs have guided the market, and continued monitoring of automotive and food sector recovery has informed pricing expectations for the next quarter.

In the third quarter of 2025, Propylene Glycol prices in major global markets presented a mixed bag, influenced by variations in regional demand and trading situations. Prices in India were up 1.7% CIF and 1% Ex-Kandla, buoyed by stable imports from China and steady demand from the food, cosmetics, and automotive sectors. In China and Saudi Arabia, prices decreased 1% on account of weak downstream activity and exports.

Turkey was down by as much as 1.2% and Egypt was down 1.3% as both countries were characterized by hesitant buying patterns and softer industrial demand. The UAE experienced mixed price behavior, as one segment declined 1% and the other segment gained 0.2%. France and Belgium had solid price increases of 3%, due to strong pharmaceutical and cosmetics demand. The Propylene Glycol price for the month of September 2025 followed these regional price dynamics.

China: Propylene Glycol Export Prices FOB Shanghai, China, Grade- (99.5% min) Industrial Grade.

In the third quarter of 2025, Propylene Glycol prices in China dropped slightly, declining by 1% after rising 2% in the previous quarter. The Propylene Glycol price trend in China was influenced by weak buying sentiment in the cosmetics, automotive, and food industry, which allowed inventories to remain stable. Downstream Pharma demand remained steady but was not enough to shift the broader slowdown in market demand.

While raw material supply remained steady going into the quarter, there was a slight decrease in exports to negatively affect market sentiment. Propylene Glycol prices in September 2025 followed this downward movement as trade deteriorated and industry recovery moved slowly and impacted market expectations. Market participants considered that demand stability and changing exports would guide the pricing direction in the next quarter.

Saudi Arabia: Propylene Glycol Export Prices FOB Jeddah, Saudi Arabia, Grade- (99.5% min) Industrial Grade.

In Q3 2025, Propylene Glycol prices in Saudi Arabia experienced a 1% decrease after being stable in Q2. Propylene Glycol price trends in Saudi Arabia were affected by soft demand from the cosmetic and automotive sectors and caution in downstream buying in pharma and food markets. Despite stable production rates, pricing took a hit amid increased regional supply and subdued export interest.

Propylene Glycol pricing in September 2025 was impacted by this slight downturn and bearish market conditions. Weak external demand and stagnant domestic demand lowered expectations for Q4 while participants monitored if and when industrial demand and trade would rebound.

France: Propylene Glycol Export Prices FOB Marseille, France, Grade- (99.9%) USP/EP.

In the third quarter of 2025, Propylene Glycol prices in France increased by 3%, following an increase of 2% recorded in the second quarter. Propylene Glycol price trend in France was supported by strong offtake in pharma and cosmetics, and steady demand from food industry. Improved export orders and supply tightening in various regions in Europe underpinned a positive market view. Limited production and stable raw materials also reinforced the move higher.

The Propylene Glycol pricing in September 2025 also reflected this firming as indicators of a stronger market persisted despite inflationary impacts. Market participants predicted strong demand from value-added sectors to continue supporting pricing over the next quarter.

Turkey: Propylene Glycol Import prices CIF Haydarpasa, (China) Turkey, Grade- (99.5% min) Industrial Grade.

In the third quarter of 2025, Turkey’s Propylene Glycol price saw a modest reduction of 1.2% from the prior quarter, influenced by ongoing modest downstream consumption and varying import volumes from China. The Propylene Glycol price trend in Turkey reflected a more tempered purchasing style from end-use industries including cosmetics, food processing, and pharmaceuticals. Market participants observed good stock levels and slow offtake from formulators as important contributors to the price decrease.

Although the upstream feedstock costs changed little, the weak buying interest limited any substantial upward price activity. Propylene Glycol price in September 2025 felt downward pressure, as buyers were perceptive to procurements in anticipation of a price change. Overall, the market sentiment remained bearish, as industrial output was sluggish, and Chinese export offers continued to be steady.

Turkey: Propylene Glycol Import prices CIF Haydarpasa, (Saudi Arabia) Turkey, Grade- (99.5% min) Industrial Grade.

