Glycerin Price Trend

Glycerin Prices (Q4 2021)


Throughout the fourth quarter of 2021, the market in Asia Pacific remained stable. This shift was largely attributable to the surge in demand from both domestic and international consumers following the discovery of COVID-19's omicron version. The downstream cosmetics and skincare industry's queries outstripped the Southeast Asian producers' capacity. As a result of the constantly high offers for palm oil in the Asian market, manufacturers were forced to reduce the operational loads in their facilities. As a result of the ripple effect, the quote for glycerin USP 99.5% grade increased by 28% in Q4 2021, and monthly average negotiations FOB Johor (Malaysia) were finalised at 2055 USD/MT in December 2021.


Despite the continued energy crisis in Europe, the European market remained buoyant in Q4 2021, owing to excessive demand that outstripped domestic production capacity. The high electricity costs pushed many firms to lower their operating rates, which, when combined with the high freight costs, stimulated the domestic suppliers to raise market quotations. Furthermore, the return of COVID boosted demand even more, and in December, CFR Hamburg talks for glycerin USP grade were finalised at 2635 USD/MT.

North America

Throughout the fourth quarter of 2021, the North American market exhibited a bullish trend. The discovery of a new omicron variation of COVID 19 in the domestic market prompted increased support from the pharmaceutical industry. As a result, prices increased by almost 10% quarter over quarter, and the DEL Midwest (USA) discussion was decided at 2641 USD/MT in the quarter ending December 2021.

Glycerin Prices (Q1-Q3 2021)


During the first quarter, supplies in Asia were somewhat balanced, notwithstanding upstream shortages caused by plant turnarounds around the Chinese Lunar New Year vacations. Furthermore, during the Suez Canal blockade in late March, the solvent’s imports were halted. The commissioning of new crackers in China, on the other hand, seemed to bring the situation back into equilibrium. As the downstream pharma sector's offtakes improved, demand soared. Due to rising demand and a global supply shortfall, FOB Shanghai prices were raised to 1180 USD/MT in March.


Due to limited biodiesel output in the northwest European region, where multiple refineries were operating at low rates, supplies in the European region were constrained in the first quarter of 2021. Due to the Suez Canal blockage, exports to the Asia-Pacific region were halted in late March.

Although biodiesel output grew in Q2-21, prices remained high due to increased demand. Low biodiesel output in the region owing to force majeure from BASF and EVONIK for biodiesel catalyst resulted in a price increase in H2-21. High raw material prices and refiners' limited access to crude glycerin worsened the problem. The upward trend was also reinforced by increased freight charges around the world as a result of a global lack of containers, manpower shortages in major vegetable oil-producing countries, and rising crude oil prices. Prices began the year 2021 at roughly 650-700 Euro/MT in Q1-21, rising to around 1300-1400 Euro/MT in September-October due to rising vegetable oil prices and freight charges.

North America

During the first quarter of 2021, supplies in the North American region were limited. The tightness was due to production interruptions induced by severe freezing weather in the Gulf Coast region of the United States. A big factory in the Bay City site with a production capacity of 120,000 MT/year was forced to shut down due to severe weather. Due to a supply constraint and continual offtakes from downstream sectors, demand soared. OQ chemicals increased feedstock prices, which increased glycerin pricing correspondingly, with a quarterly FOB average of 1150 USD/MT in Texas.

Glycerin Prices Overview 2020


During the pandemic, little to no material was supplied from Southeast Asia due to logistical challenges and a lockdown in Malaysia, which led certain oleochemical companies in the country to close. It took at least 40 days for any item to arrive in Europe from Southeast Asia. Although it was just a tiny component of most sanitizer solutions, demand remained high, with a slight increase in interest for usage in sanitizer applications. Demand spiked in India over the festive season in November, contributing to a significant increase in the currency's value. During the quarter ending in December 2020, the price of refined glycerin in India averaged 880 USD/MT. In December 2020, Global Green Chemicals (GGC), a prominent refined glycerin manufacturer in Thailand, announced the refined establishment of the solvent’s manufacturing plant. Due to the fact that the biodiesel and oleochemical industries are major contributors to glycerin production, a considerable drop in both industries resulted in its shortage of in Asia.


Prices for refined vegetable glycerin soared in 2020, owing to a lack of supply as a result of upstream biodiesel production decreases. Biodiesel companies have curtailed, and in some cases totally stopped, output due to a lack of demand for fuels in Europe paired with extremely low to negative profitability. Some biodiesel producers cut capacity in half, and many plants were shut down for an extended length of time. Supply was further curtailed by an unforeseen outage at a Saipol biodiesel factory in France, which was caused by a fire rather than production restrictions. The average price was recorded at 710 EUR/MT in 2020.

North America

Prices in the United States began to rise later in the year as raw material prices continued to rise. Market was encouraged by increased demand from end-user industries such as personal care and health care. Prices climbed in the fourth quarter, when WHO announced a formulation for creating glycerin-based hand rub and sanitizers for skin moisturization, raising its demand in the North American market. The pricing trend in the region is expected to be supported by rising Brent crude at least until Q1 2021. Furthermore, a major biodiesel producer in the United States kept its plant closed for the whole quarter. Furthermore, a major biodiesel manufacturer in the United States closed its facilities for the entire quarter, reducing its availability on the market.

Procurement Resource Database

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Procurement Resource provides latest prices of Glycerin. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

Chart Description:  

Procurement Resource provides prices of Glycerin for several regions around the globe, which are as follows:

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

About Glycerin:

Glycerin, also known as glycerol, is the simplest triol and is present in all-natural oils and fats as fatty esters. Glycerol is used in the manufacture of pharmaceuticals, personal care goods, tobacco, urethane foams, and food and cosmetic items. Glycerol derivatives include acetals, amines, esters, and ethers.

Chemical Formula:

  • C3H8O3


  • Propanetriol
  • Osmoglyn
  • 1,2,3-trihydroxypropane
  • Polyglycerine
  • Grocolene
  • Glysanin
  • Glyrol

Molecular Weight:

  • 92.09 g/mol

Industrial Uses:

  • Coatings and/or defoamers
  • Dyes
  • Finishing agents
  • Fuels and Fuel Additives
  • Agricultural Chemicals

Production Processes:

  • Production of Glycerin from Epichlorohydrin Method

Propylene is chlorinated in this process, and it is oxidised with hypochlorite to dichlorohydrines, which react powerfully to produce epichlorohydrin. This epichlorohydrin is then hydrolyzed to yield glycerol or glycerin.

Supplier Database:

  • Wilmar International
  • Emery Oleochemicals
  • IOI Group
  • KLK Oleo
  • Croda International
  • Kao Corporation
  • Cargill Inc.
  • Godrej Industries

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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