Propylene Carbonate Price Trend and Forecast

Propylene Carbonate Regional Price Overview

Get the latest insights on price movement and trend analysis of Propylene Carbonate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).


Propylene Carbonate Price Trend for the Q1 of 2024


After the holiday period in China, the propylene carbonate market displayed stability, but eventually, the market settled on the lower end of the spectrum. However, initially, the prices remained relatively steady, with raw material prices showing minor fluctuations. There was limited follow-up from downstream industries, leading to average demand during the later phases of the quarter. The inventory levels in the industry were also moderate, along with the shipments leaving Asian ports.

Propylene Carbonate Price Chart

Propylene Carbonate Price Trends and Forecast

Please Login or Subscribe to Access the Propylene Carbonate Price Chart Data

Even with these moderate levels, the traders primarily focused on reducing existing inventory levels as they anticipated that the number of new orders would remain flat. Additionally, some regions experienced adverse weather conditions, which had a moderate impact on market sentiment. The overseas demand for propylene carbonate also failed to extend any support to the market as the buyers were concerned about changing trading routes and an unkempt rise in freight charges during the first quarter of 2024.


Propylene carbonate prices in European markets surged gradually during the first quarter of 2024, driven by tightening supply across Europe. This trend was further fueled by the ongoing supply chain disruptions caused by the Red Sea crisis. The major production units lowered their production and adjusted inventories amid the oscillations in raw materials and feedstock chemical prices, further altering the supply chain functioning.

However, declines in propylene carbonate exports from Germany were attributed to a focus of the traders on catering to the domestic needs firsts and reduced orders from the overseas players. However, weakening Chinese production volumes, coupled with a strong number of orders from Thailand, Malaysia, and India, elevated the export profit margin during the later phase of the first quarter. However, while demand for propylene carbonate derivatives recovered in European markets, it remained subdued in the polyurethane sector due to weak fundamentals and high-interest rates.

North America

North American markets faced a lower supply situation due to plant outages and feedstock shortages, leading to a decline in propylene inventories and a subsequent incline in the propylene carbonate price trend during Q1 of 2024. The concerns of the traders were further fueled by the loss of feedstock propylene glycol to the abrupt closing of several production units in the region.

Asian importers also seemed to favor Middle Eastern and other propylene carbonate markets to meet demand in view of the surging cost of transportation through the US corridors. Consumer markets, especially food and cosmetics, are seeing on the other hand, reported significant gains supporting an uptrend in the pricing patterns of propylene carbonate.

Analyst Insight

According to Procurement Resource, the price trend of Propylene Carbonate is expected to fluctuate as the dim trading scenario, and unchecked rise in the cost of transportation will constrain the demand from the downstream industries in upcoming quarters.

Propylene Carbonate Price Trend for the October - December of 2023

Product Category Region Price Time Period
Propylene Carbonate Chemicals Asia 1000 USD/MT December 2023

Stay updated with the latest Propylene Carbonate prices, historical data, and tailored regional analysis


Propylene carbonate is directly sourced from propylene oxide by reaction with carbon dioxide, so the price trend for both propylene oxide and propylene carbonate align closely with each other. During the fourth quarter of the year 2023, propylene carbonate prices were observed to be varying throughout the period.

The first half of the quarter began on a weaker note since the inventory stocks were still running high, so the suppliers increased discounts in order to motivate sales. However, as the inventories moved regularly, by the end of the year, in the second half of the quarter, the propylene carbonate prices started improving slightly. Considering the regional supply and demand dynamics, the propylene carbonate market was observed to be largely stable during the period of the fourth quarter of the year 2023.


The European propylene carbonate market mostly swung at lower levels of the price curve during the said quarter of the year 2023. Neither the market queries from the consumer section nor the upstream dynamics supported the market trend positively. The market demands were largely feeble and mostly pushed the prices downwards.

North America

The American propylene carbonate market trend were observed to be closely mimicking the European market trend as the prices were observed to be swinging downwards here too. The inventories were full; however, the market demands were not able to sustain the trade momentum. Overall, tepid market trend were witnessed.

Analyst Insight

According to Procurement Resource, the propylene carbonate market trend are likely to continue to waver similarly in the coming months, given the volatile market dynamics and pricing fundamentals.

Propylene Carbonate Price Trend for the July - September of 2023


The lukewarm approach of downstream industries and the excess influx of propylene carbonate proved to be a challenge for the propylene carbonate price trend during the third quarter of 2023. The quarter also witnessed a need-based approach adopted by the consumers and oscillating costs of raw materials. This, in turn, led to the depreciation of the market fundamentals of propylene carbonate.

Along with this, the rise in inflationary pressure and the weak position of the economy restricted the spending budget of the consumers. Because of the same factors, the industrial and manufacturing sectors also registered a significant contraction, leading to a decline in the propylene carbonate price graph.