In the third quarter of 2025, Propylene Glycol prices in Turkey fell 1% from the prior quarter, as demand from key downstream sectors such as automotive, food processing, and cosmetics softened. In Turkey, the Propylene Glycol price trend evidenced slow market activity, as buyers were procuring product on the need to basis due to manageable inventory levels and limited consumption. The importing of Propylene Glycol from Saudi Arabia was steady but limited purchasing led to downward pricing pressure.

In addition, Propylene Glycol prices in September 2025 were also on the low side as local formulators slowed product orders, especially for the pharmaceutical and cosmetics sectors. Although the upstream feedstock prices remained mostly unchanged, the overall tone of the market in Turkey remained mixed at best, with traders expecting further price corrections into the next quarter.

UAE: Propylene Glycol Import prices CIF Jebel Ali, (China) UAE, Grade- (99.5% min) Industrial Grade.

In Q3 2025, Propylene Glycol prices in UAE experienced a slight rise of 0.2% Q2, indicating overall stability in prices with some confidence in the market. This was despite ongoing discussions about the long-term sustainability of Propylene Glycol prices in the UAE region due to stable foreign supply trends but relatively low price levels. There was consistent demand from downstream end-use industries, including personal care, automotive fluids, and food additives, which supported the Propylene Glycol price trend in the UAE, as inventory levels remained balanced with local distributors.

Imports from China continued without interruptions or delays, and raw material and upstream feedstock pricing did not experience any abrupt shocks. The logistics phase of the supply chain was functioning efficiently, in tandem with relatively strong demand from downstream consumers, to support a mild cost in this segment. Propylene Glycol prices throughout September 2025 maintained a firmer footing due to the requirement from manufacturers in the production of antifreeze and cosmetics, and domestic consumption displayed resilience during potential headwinds in the wider economy. Key Asian suppliers, especially those manufacturers based in China, did not accelerate supply, which allowed for continuity among the market participants, showing increasing confidence in the upstream supply of Propylene Glycol thus far.

UAE: Propylene Glycol Import prices CIF Jebel Ali, (Saudi Arabia) UAE, Grade- (99.5% min) Industrial Grade.

The Propylene Glycol price in the UAE fell 1% in Q3 2025 relative to the previous quarter, affected by declining consumption from end-users and steady supply flows from Saudi Arabia. The Propylene Glycol price trend in the UAE showed signs of weakening consumption patterns in downstream sectors such as food emulsifiers, automotive coolants, and cosmetic formulations. Despite stable production costs, sellers were offering discounts, as buying interest was unusually low and inventories remained high.

Propylene Glycol prices remained on the sidelines in Q3 as market participants exercised caution, and local manufacturers remained cautious in purchasing activity throughout September 2025. The oversupply of Propylene Glycol and limited downstream purchasing momentum created a bearish pricing environment, with potential buyers hoping for better clarity on Q4 consumption before making larger volume purchases.

Egypt: Propylene Glycol Import prices CIF Alexandria, Egypt, Grade- (99.5% min) Industrial Grade.

In Q3 2025, Propylene Glycol price in Egypt declined by 1.3% compared to Q2, reflecting weakening demand and import competition. The Propylene Glycol price trend in Egypt was influenced by soft offtake from downstream industries such as pharmaceuticals, food processing, and cosmetics, amidst inflationary pressures and tighter industrial activity. Suppliers from China offered competitive rates to retain market share, further pushing prices down.

Propylene Glycol price in September 2025 registered a noticeable drop, with buyers adopting a wait-and-watch approach due to currency volatility and uncertain market direction. The subdued demand environment, coupled with relatively ample supply, created bearish sentiment in the Egyptian market, keeping prices under downward pressure throughout the quarter.

Belgium: Propylene Glycol Import prices FD Antwerp, Belgium, Grade- (99.9%) USP/EP.

In Q3 2025, Propylene Glycol price in Belgium rose by 3% compared to the previous quarter, driven by stable supply from France and improving demand from the pharmaceutical sector. The Propylene Glycol price trend in Belgium reflected a firming market, as local buyers responded to tight inventory levels and slightly higher production costs in Western Europe. Increased activity in pharmaceutical manufacturing contributed to steady consumption, supporting price resilience despite broader economic uncertainties.

