Global glycerine markets mixed; India sees sharp price rise

India

Glycerine prices in India have increased significantly over the last 12 months, mostly as a result of substantial demand from important sectors and constrained worldwide supply. A key driver in limiting supply and driving up prices has been disruptions in the production of biodiesel, especially in large exporting nations. Domestic prices increased from ₹71 per kg (~$0.85/kg) in May 2024 to ₹76.6 per kg (~$0.92/kg) in June, representing a nearly 7.9 per cent increase in a single month.

Due to supply shortages and consistent downstream demand, prices had a slight drop between July and September, sinking to about ₹70 per kg (~$0.84/kg). However, they rose sharply in October and November, reaching ₹83 per kg. The market had a significant upswing starting in February, reaching a peak of ₹102.5/kg on June 1, 2025. In comparison to the 13-month period beginning in May 2024, this indicates a 44.4 per cent rise. Tighter supply conditions and strong demand throughout the pharmaceutical, personal care, and industrial categories are the main drivers of the ongoing increase.

Global Glycerine Market Update (First Week of June 2025)

United States

Despite ongoing market uncertainties, glycerine (concentration >80 per cent) prices in the US have stayed largely steady. Because of the continued uncertainty surrounding trade policies and the possibility of tariff changes under the Trump administration's changing policies, buyer sentiment remains cautious. Decision-making has slowed as a result, and demand has fluctuated.

Southeast Asia

Glycerine (≥80 per cent) is now valued at roughly $576/MT in Southeast Asia. The market displays a balanced supply demand relationship, which is backed by consistent industrial utilisation and reliable outputs from regional oleochemical facilities.

Europe

Prices for glycerine with a purity of more than 80 per cent in Europe are rising, with an average of $610/MT. The increase is mostly due to tight supply conditions caused by reduced biodiesel production, which has curtailed the availability of crude and refined glycerine as a byproduct.

LDC Launches Glycerine Unit in Southeast Asia

Louis Dreyfus Company (LDC) has made its latest investment in Indonesia, building a new glycerine refining facility and an edible oil packaging line in Lampung. This expansion is consistent with the Group's overall strategic growth goals and strengthens its long-term commitment to operations in the region. The newly launched glycerine facility has an annual capacity of 55,000 metric tons and is intended to address the growing global demand for high-purity, USP-grade glycerine. With end-use markets such as pharmaceuticals, personal care, and cosmetics driving demand, new facility strengthens LDC's position as a significant player in the refined glycerine industry.

ALCHEMPro News Desk (VK)