In Europe, the consumers halted their purchasing activities depreciated the demand for propylene carbonate and hampered the propylene carbonate price trend. Further, the soaring inflation rates and consistent hikes in the interest rates charged by the banks had an adverse effect on the procurement rates of propylene carbonate. Further, the feedstock industries and raw materials sector also failed to provide any cost relief for the propylene carbonate market; thus, ultimately, the propylene carbonate price trend declined.

North America

In North America, the reluctance of consumers to place bulk orders in view of the weak condition of the economy forced the propylene carbonate price trend to move southwards. The region also suffered from the disruption in the supply-demand equilibrium as the imports and production of propylene carbonate exceeded the demand by several folds. In addition to this, the automotive sector subdued its demand for propylene carbonate while being the most significant key player in the propylene carbonate market.

Analyst Insight

According to Procurement Resource, the price trend of Propylene Carbonate are estimated to trace a declining trajectory as the end-user demand and depleting global economic conditions are not expected to support the propylene carbonate market dynamics.

Propylene Carbonate Price Trend for the First Half of 2023


The Asia-Pacific region witnessed a rebound that supported the rise in the prices of propylene carbonate. The supply chain in the region got disrupted due to the Lunar holiday season, which led to the constriction in the availability of the product in the market. In addition to this, the demand outlook from the downstream industries also remained positive throughout the quarter while the production rates remained firm. However, in the second quarter, the overall market activities were slow.

The declining prices of propylene carbonate were the direct result of high inflation and declining consumer sentiments. Reduction in the number of inquiries and exports to European nations further fueled the movement of propylene carbonate prices in the southward direction.


The European region followed the footsteps of Asia Pacific as the prices of propylene carbonate inclined in the first quarter but experienced a mixed trend in the second quarter.

The first quarter was supported by the rise in the market activities of the upstream propylene and downstream automotive industries. But the aftereffects of the Russia-Ukraine war and feeble support from the feedstock cost caused the prices of propylene carbonate to decline in the initial months of the second quarter.

The market dynamics improved in the later months of this quarter with support from the improvements in the prices of propylene oxide. However, chemical manufacturing showed a reduction in its market activities that forced the manufacturers to reduce their profit margins.

North America

Propylene carbonate prices in North America fluctuated in both the first and second quarters of 2023. The mixed trend of prices was the result of the slowing down of market activities as the consumers withdrew their support and adopted a wait-and-see approach. In addition to this, stockpiles of propylene carbonate increased in the region due to the low procurement from the electric vehicle and related sectors.

The soaring cost of crude oils also stood as a mountain in front of manufacturers who were already struggling with uncertain market conditions. In the second quarter also, along with these factors, the lowering of feedstock costs and a rise in inflation added their bits to the already falling price trend of propylene carbonate.

Analyst Insight

According to Procurement Resource, the price trend of propylene carbonate is expected to witness a fluctuating trend due to the inclining interest and inflation rates and high uncertainties in global demand.

Procurement Resource provides latest prices of Propylene Carbonate. 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.

Platform Sample

Please Login or Subscribe to explore our dashboard.

About Propylene Carbonate

Propylene carbonate is a liquid of high solvency and low volatility that is colorless and odorless in nature. It is popularly employed as a solvent in lithium-ion batteries, paints, coatings, adhesives, and personal care products. It is also used in gas purification, medicinal formulations, and textile manufacturing. Its versatility originates from its capacity to dissolve a wide range of compounds while being stable and safe in a variety of applications.

Propylene Carbonate Product Details

Report Features Details
Product Name Propylene Carbonate
Chemical formula C4H6O3
Industrial Uses Paints and coatings, Textile and leather industry, Carbon capture processes, Gas purification, Personal care products
HS Code 29209099
CAS Number 108-32-7
Molecular weight 102.09 g/mol
Synonyms 4-Methyl-1,3-dioxolan-2-one, Cyclic 1,2-propylene carbonate
Supplier Database BASF SE, Hunstman International LLC, LyondellBasell Industries B.V., Tedia Carl Roth GmbH, TCI Chemicals Pvt Ltd, Shandong Shida Shenghua Chemical Group Co Ltd, Linyi Evergreen Chemical Co Ltd
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery

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.

Propylene Carbonate Production Processes

The reaction of propylene oxide and carbon dioxide in the presence of multifunctional metal and halide free alkanolamine catalyst at highly drastic conditions of high temperature and pressure produces propylene carbonate via a cycloaddition pathway.


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).

Assistance from Experts

Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.

Client's Satisfaction

Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.

Assured Quality

Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.

Table Of Contents

Our Clients


Get in Touch With Us


Phone:+1 307 363 1045


Phone: +91 1203185500


Phone: +44 7537 132103



Get latest News About Procurement Resource
Subscribe for news

This site uses cookies (including third-party cookies) to record user’s preferences. See our Privacy PolicyFor more.