Propylene Glycol price in September 2025 remained elevated as French producers-maintained firm offers due to consistent raw material pricing and healthy export volumes. Market participants noted that forward-buying from pharma and healthcare-related industries added further upward pressure, keeping the Belgium market relatively bullish through the end of the quarter.

India: Propylene Glycol Import prices CIF JNPT, India, Grade- (99.5% min) Industrial Grade.

According to PriceWatch, in Q3 2025, Propylene Glycol price in India ticked higher due to continued demand from food, cosmetics, and automotive sector consumption. The Propylene Glycol price trend in India was supported by stable import volumes to India from China, as well as improved buying confidence after a softer performance in Q2 2025. On a quarter- on-quarter basis, CIF prices increased by 1.7% while Ex-Kandla prices increased 1%.

The improved market sentiment was supported by resurgent downstream consumption in food processing and personal care formulations. Although upstream raw material costs did not experience significant movement in Q3, balanced pricing between supply and end-user demand were factors in maintaining stability in pricing. Propylene Glycol pricing remained firm in September 2025, which indicates a firm market outlook entering Q4 2025.

According to PriceWatch, In Q2 2025, the price of propylene glycol varied across regions. In China, it reached USD 810 per ton, showing a 2% increase compared to the previous quarter, driven by steady demand from the pharmaceutical, food, and cosmetics sectors. In Saudi Arabia, prices remained constant at USD 879 per ton, reflecting a balanced market with stable supply and consumption rates across key end-use industries.

Meanwhile, in France, the price rose to USD 1,593 per ton, also marking a 2% increase from the previous quarter. The rise in France was influenced by stronger demand, particularly from the pharmaceutical and cosmetics sectors, supported by seasonal product requirements.

Across all regions, end-use industries such as pharma, food, and cosmetics continued to play a significant role in shaping pricing trends and market dynamics during the quarter.

According to PriceWatch, In Q2 2025, the price of propylene glycol in India averaged USD 868 per ton, reflecting a slight decrease of 0.5% compared to the previous quarter. Additionally, ex-works prices stood at USD 975 per ton, down by 1% quarter-over-quarter. The marginal decline in prices was influenced by stable yet cautious demand from key end-use sectors, including pharmaceuticals, food, and cosmetics.

The pharmaceutical sector, a major consumer, maintained consistent procurement levels, while the food and cosmetics industries showed slight moderation in demand due to seasonal and inventory factors. Despite stable supply conditions, buyers remained price-sensitive amid global economic uncertainties.

This cautious market sentiment and moderate consumption trends contributed to the downward adjustment in propylene glycol prices across both domestic and ex-works markets in India during the second quarter of 2025.

In Q1 2025, propylene glycol prices decreased across key global markets. In China, prices dropped by 10%, reaching 794 USD/Ton, due to a favorable supply-demand balance and stable demand from the pharmaceutical, food, and cosmetics sectors. In Saudi Arabia, prices decreased by 8%, reaching 879 USD/Ton, attributed to a balanced supply-demand situation and steady consumption across these industries.

In France, prices fell by 6%, reaching 1564 USD/Ton, driven by consistent consumption and a more balanced market. These price adjustments reflected stable demand and supply conditions across the pharmaceutical, food, and cosmetics sectors in all regions.

In Q1 2025, the CIF India (China) price dropped to 872 USD/ton from 966 USD/ton in the previous quarter, marking a 10% decrease. Similarly, the India ex price fell to 986 USD/ton from 1030 USD/ton, a 4% decline compared to the prior quarter. These price reductions impacted key end-use industries such as the pharmaceutical, food, and cosmetics sectors.

The decrease in raw material costs contributed to adjustments in procurement and production strategies across these industries, reflecting market responses to shifting supply and demand dynamics during the period.

Propylene Glycol Price Trend Analysis: Q4 2024

In Q4 2024, propylene glycol prices showed a decline across key global markets. In China, prices decreased by 4%, reaching 887 USD/Ton, driven by a balanced supply-demand situation and stable demand from the pharmaceutical, food, and cosmetics sectors.

In Saudi Arabia, prices dropped by 11%, reaching 953 USD/Ton, with the decline attributed to a more balanced supply-demand scenario and steady consumption across the same sectors.

