For the Quarter Ending December 2025
Polyglycerol Ester (PGE) Prices in APAC
- In China, the Polyglycerol Ester (PGE) Price Index fell quarter-over-quarter in Q4 2025, influenced by weak consumer demand and declining producer prices, with recent the assessment settling at USD 3150/MT in Asia.
- Polyglycerol Ester (PGE) production costs faced upward pressure in October 2025 as glycerol prices experienced a strong rise.
- Polyglycerol Ester (PGE) demand was dampened in Q4 2025, with retail sales growing only 0.9% in December 2025.
- China's industrial production increased by 5.2% in December 2025, supporting Polyglycerol Ester (PGE) demand in industrial applications.
- The Manufacturing Index expanded in December 2025, indicating accelerating production activities for Polyglycerol Ester (PGE) end-use sectors.
- Polyglycerol Ester (PGE) pricing power faced pressure in December 2025 due to a -1.9% decline in the Producer Price Index.
- Weak consumer confidence, reflected by a 0.8% CPI and 5.1% unemployment rate in December 2025, impacted Polyglycerol Ester (PGE) demand.
- Polyglycerol Ester (PGE) exports from China achieved robust growth in December 2025, driven by market diversification to ASEAN and EU.
Why did the price of Polyglycerol Ester (PGE) change in December 2025 in APAC?
- Polyglycerol Ester (PGE) prices faced downward pressure from a -1.9% Producer Price Index in December 2025.
- Weak consumer demand, with retail sales growing 0.9% in December 2025, dampened Polyglycerol Ester (PGE) consumption.
- Rising glycerol costs in October 2025 provided upward pressure on Polyglycerol Ester (PGE) production expenses.
Polyglycerol Ester (PGE) Prices in North America
- In United States, the Polyglycerol Ester (PGE) Price Index rose quarter-over-quarter in Q4 2025, driven by robust consumer spending and elevated production costs.
- PGE production costs increased in Q4 2025, influenced by a 2.7% CPI rise in December 2025 and firm fatty acid feedstock prices.
- PGE demand outlook remained strong in Q4 2025, supported by a 2.0% industrial production increase in December 2025.
- Retail sales increased 3.3% in November 2025, and consumer confidence was 89.1 in December 2025, bolstering PGE demand.
- Producer Price Index (PPI) rose 3.0% year-over-year in November 2025, indicating higher input costs for PGE manufacturers.
- Glycerol raw material costs remained elevated in Q4 2025, particularly for synthetic variants, impacting PGE production.
- U.S. biodiesel production, a key glycerol source, was lower in 2025, constraining PGE feedstock availability.
- New U.S. tariffs implemented in December 2025 disrupted fatty acid supply chains, shifting focus to domestic production.
Why did the price of Polyglycerol Ester (PGE) change in December 2025 in North America?
- Elevated production costs, including a 2.7% CPI rise in December 2025, pressured PGE prices upward.
- Robust consumer spending, with retail sales up 3.3% in November 2025, boosted demand for PGE-containing products.
- Constrained fatty acid availability in Q4 2025 and lower U.S. biodiesel production in 2025 tightened supply.
Polyglycerol Ester (PGE) Prices in Europe
- In Germany, the Polyglycerol Ester (PGE) Price Index fell in Q4 2025, influenced by contracting manufacturing activity in December 2025.
- PGE production costs faced upward pressure from surging glycerol feedstock costs in October 2025, despite plummeting electricity prices in December 2025.
- Overall demand for PGE remained weak in October 2025, reflecting a contracting Manufacturing Index in December 2025.
- Consumer confidence significantly declined to -17.5 in December 2025, dampening demand for consumer goods utilizing PGE.
- Industrial production showed modest growth of 0.8% in October 2025, offering some stability for industrial applications.
- Retail sales increased by 1.1% in November 2025, providing support for PGE demand in food and cosmetic sectors.
- Competitive pressure from abroad intensified for Germany's chemical industry in October 2025, impacting PGE market dynamics.
- The Producer Price Index (PPI) declined by 2.5% year-over-year in December 2025, indicating broader industrial price reductions.
Why did the price of Polyglycerol Ester (PGE) change in December 2025 in Europe?
