Glycerine, a cornerstone of the global chemical supply chain, have experienced renewed price volatility in June ****, underscoring its critical role in industries ranging from pharmaceuticals and cosmetics to food processing and biodiesel.
In Indonesia, the world’s leading exporter, glycerine prices displayed a mixed but generally firm trend in June. Crude Glycerine *** FOB Tanjung Priok averaged USD ***/MT, down slightly from May, while Refined Glycerine USP **.** FOB Jawa Barat rose to USD ***/MT from the previous month. The refined segment’s price increase reflects sustained domestic and export demand, especially from pharmaceuticals and cosmetics, amid persistent supply constraints and refining bottlenecks. Ongoing expansion of Indonesia’s biodiesel program has boosted crude glycerol output, but limited refining capacity kept refined glycerine supplies tight. Port congestion at Tanjung Priok and currency volatility—particularly a weaker Rupiah in the first half of the month—drove up freight and...
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