In France, prices decreased by 3%, reaching 1664 USD/Ton, influenced by balanced supply-demand conditions and consistent consumption across the pharmaceutical, food, and cosmetics industries. These price adjustments reflect stable market conditions globally.

In Q4 2024, CIF India (China) prices dropped by 3% to 966 USD/ton from 997 USD/ton in the previous quarter. India ex prices also declined slightly by 1%, falling to 1030 USD/ton from 1044 USD/ton. These decreases affected major end-use sectors such as pharmaceuticals, food, and cosmetics.

The pharmaceutical industry continued to benefit from reduced raw material costs, easing production expenses. Likewise, the food and cosmetics sectors saw modest cost savings, which helped maintain stable pricing. Overall, these industries adapted their supply chains and procurement strategies in response to the continued price decline.

In Q3 2024, propylene glycol prices showed mixed trends across key global markets. In China, prices decreased by 3%, reaching 920 USD/Ton, driven by a more balanced supply-demand situation and stable demand from the pharmaceutical, food, and cosmetics sectors.

In Saudi Arabia, prices increased by 1%, reaching 1076 USD/Ton, with the slight rise attributed to increased production costs and steady consumption across these industries.

In France, prices rose by 4%, reaching 1720 USD/Ton, influenced by higher raw material costs and consistent demand from the pharmaceutical, food, and cosmetics sectors. These price adjustments reflect varying market dynamics in each region.

In Q3 2024, CIF India (China) prices slightly decreased to 997 USD/ton from 1009 USD/ton in the previous quarter, marking a 1% drop. Meanwhile, India ex prices saw a sharper decline of 10%, falling to 1044 USD/ton from 1161 USD/ton. This downward movement affected major end-use sectors such as pharmaceuticals, food, and cosmetics.

The pharmaceutical industry benefited from reduced raw material costs, lowering production expenses. Likewise, the food and cosmetics sectors enjoyed cost savings that allowed for more competitive pricing. Overall, these industries responded to the falling prices by streamlining supply chains and revising procurement approaches.

In Q2 2024, propylene glycol prices showed a decline across key global markets. In China, prices decreased by 8%, reaching 947 USD/Ton, driven by a favorable supply-demand balance and stable demand from the pharmaceutical, food, and cosmetics sectors. In Saudi Arabia, prices dropped by 3%, reaching 1070 USD/Ton, with steady demand in the same sectors and a more balanced supply-demand situation.

In France, prices decreased by 1%, reaching 1653 USD/Ton, with consistent consumption across the pharmaceutical, food, and cosmetics industries and balanced supply and demand conditions. These price adjustments reflected stable market activity and demand trends across the regions.

In Q2 2024, CIF India (China) prices dropped to 1009 USD/ton from 1081 USD/ton in the previous quarter, reflecting a 7% decrease. Similarly, India ex prices fell by 10%, reaching 1161 USD/ton compared to 1297 USD/ton last quarter. This decline affected major end-use industries such as pharmaceuticals, food, and cosmetics.

The pharmaceutical sector benefited from reduced raw material costs, easing production expenses. The food and cosmetics industries also experienced cost relief, which helped stabilize their pricing strategies. Overall, these industries adjusted their operations to take advantage of the lower input prices during the quarter.

In Q1 2024, propylene glycol prices showed varying trends across key global markets. In China, 1026 USD/Ton prices decreased by 2% compared to the previous quarter, with stable demand from the pharmaceutical, food, and cosmetics sectors, reflecting a balanced supply-demand scenario.

Meanwhile, in Saudi Arabia, 1100 USD/Ton prices of propylene glycol rose by 9%, driven by higher production costs and strong consumption across the same sectors, indicating increased market activity.

In France, prices increased by 4%, reaching 1665 USD/Ton with steady demand from the pharmaceutical, food, and cosmetics sectors, influenced by higher raw material costs and ongoing market activity.

In Q1 2024, CIF India (China) prices rose to 1081 USD/ton from 1064 USD/ton in the previous quarter, marking a 2% increase. Meanwhile, India ex prices saw a more significant rise, reaching 1297 USD/ton compared to 1169 USD/ton last quarter, an 11% increase. These price changes impacted key end-use industries such as the pharmaceutical, food, and cosmetics sectors.