- The Producer Price Index declined by 2.5% in December 2025, reflecting lower industrial product prices.
- Contracting manufacturing activity in December 2025 reduced demand for chemical inputs like PGE.
- Intensified competitive pressure from abroad in October 2025 contributed to downward price trends.
For the Quarter Ending September 2025
North America
- In the United States, the Polyglycerol Ester (PGE) Price Index rose quarter-over-quarter in Q3 2025, driven by increased production costs.
- PGE production costs increased due to sharply rising palm oil feedstock and a 2.6% year-over-year PPI increase in August 2025.
- PGE demand outlook was mixed; strong retail sales (5.42% year-over-year in September 2025) contrasted with declining consumer confidence.
- Industrial production's marginal 0.1% year-over-year increase in September 2025 indicated sluggish industrial demand for PGEs.
- Personal care and food and beverage sectors exhibited expanding and strengthening demand for PGEs in Q3 2025.
- Refined glycerine supply tightened in Q3 2025, partly due to reduced crude glycerol availability and US import reliance.
- Fatty acid prices softened then modestly increased in September 2025, with industry inventories tightening due to restocking.
- The 3.0% year-over-year CPI increase in September 2025 indicated ongoing consumer-level inflation, impacting purchasing power.
Why did the price of Polyglycerol Ester (PGE) change in September 2025 in North America?
- Rising palm oil feedstock and 2.6% year-over-year PPI in August 2025 elevated production costs.
- Strong retail sales (5.42% year-over-year in September 2025) supported demand, offsetting confidence decline.
- Tightened refined glycerine supply and shifting trade flows influenced Q3 2025 market dynamics.
APAC
- In China, the Polyglycerol Ester (PGE) Price Index rose quarter-over-quarter, driven by strong glycerol import price increases.
- PGE production costs faced upward pressure from strongly rising glycerol import prices leading up to October 2025.
- Fatty acid production costs eased in July and August 2025, with a modest price index increase in September.
- PGE demand outlook is mixed, with industrial production increasing 6.5% year-on-year in September 2025.
- Retail sales increased 3.0% year-on-year in September 2025, supporting consumer goods sectors.
- The Manufacturing Index contracted in September 2025, indicating weaker overall industrial activity.
- Deflationary pressures (CPI -0.3%, PPI -2.3%) and low consumer confidence (89.6) in September 2025 dampened demand.
- Strengthening demand for food additives and cosmetics retail growth supported PGE consumption in Q3 2025.
- Ample soybean oil inventory and seasonal fatty acid restocking influenced feedstock availability.
Why did the price of Polyglycerol Ester (PGE) change in September 2025 in APAC?
- Strongly rising glycerol import prices increased Polyglycerol Ester (PGE) production costs in Q3 2025.
- Industrial production expanded 6.5% in September 2025, supporting downstream PGE demand.
- The Manufacturing Index contracted in September 2025, signaling weaker industrial activity.
Europe
- In Germany, the Polyglycerol Ester (PGE) Price Index remained stable in Q3 2025, influenced by mixed macroeconomic signals.
- PGE production costs benefited from a 1.7% YoY decrease in producer prices in September 2025, driven by lower energy.
- CPI rose 2.4% YoY in September 2025, indicating increased operational costs and consumer demand pressure.
- Consumer-facing PGE demand was supported by a 0.2% YoY rise in retail sales in September 2025.
- Industrial demand for PGE weakened as Germany's Manufacturing Index contracted throughout Q3 2025.
- Overall industrial production declined 1.0% YoY in September 2025, reducing demand for industrial PGE.
- High-purity refined glycerol demand grew in Q3 2025, supporting PGE production despite tight regional supply.
- German cosmetics market showed robust growth in 2025, driven by consumer awareness and beauty trends.
- PGE price forecast suggests stability, balancing glycerol cost pressures with recent lower energy expenses.
Why did the price of Polyglycerol Ester (PGE) change in September 2025 in Europe?
- Producer prices fell 1.7% YoY in September 2025, reducing PGE costs from lower energy.
- Industrial production declined 1.0% YoY in September 2025, dampening PGE industrial demand.
- Retail sales rose 0.2% YoY in September 2025, supporting consumer PGE demand.
