For the Quarter Ending December 2025
North America
• In USA, the Propylene Glycol Price Index rose by 0.97% quarter-over-quarter, reflecting steady export demand.
• The average Propylene Glycol price for the quarter was approximately USD 1496.33/MT, FOB Los Angeles.
• Propylene Glycol Spot Price stayed range-bound; the Price Index showed neutral momentum amid steady rates.
• Propylene Glycol Production Cost Trend was contained by abundant propylene oxide and lower natural gas.
• Propylene Glycol Demand Outlook remains subdued seasonally with pharmaceuticals steady and de-icing demand currently limited.
• Propylene Glycol Price Forecast suggests modest upside as downstream buyers maintain steady procurement into year-end.
• Propylene Glycol Price Index volatility remained low as inventories stayed adequate and outages were absent.
• Export enquiries supported FOB offers modestly while Propylene Glycol Spot Price arbitrage remained limited domestically.
Why did the price of Propylene Glycol change in December 2025 in North America?
• Abundant propylene oxide and natural gas contained production costs, limiting upward pressure on December prices.
• Balanced supply and steady downstream contract buying prevented tightness despite seasonal de-icing and construction demand.
• Resolved logistics and unchanged refinery rates eased distribution, reducing urgency for inventory-driven purchasing activity.
APAC
• In Japan, the Propylene Glycol Price Index fell by 11.82% quarter-over-quarter, due to weak demand.
• The average Propylene Glycol price for the quarter was approximately USD 2000.00/MT, per trading totals.
• Propylene Glycol Spot Price tightened as December arrivals delayed, prompting buying and reducing spot liquidity.
• Propylene Glycol Production Cost Trend increased as stronger propylene oxide and freight lifted variable expenses.
• Propylene Glycol Demand Outlook shows selective restocking from automotive and cosmetics, supporting seasonal near-term increases.
• Propylene Glycol Price Forecast expects modest upside as buyers secure year-end tonnage amid tighter availability.
• Inventory movements and import delays influenced the Propylene Glycol Price Index, producing constructive near-term tone.
• Domestic plants operated normally with midrange rates, while exporters prioritized domestic commitments during year-end sequencing.
Why did the price of Propylene Glycol change in December 2025 in APAC?
• Ample domestic production alongside duty-free imports reduced urgency, creating surplus and weighing on quarter-end prices.
• Firmer propylene oxide and higher freight increased landed import costs, pressuring replacement economics during December.
• Year-end restocking by automotive and cosmetics tightened prompt availability, prompting purchases and upward price adjustments.
Europe
• In France, the Propylene Glycol Price Index rose by 0.53% quarter-over-quarter, reflecting steady seasonal demand.
• The average Propylene Glycol price for the quarter was approximately USD 1593.67/MT, indicating stable conditions.
• Propylene Glycol Spot Price remained range-bound quarter amid balanced imports, smooth logistics and moderate offers.
• Regional feedstock stability kept Propylene Glycol Production Cost Trend flat, supporting steady conversion margins quarter.
• Propylene Glycol Demand Outlook remains balanced with cosmetics and coolant increases offset by cautious restocking.
• Distributor inventories stayed near averages, keeping the Propylene Glycol Price Index steady across French hubs.
• Flows from Netherlands and Germany eased tightness; Propylene Glycol Price Forecast signals modest sideways bias.
• Continuous operations at Fos-sur-Mer supported conversion margins, reinforcing the Propylene Glycol Price Index and firmness.
Why did the price of Propylene Glycol change in December 2025 in Europe?
• Winter blending raised antifreeze and de-icing demand modestly while imports remained sufficient, nudging prices slightly.
• Smooth Le Havre port operations and container availability kept landed costs contained, limiting upside pressure.
• Propylene oxide feedstock costs were flat and regional plants ran, constraining conversion cost-driven price rises.
For the Quarter Ending September 2025
North America
• In the USA, the Propylene Glycol Price Index rose by 0.92% quarter-over-quarter, reflecting balanced supply.
• The average Propylene Glycol price for the quarter was approximately USD 1357.00/MT, FOB Los Angeles.
• Propylene Glycol Spot Price held within a tight band, anchoring the Propylene Glycol Price Index.
• Propylene Glycol Price Forecast indicates upside risk as seasonal restocking and measured export buying influence.
• Propylene Glycol Production Cost Trend muted as propylene oxide and energy costs remained broadly steady.
• Propylene Glycol Demand Outlook moderate with steady pharmaceuticals and personal care demand, modest pre-winter buying.
• Adequate inventories limited short-term upside while stronger export enquiries tightened availability and supported price gains.
• Major U.S. producers ran reliably, sustaining feedstock throughput and preventing outages, supporting stable market operations.
Why did the price of Propylene Glycol change in September 2025 in North America?
• Balanced domestic supply and steady production rates reduced urgency, tempering upward price pressure in September.