The pharmaceutical sector faced moderate cost pressures due to the price rise, while the food and cosmetics industries experienced notable increases in raw material expenses. Overall, these sectors adjusted their procurement and pricing strategies in response to the evolving market conditions.

Technical Specifications of Propylene Glycol Price Trends

Product Description

Propylene Glycol is a colorless, odorless, and moisture-absorbing liquid utilized in food, pharmaceuticals, cosmetics, and industrial sectors. It functions as a solvent, moisturizer, and antifreeze agent. The main feedstock for propylene glycol is propylene oxide, which undergoes a hydration reaction with water. It is widely used in producing plastics, personal care products, and food additives.

Identifiers and Classification:

  • CAS No – 57-55-6
  • HS Code –29053200
  • Molecular Formula – C3H8O2
  • Molecular Weight (in gm/mol) – 76.094


Propylene Glycol Synonyms:

  • 1,2-dihydroxypropane
  • 1,2-propanediol
  • methyl glycol
  • trimethyl glycol


Propylene Glycol Grades Specific Price Assessment:

  • Industrial Grade (99.5% min)
  • (99.9%) USP/EP


Propylene Glycol Global Trade and Shipment Terms

  • Quotation Terms: 20-25 MT (Domestic-Bulk), 25-30 MT (Export-Import) 
  • Packaging Type: ISO Tank, Drum (220 Kg) (Import-Export-Domestic) 


Incoterms Referenced in Propylene Glycol Price Reporting

Shipping Term  Location  Definition 
FOB Shanghai  Shanghai, China.  Propylene Glycol Export Price from China. 
FOB Jeddah  Jeddah, Saudi Arabia  Propylene Glycol Export Price from Saudi Arabia. 
CIF JNPT (China)  JNPT, India.  Propylene Glycol import price in India from China. 
CIF Jebel Ali (China)  Jebel Ali, UAE.  Propylene Glycol import price in UAE from China. 
CIF Alexandria (China)  Alexandria, Egypt.  Propylene Glycol import price in Egypt from China. 
CIF Haydarpasa (China)  Haydarpasa, Turkey.  Propylene Glycol import price in Haydarpasa from China. 
CIF Haydarpasa (Saudi Arabia)  Haydarpasa, Turkey  Propylene Glycol import price in Turkey from Saudi Arabia. 
CIF Jebel Ali (Saudi Arabia)  Jebel Ali, UAE.  Propylene Glycol import price in UAE from Saudi Arabia. 
USP/EP FOB Marseille  Marseille, France  Propylene Glycol Export Price from France. 
USP/EP FD Antwerp  Antwerp, Belgium    Propylene Glycol import price in Belgium from France. 
Ex-Kandla  Kandla, India  Domestically traded Propylene Glycol price in Kandla 

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

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

Key Propylene Glycol Manufacturers

Manufacturers 
Shanghai Douwin Chemical Co., Ltd.  
The Dow chemical company 
Lyondell basell Industries 
Sabic 
Henan GP chemicals Co.ltd 
Zhejiang Polymer Chemical Co., Ltd 
Ajchem 
Nanjing Leading Chemical Co., Ltd 

Propylene Glycol Industrial Applications

propylene glycol market share end use

Historically, several events have caused significant fluctuations in Propylene Glycol prices

