For the Quarter Ending March 2026
Propylene Glycol Prices in North America
- In USA, the Propylene Glycol Price Index rose by 3.32% quarter-over-quarter, reflecting firmer feedstock-driven costs.
- The average Propylene Glycol price for the quarter was USD 1141.67/MT on FOB Los Angeles.
- Propylene Glycol Spot Price remained range-bound as comfortable inventories and steady exports limited near-term volatility.
- Propylene Glycol Production Cost Trend showed upward pressure from Propylene Oxide cost increases, partially absorbed.
- Propylene Glycol Demand Outlook remains balanced with de-icing, resin and data-center demand supporting steady offtake.
- Propylene Glycol Price Forecast indicates modest near-term firmness as March feedstock outages tightened prompt supply.
- Propylene Glycol Price Index reflected stronger export demand and terminal inventory draws tightening market balance.
- Integrated Gulf Coast plants ran at steady rates while rail and port logistics sustained shipments.
Why did the price of Propylene Glycol change in March 2026 in North America?
- Feedstock outages at US propylene oxide and PDH units in March reduced prompt supply sharply.
- Middle East export restrictions and diverted Asian cargoes limited imports; anti-dumping measures reduced Chinese inflows.
- Seasonal de-icing, HVAC and data-centre demand plus steady export enquiries absorbed available volumes, supporting prices.
Propylene Glycol Prices in APAC
- In Japan, the Propylene Glycol Price Index rose by 4.13% quarter-over-quarter, reflecting tighter feedstock stocks.
- The average Propylene Glycol price for the quarter was approximately USD 2082.67/MT, reflecting weighted trade.
- Propylene Glycol Spot Price firmed late March as semiconductor and battery inquiries tightened prompt availability.
- Propylene Glycol Price Forecast signals modest upward bias while inventory buffers and imports moderate volatility.
- Propylene Glycol Production Cost Trend eased marginally as LNG and propylene oxide spreads narrowed seasonally.
- Propylene Glycol Demand Outlook remains balanced with automotive coolant restocking offsetting weaker general industrial offtake.
- Propylene Glycol Price Index movements reflected RCEP imports and domestic utility cost spreads influencing offers.
- Port inventories and logistics limited upside; major domestic plants maintained stable operating rates without outages.
Why did the price of Propylene Glycol change in March 2026 in APAC?
- Reduced import volumes in March tightened prompt balance, prompting higher landed import offers for delivery.
- Rising Propylene Oxide costs combined with seasonal LNG-indexed utility tariffs elevated domestic production cost pressures.
- Stronger semiconductor and battery sector demand drew prompt inventories lower, supporting buying and price resilience.
Propylene Glycol Prices in Europe
- In France, the Propylene Glycol Price Index rose by 8.49% quarter-over-quarter, prompted by disrupted import flows.
- The average Propylene Glycol price for the quarter was approximately USD 1592.33/MT reflecting balanced winter demand.
- Propylene Glycol Spot Price jumped in March as rerouting and surcharges tightened availability at Le Havre.
- The Propylene Glycol Price Forecast expects firmness, moderating as shipping normalises and buyers complete winter coverage.
- Propylene Glycol Production Cost Trend rose as insurance and freight surcharges plus energy-linked feedstock costs increased.
- Propylene Glycol Demand Outlook remains supportive from de-icing, pharmaceuticals and construction, substitution risk could cap upside.
- The Propylene Glycol Price Index tightened as inventories fell and export flows experienced extended lead times.
- Regional producers ran near planned rates, yet maritime route disruptions and container delays elevated supply risk.
Why did the price of Propylene Glycol change in March 2026 in Europe?
- Strait of Hormuz rerouting lengthened shipments, reducing prompt imports and tightening immediate availability into France.
- Elevated freight, insurance and emergency surcharges raised landed costs, prompting accelerated buying and price pressure.
- Winter demand from de-icing, pharmaceuticals and construction absorbed volumes, supporting firm pricing despite upstream stability.
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.