• Modest strengthening of export inquiries and seasonal restocking raised demand, providing support to Price Index.
• Stable propylene oxide feedstock costs and smooth logistics maintained production economics, limiting sudden cost-driven spikes.
APAC
• In Japan, the Propylene Glycol Price Index fell by 20.45% quarter-over-quarter, driven by oversupply and weak demand.
• The average Propylene Glycol price for the quarter was approximately USD 2268.00/MT, reflecting subdued domestic and export buying.
• Propylene Glycol Spot Price remained pressured by steady plant run-rates and competitive import flows across ports.
• Propylene Glycol Price Index movement reflected subdued offtake from personal care, automotive, and food additives markets.
• Propylene Glycol Production Cost Trend was stable as feedstock costs remained contained, limiting upward pricing pressure.
• Propylene Glycol Demand Outlook stayed muted with distributors preferring just-in-time buying and cautious replenishment strategies.
• Propylene Glycol Price Forecast indicates limited near-term upside absent stronger export orders or supply disruptions in region.
• Propylene Glycol Price Index volatility moderated as inventories aligned and logistics remained uninterrupted, supporting orderly trading conditions.
Why did the price of Propylene Glycol change in September 2025 in APAC?
• Stable domestic production and competitive imports maintained abundant supply in September, reinforcing downward price pressure.
• Subdued downstream demand and cautious restocking limited buying during quarter end, preventing recovery in spot pricing.
• Contained feedstock costs and smooth logistics removed cost drivers, keeping producers reluctant to raise offers.
Europe
• In France, the Propylene Glycol Price Index rose by 1.15% quarter-over-quarter, driven by balanced supply.
• The average Propylene Glycol price for the quarter was approximately USD 1585.33/MT, reflecting stable demand.
• Propylene Glycol Spot Price remained range-bound as inventories were comfortable, limiting spot buying and volatility.
• Propylene Glycol Price Forecast signals modest upside due to seasonal restocking and disciplined regional supply.
• Propylene Glycol Production Cost Trend remained muted with stable propylene oxide costs offsetting logistics pressure.
• Propylene Glycol Demand Outlook appears steady from pharmaceuticals and cosmetics, supporting consumption without speculative buying.
• Propylene Glycol Price Index reflects German export influence, shaping French buying and short-term import dynamics.
• Major producers maintained normal operating rates; inventories comfortable, export demand modestly firmer supporting near-term stability.
Why did the price of Propylene Glycol change in September 2025 in Europe?
• Balanced supply from domestic producers and steady German exports limited shortages, reducing immediate upward pressure.
• Stable propylene oxide costs offset logistics and currency, keeping Propylene Glycol production cost trend muted.
• Comfortable inventories and cautious downstream procurement limited spot activity, while seasonal restocking supported demand uptick.
For the Quarter Ending June 2025
North America
• The Price Index for Propylene Glycol Pharma Grade stood at USD 1484/MT in April 2025, reflecting a sharp decline due to weak international demand and elevated inventories.
• Propylene Glycol spot price losses in April were intensified by sluggish export activity, leaving U.S. suppliers with excess stock and downward price pressure.
• In May 2025, the Price Index decreased slightly to USD 1468/MT, as market momentum slowed after early bulk purchases, despite steady domestic production.
• A muted Propylene Glycol demand outlook persisted in May, with food, pharmaceutical, and cosmetic industries maintaining conservative buying behavior.
• The Propylene Glycol Price Index for June 2025 rose marginally to USD 1473/MT, supported by modest recovery in trading sentiment and steady consumption.
• U.S. Propylene Glycol producers avoided inventory build-up in Q2, maintaining balanced supply to align with moderate demand levels.
• Weak export interest, particularly from India, limited any sharp upside in product price forecast during the quarter.
• The product price forecast for July 2025 suggests stability or minor decline, as seasonal slowdown continues and procurement urgency remains low.
• Adequate inventories and consistent production are likely to keep product spot price fluctuations limited in early Q3.
APAC
• The Price Index for Propylene Glycol in Singapore saw a steady upward trajectory throughout Q2, rising from USD 1073/MT in April to USD 1132/MT in May, and further to USD 1163/MT in June.
• April's price Propylene Glycol rise was driven by steady industrial demand and cautious restocking, with global uncertainties keeping buying momentum moderate. The market reflected balanced activity with slightly firmed offers.
• In May, the Propylene Glycol spot price gained strongly, spurred by inventory replenishment and improved procurement from end-users in food and industrial sectors. The demand uptick outpaced initial forecasts, contributing to an optimistic product demand outlook.
• As June progressed, stronger buying from domestic and regional players lifted prices further. Traders observed improved sentiment, supported by stable upstream supply and active market participation.
• The Propylene Glycol price forecast for July 2025 suggests a likely increase in the Price Index. Continued seasonal restocking, moderate inventory levels, and firm demand from food, pharmaceutical, and personal care sectors are expected to support this rise.