  • Russia-Ukraine Conflict (2022): The Russia-Ukraine conflict, which escalated significantly in 2022, has had various impacts on global supply chains, including the prices of chemicals like propylene glycol. The conflict affected the supply of raw materials and energy resources, which are critical for producing propylene glycol. This led to increased production costs. The uncertainty surrounding the conflict resulted in price volatility for many chemicals, including propylene glycol, as suppliers adjusted to fluctuating costs and demand
  • Texas Winter Storm (2021): The extreme cold caused many chemical plants and refineries in Texas to shut down or operate at reduced capacity, disrupting the supply of propylene glycol and its raw materials. The cold weather increased demand for propylene glycol in antifreeze and de-icing products, further straining supply. The combination of supply disruptions and heightened demand led to sharp price increases for propylene glycol. Prices surged due to scarcity and increased production costs.
  • COVID-19 Pandemic (2020): As supply constraints developed and demand from sanitizers grew, prices began to rise later in 2020, leading to increased costs for manufacturers and consumers.
  • Geopolitical Tensions (2018-2019): Tariffs and trade disputes between the U.S. and China led to increased costs for raw materials and finished products, affecting the chemical industry and driving up prices for propylene glycol. Tensions in regions like the Middle East influenced global oil and gas prices, impacting production costs for petrochemical products, including propylene glycol
  • Shale Gas Boom (2010s): The shale gas boom stimulated growth in the U.S. chemical sector, leading to increased production of propylene glycol and related products. The U.S. became a more competitive player in the global market, exporting propylene glycol and benefiting from favorable pricing dynamics.
  • Global Financial Crisis (2008-2009): The economic downturn led to reduced demand for many industrial products, including propylene glycol, as industries like automotive, construction, and consumer goods scaled back operations. As demand weakened, prices for propylene glycol experienced significant declines. Many producers faced pressure to lower prices to stimulate sales and manage inventory.
  • Hurricane Katrina (2005): The hurricane caused extensive damage to chemical plants and infrastructure in the Gulf Coast region, leading to temporary closures and operational halts. Damage to transportation networks, including ports and roads, disrupted the supply chain for propylene glycol, affecting both production and distribution.

These events underscore the Propylene Glycol market’s vulnerability to global disruptions and highlight the need for continuous monitoring of supply-demand dynamics.

Why Price Watch™?

Price Watch™ is your trusted resource for tracking global propylene glycol price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the propylene glycol 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 propylene glycol prices worldwide. Stay ahead of the curve with Price Watch’s™ reliable, accurate, and timely propylene glycol market data.

Track Price Watch's™ propylene glycol 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.

Propylene Glycol 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.

The price of propylene glycol is influenced by several factors, including raw material costs, particularly propylene, and production methods. Fluctuations in energy prices, supply chain dynamics, and seasonal demand from industries such as food and beverages, pharmaceuticals, and cosmetics also play a crucial role. Additionally, regulatory changes and market trends can lead to price volatility.

Supply chain disruptions, such as transportation delays, natural disasters, or geopolitical issues, can significantly impact the availability of propylene glycol. These disruptions may lead to increased shipping costs and potential shortages, causing prices to rise. Procurement heads should monitor global events and logistics to anticipate price changes and ensure a stable supply.

To manage procurement costs for propylene glycol, teams can adopt several effective strategies:

Long-Term Agreements: Establishing long-term contracts with suppliers can help lock in prices and ensure consistent supply.

Market Analysis: Regularly analyzing market trends and forecasts allows for informed purchasing decisions, optimizing timing for orders.

Diversifying Suppliers: Engaging multiple suppliers reduces dependency on a single source, mitigating risks associated with price fluctuations and supply disruptions.

Bulk Purchasing Options: Buying in bulk can yield cost savings, especially during periods of favorable pricing.

Propylene Glycol is a colorless, odorless, and slightly viscous organic compound widely used as a key ingredient in industrial and consumer applications. It is commonly utilized in the production of unsaturated polyester resins, antifreeze formulations, cosmetics, food processing, and pharmaceutical products due to its low toxicity and excellent moisture-retaining properties. Price-Watch™ tracks these prices to help businesses and consumers understand and stay updated with market trends.

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

Propylene Glycol prices fluctuate due to changes in feedstock costs (primarily Propylene Oxide, which is derived from Propylene), along with movements in Crude Oil and overall energy prices. Production capacity utilization, plant operating rates, and supply-demand balance also play a significant role in determining market trends. Demand from key end-use industries such as unsaturated polyester resins (UPR), automotive coolants and antifreeze, food and beverage, cosmetics, and pharmaceuticals strongly influences pricing. Any shifts in consumption patterns across these sectors can lead to noticeable price variations.

The biggest buyers of Propylene Glycol are manufacturers of unsaturated polyester resins (UPR), which are widely used in construction, marine, automotive components, and fiberglass-reinforced products. This segment accounts for a significant share of global consumption. Another major consuming sector is the automotive industry, where Propylene Glycol is used in antifreeze and coolant formulations due to its low toxicity and effective heat transfer properties. Price-Watch™ analyses demand patterns across all these industries.

