| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Propylene Glycol | China | FOB | USD 1,607.31/MT | April 2026 |
| Propylene Glycol | USA | CIF | USD 1,694.31/MT | April 2026 |
| Propylene Glycol | Germany | CIF | USD 1,733.59/MT | April 2026 |
| Propylene Glycol | India | CIF | USD 1,657.19/MT | April 2026 |
| Propylene Glycol | Japan | CIF | USD 1,649.31/MT | April 2026 |
| Propylene Glycol | China | FOB | USD 1,106.89/MT | March 2026 |
| Propylene Glycol | China | FOB | USD 859.00/MT | February 2026 |
| Propylene Glycol | USA | CIF | USD 1,510.00/MT | February 2026 |
| Propylene Glycol | Germany | CIF | USD 1,390.00/MT | February 2026 |
| Propylene Glycol | India | CIF | USD 974.00/MT | February 2026 |
| Propylene Glycol | Japan | CIF | USD 884.00/MT | February 2026 |
Stay updated with the latest propylene glycol prices, historical data, and tailored regional analysis
Asia
In Asia, propylene glycol prices increased sharply during Q1’26 as higher propylene oxide and crude-linked feedstock costs lifted production expenses. China prices rose from ~USD 856.26/MT in January to ~USD 1,106.89/MT in March, showing a ~29.27% increase. India prices moved from ~USD 964.94/MT to ~USD 1,161.89/MT, up ~20.41%. Japan also recorded a strong gain, rising from ~USD 898.44/MT to ~USD 1,142.89/MT, a ~27.21% increase. The Strait of Hormuz closure raised concerns over crude, LPG, and petrochemical cargo movement into Asia, supporting higher feedstock and freight costs. Demand from resins, polyether, coatings, and antifreeze applications helped sustain the upward movement.
Europe
In Europe, propylene glycol prices increased during Q1’26 due to higher energy, freight, and feedstock costs. Germany prices rose from ~USD 977.91/MT in January to ~USD 1,188.89/MT in March, recording a ~21.57% increase. The Iran war and Strait of Hormuz closure raised crude and petrochemical supply concerns, which pushed replacement costs higher. Demand from resins, coatings, and industrial formulations remained steady, allowing suppliers to pass on higher costs.
North America
In North America, propylene glycol prices also moved upward in Q1’26. USA prices increased from ~USD 941.65/MT in January to ~USD 1,193.89/MT in March, reflecting a ~26.79% rise. Feedstock pressure from propylene and propylene oxide supported the increase, while global freight and energy risk lifted replacement values. Demand from antifreeze, cosmetics, resins, and industrial applications remained firm.
Analyst Insight
According to Procurement Resource, near-term propylene glycol prices may stay firm if crude, propylene oxide, and freight costs remain elevated. A correction may emerge if feedstock costs ease and downstream buyers limit restocking.
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Asia
In Q4 2025, propylene glycol prices in Asia exhibited mixed movement throughout the quarter. The Chinese market experienced a decline during the initial months, continuing the subdued sentiment from the prior period. Downstream sectors, particularly those manufacturing antifreeze formulations, unsaturated polyester resins, and industrial solvents, maintained cautious procurement strategies amid margin constraints and operational challenges. Industrial buyers demonstrated measured restocking behavior, constrained by weak demand signals from end-use segments including automotive coolants, construction materials, and industrial applications. Production rates in derivative facilities remained conservative, limiting spot market activity. Cost pressure from propylene, the primary feedstock, remained muted as international market dynamics and structural oversupply concerns limited upward price transmission. The latter portion of the quarter witnessed a modest recovery as market participants adjusted to earlier price corrections. Nevertheless, the uptick proved moderate, and prices settled into a stable range as the period concluded, with trading activity characterized by limited volatility.
Europe
European propylene glycol markets mirrored the Asian pattern during the fourth quarter. The period commenced with softer pricing levels, reflecting restrained demand from downstream applications including cosmetics, pharmaceuticals, polyester resin manufacturing, and functional fluids. Procurement activity remained measured across derivative sectors, with buyers adopting hand-to-mouth purchasing patterns. No substantial cost-driven support emerged from propylene feedstock channels, as energy costs and production economics provided neutral signals. As the quarter progressed, prices registered a mild recovery before transitioning into a consolidation phase. Market volatility remained contained throughout, with the region moving from early weakness toward relative stability by period end. Trade flows remained balanced, with import-export dynamics showing no significant disruption.
North America
North American propylene glycol pricing followed a trajectory comparable to other global regions in Q4. Initial softness reflected balanced-to-comfortable supply availability alongside moderate demand from antifreeze, food-grade, and industrial chemical segments. Mid-period price adjustments provided limited upward momentum, though gains lacked sustainability as propylene cost support remained neutral. By quarter close, prices had stabilized, consistent with broader international patterns of contained recovery and range-bound trading.
Propylene glycol is a colorless, odorless, and slightly sweet-tasting organic compound with the chemical formula C3H8O2. It is a type of alcohol and belongs to the class of diols. Propylene glycol is widely used in various industries due to its unique properties. It is a hygroscopic liquid, meaning it absorbs water from the air. This property makes it valuable as a humectant in products like cosmetics, food, and pharmaceuticals, helping to retain moisture and prevent drying.
Additionally, it has low toxicity and is considered safe for human consumption, leading to its usage as a food additive and in medicinal preparations. Propylene glycol also functions as a solvent in numerous applications, making it a versatile and widely employed chemical compound.
C3H8O2
Cosmetics and personal care items, Antifreeze and deicing fluid, Industrial coolant, Food additive and solvent, Chemical processing
Lyondell Basell Industries Holdings B.V., INEOS, BASF SE, Repsol, Dow
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-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.
This process involves reacting hydrogen peroxide and propylene monomer to produce propylene oxide. Additionally, propylene glycol is created by hydrating the acquired product, propylene oxide.
In this process, propylene oxide is directly hydrolyzed with water to produce propylene glycol.
In this procedure, hypochlorous acid and propylene monomer react to form propylene chlorohydrin. Additionally, sodium hydroxide reacts with propylene chlorohydrin to produce propylene glycol.
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