• No major disruptions were observed in raw material supply chains, keeping the propylene glycol production cost trend largely stable through Q2.
• Market players followed just-in-time procurement strategies in June, aligning purchases with near-term needs, thus maintaining transaction volumes despite rising costs.
• Sentiment turned cautiously bullish by the end of June as replacement costs and freight challenges began exerting mild upward pressure.
• Though Propylene Glycol demand improved, inventory pressures in certain segments eased only marginally, keeping market activity moderately paced.
• The Propylene Glycol spot price trajectory, combined with balanced fundamentals, signals continued support for prices in early Q3. However, minor oversupply risks still persist.
Europe
• In April 2025, the Price Index for Propylene Glycol Industrial Grade (FOB Rotterdam) increased by 0.33%, reaching USD 1522/MT, as downstream demand showed mild improvement, supporting a slightly firmer product spot price.
• Modest restocking by industrial buyers and steady production levels kept market sentiment neutral but firm, improving the near-term propylene glycol demand outlook.
• By May 2025, the Price Index surged by 3.02% to USD 1568/MT, driven by higher feedstock costs—especially Propylene Oxide—and strong export interest from neighboring EU countries.
• The rise in May also reflected margin recovery efforts by producers amid rising energy and labor costs, influencing the propylene glycol production cost trend.
• Increased foreign procurement in May encouraged sellers to maintain firm offers, aligning with a bullish product price forecast heading into summer.
• In June 2025, the Price Index remained unchanged at USD 1568/MT (0.00% change), indicating a stable supply–demand balance despite seasonal shifts in consumption.
• Downstream sectors like food, pharma, and construction maintained steady offtake, keeping the product spot price range-bound and supporting pricing stability.
• Cautious restocking behavior by buyers in June showed confidence in fundamentals but hesitance due to broader economic uncertainties.
• Overall, Q2 showed early momentum followed by stabilization, with sellers retaining some pricing control while watching inflationary cost pressures.
• For July 2025, the Price Index is likely to increase due to seasonal restocking, improved downstream consumption, and ongoing upward pressure from logistics and utility costs despite lingering oversupply concerns.
For the Quarter Ending March 2025
North America
In the first quarter of 2025, Propylene Glycol prices in the USA showed a steady upward trend. Prices began increasing in late January, reflecting renewed purchasing activity and a more favorable demand outlook.
This moderate rise continued throughout February and March as market participants adapted to stabilizing economic conditions and strong demand, particularly from the manufacturing and pharmaceutical sectors. While there were no significant spikes in demand, prices gradually increased, driven by consistent consumption patterns and a cautious approach to procurement. Buyers remained measured, adjusting their strategies in response to potential supply fluctuations and cost volatility.
Despite ongoing uncertainties in the broader economy, the market demonstrated a balance between supply and demand, with participants navigating the market with cautious optimism. As the quarter progressed, prices held steady, with no large fluctuations observed. Overall, the market was characterized by steady demand and moderate price increases, as participants continued to manage their purchasing decisions carefully, maintaining a stable market environment throughout Q1.
Asia Pacific
In Q1 2025, Propylene Glycol prices in Singapore saw a steady upward trend, driven by consistent demand from key sectors such as cosmetics, pharmaceuticals, and food and beverages. Throughout the quarter, tight supply conditions and cautious pricing strategies by suppliers supported gradual price increases. In January, the market saw a modest rise, driven by ongoing demand and concerns about supply imbalances. By February, prices continued to climb as market conditions remained stable, with demand holding firm and suppliers focusing on inventory management. In March, despite a slight easing in manufacturing activity, demand from end-user industries like pharmaceuticals and personal care helped maintain the upward momentum. Additionally, price adjustments from major suppliers added some pressure, though global trade uncertainties and geopolitical risks kept market participants cautious. Despite these challenges, steady demand across key industries ensured that prices continued to rise, with market players focused on managing supply levels to meet demand. Overall, Q1 2025 witnessed a relatively stable market with consistent price growth amidst ongoing demand stability.
Europe
In Q1 2025, Propylene Glycol prices in the Netherlands experienced a steady upward trajectory, fueled by a mix of optimistic market sentiment and strong international demand. Early in the quarter, favorable shifts in supply chain dynamics and improving industrial activity supported price increases, as market participants anticipated further growth. The rising cost of energy and inflationary pressures also contributed to higher production expenses, which were passed on to consumers, further driving prices up. Throughout February, demand remained stable across key sectors, including pharmaceuticals, cosmetics, and industrial applications, which sustained price momentum. Market participants focused on replenishing inventories, anticipating future demand, which added additional pressure on prices. In March, a more cautious approach by buyers, coupled with a price increase from a major supplier, led to a slight moderation in the rate of growth. However, steady demand from various industries ensured that prices remained firm. Overall, Q1 2025 saw a combination of cautious optimism and solid demand, allowing Propylene Glycol prices to rise steadily despite minor fluctuations in market activity.