Propylene Glycol is primarily produced from Propylene Oxide, which is derived from Propylene, a petrochemical obtained during crude oil refining and natural gas processing. The most common manufacturing route involves the hydration of Propylene Oxide, where it reacts with water to produce Propylene Glycol.

Propylene Glycol trade is driven by production capacity, regional demand-supply balances, and the level of integration within petrochemical value chains. The United States, China, and countries in Europe such as Germany, Belgium, and the Netherlands are among the world’s largest exporters of Propylene Glycol, supported by strong production infrastructure and established chemical industries. Price-Watch™ tracks production levels, export flows and trade patterns to help businesses understand global supply chains and identify sourcing opportunities.

Global supply of Propylene Glycol generally keeps pace with demand, supported by widespread production across major petrochemical regions and increasing adoption of both petroleum-based and bio-based manufacturing routes. However, regional imbalances can still occur.Short-term shortages may arise due to plant shutdowns, maintenance turnarounds at Propylene Oxide production facilities, feedstock constraints (particularly Propylene availability), or disruptions in transportation and logistics. Price-Watch™ monitors these supply-demand imbalances to alert the market about potential shortages or surpluses.

Propylene Glycol is available in several grades, and prices vary depending on purity, quality standards, and intended applications.The most common types include industrial grade, which is used in applications such as unsaturated polyester resins, antifreeze, deicing fluids, and other chemical processes. This grade typically has lower purity requirements and is therefore more cost-effective.USP/Pharmaceutical grade (often labeled as USP or EP grade) is a higher-purity form used in pharmaceuticals, food, and personal care products. It must meet strict regulatory standards for safety, purity, and consistency, which increases production and certification costs, leading to higher prices. Price-Watch™ provides separate price assessments for each grade to ensure market transparency.

When demand for Propylene Glycol rises sharply often driven by higher consumption in sectors such as unsaturated polyester resins (construction and composites), automotive coolants, pharmaceuticals, food processing, and personal care prices typically move upward due to tighter supply conditions. Producers may prioritize long-term contract customers, which can limit availability in the spot market. As a result, spot buyers often face supply constraints, longer lead times, and may need to pay premium prices to secure material. Price-Watch™ captures these market dynamics in real-time.

Energy is a significant cost component in Propylene Glycol production, particularly for processes involving the hydration of Propylene Oxide or bio-based conversion from glycerin. Increases in the prices of natural gas, electricity, or steam raise production costs, which are typically passed on to buyers, making Propylene Glycol more expensive. Feedstock costs, especially Propylene and Propylene Oxide, are also closely linked to crude oil and natural gas prices. As a result, regions with lower energy costs and well-integrated petrochemical feedstocks often have more competitive Propylene Glycol pricing. Price-Watch™ analyses in its price assessments & market reports.

Propylene Glycol prices vary by region due to differences in local production capacity, availability and cost of feedstocks (mainly Propylene and Propylene Oxide), and energy prices. Transportation and logistics expenses, import/export flows, and regional demand from downstream industries such as resins, pharmaceuticals, food processing, and personal care also influence pricing. Price-Watch™ tracks prices across all major regions to highlight these differences.

The Propylene Glycol market outlook depends on several key factors. Feedstock price trends, particularly Propylene and Propylene Oxide, directly influence production costs. Crude oil and energy price fluctuations also play a major role, given the energy-intensive nature of Propylene Glycol manufacturing. Other critical factors include production capacity expansions, plant turnarounds or maintenance schedules, and co-product or by-product economics where relevant (e.g., in integrated petrochemical operations). 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.

Global events can significantly affect Propylene Glycol supply and pricing by disrupting production, feedstock availability, or logistics. Natural disasters, factory accidents, maintenance shutdowns, trade disputes, or economic downturns can lead to temporary shortages and price spikes. For example, hurricanes impacting petrochemical hubs, force majeure declarations at Propylene Oxide or Propylene Glycol plants, Propylene feedstock constraints, trade restrictions affecting regional flows, and pandemic-driven shifts in demand have all historically caused volatility in the Propylene Glycol market. 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 Propylene glycol industry.

Access Real-Time Propylene Glycol Price Trends
Access Real-Time Propylene Glycol Price Trends