Glycerine Price Trend Q3 2026 | Global Price Trends, Forecast, Chart, Prices and Index Analysis

Author : price watch | Published On : 05 Nov 2026

The Glycerine Price Trend in Q3 2026 showed a clear downward movement across major global markets. After experiencing price increases in the previous quarter, the glycerine market moved into a softer phase as higher biodiesel production increased the availability of crude glycerine. Although demand from personal care, pharmaceutical, food, and industrial sectors remained relatively steady, growing supply and cautious purchasing activity created pressure on market prices.

One of the main reasons behind this decline was the increase in crude oil prices during Q2 2026, partly driven by geopolitical tensions and war-related concerns. Higher crude oil prices supported biodiesel production and contributed to an increase in palm oil prices. As biodiesel producers increased their output, more crude glycerine became available as a by-product. This additional supply affected the overall market balance and pushed prices lower during Q3.

Among the monitored markets, Spain and the Netherlands experienced the sharpest quarterly declines, with prices falling by nearly 18%. China followed with a decline of around 14%, while India and Malaysia recorded decreases of approximately 9% to 10%. Brazil and Indonesia experienced comparatively smaller reductions of around 5%.

Overall, the Glycerine Prices market remained under pressure throughout the quarter, with September bringing further declines across all monitored regions.

Global Glycerine Price Trend in Q3 2026

The global glycerine market experienced a noticeable change in direction during Q3 2026. The previous quarter had supported higher prices because of rising crude oil costs and stronger biodiesel economics. However, the situation changed when increased biodiesel production started generating additional crude glycerine supplies.

Glycerine is widely used in personal care products, medicines, food processing, cosmetics, and several industrial applications. Because of its broad range of uses, market prices are influenced by both industrial demand and the availability of raw materials.

 

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During Q3 2026, supply became the main factor affecting market direction. Buyers had sufficient material available and were not in a hurry to place large orders. Many traders preferred to purchase according to immediate requirements rather than build additional inventories.

This cautious approach created competition among sellers. Producers and exporters adjusted their offers to attract buyers and maintain regular sales.

The quarterly price movements were as follows:

The figures highlight how strongly regional supply conditions and international trade flows influenced the market.

Malaysia Glycerine Price Trend: Crude Glycerine Prices Decline by 9%

The Glycerine Price Trend in Malaysia remained negative during Q3 2026, with crude glycerine prices falling by around 9% on a quarterly basis.

Malaysia is an important participant in the palm oil and oleochemical industries. Therefore, changes in palm oil markets and biodiesel production can have a direct influence on glycerine availability.

During the previous quarter, higher crude oil prices supported stronger palm oil values and encouraged increased biodiesel production. This resulted in additional crude glycerine supplies, creating downward pressure on export prices.

FOB Port Klang export valuations gradually declined as sellers faced comfortable supply conditions. Buyers were also careful with their purchasing decisions because they expected prices could remain weak.

In September 2026, Malaysian glycerine prices declined by approximately 4%. Sellers offered discounts to move available cargoes, while demand from personal care and oleochemical buyers remained relatively steady.

The market therefore experienced a situation where demand continued, but available supply was sufficient to prevent any meaningful price recovery.

Indonesia Glycerine Price Trend: Refined Prices Show Relative Stability

Indonesia recorded a comparatively moderate decline in its Glycerine Prices during Q3 2026. Refined glycerine prices fell by around 5%, making Indonesia one of the relatively stable markets in the monitored regions.

Higher biodiesel production increased crude glycerine availability following the previous quarter's rise in crude oil prices. However, refined glycerine maintained better price strength compared with crude grades.

The refined glycerine market, particularly the 99.5% USP grade, continued to receive support from pharmaceutical and personal care applications. These industries require consistent product quality, which helped maintain a relatively stable demand base.

Despite this support, export demand remained somewhat soft. Buyers were cautious about placing larger orders, and producers generally maintained offers close to previous levels.

In September 2026, Indonesian glycerine prices declined by approximately 1.4%. This was a relatively small monthly reduction compared with other monitored markets.

Overall, Indonesia's market remained under mild pressure, but steady demand from pharmaceutical and personal care buyers helped limit the extent of the decline.

China Glycerine Price Trend: Prices Fall by Around 14%

China experienced one of the sharpest declines in the global glycerine market during Q3 2026. Refined glycerine prices fell by approximately 14%, making it the steepest quarterly decline in Asia.

The main reason was the increase in biodiesel-related glycerine supply following higher production activity during the previous quarter.

However, supply was not the only factor affecting the Chinese market. Weak demand from the epoxy resin industry and softer downstream epichlorohydrin prices also reduced purchasing interest.

These developments affected the demand for refined glycerine and created additional pressure on domestic prices.

Ex-Tianjin market valuations declined throughout the quarter as buyers remained cautious and available stocks increased.

September was particularly weak for the Chinese market. Prices declined by approximately 8%, representing the largest monthly reduction among all monitored countries.

Many buyers preferred to delay purchases rather than commit to large volumes during a declining market. This increased competition among sellers and made it difficult for prices to recover.

The Chinese market therefore remained an important source of downward pressure on regional glycerine prices during Q3 2026.

India Glycerine Price Trend: Refined Glycerine Prices Decline by 10%

The Glycerine Price Trend in India remained weak during Q3 2026, with refined glycerine prices declining by approximately 10%.

India's market was influenced by higher glycerine availability across Asia and weaker price levels in China. Lower international prices reduced import parity and encouraged domestic sellers to adjust their offers.

At the same time, ample imports and comfortable stock availability limited the possibility of a price recovery.

Ex-Bhiwandi prices moved downward throughout the quarter as traders remained cautious about future market conditions. Buyers were not in a hurry to purchase large quantities because they expected further price corrections.

In September 2026, Indian glycerine prices declined by approximately 6%. Traders reduced their offers to clear available inventories, while buyers continued to purchase mainly according to immediate requirements.

Despite the decline, demand from pharmaceutical and personal care industries remained relatively steady.

The Indian market demonstrated how international price movements can influence domestic trading conditions, particularly when imports are available at more competitive rates.

Brazil Glycerine Price Trend: Market Declines by Around 5%

Brazil recorded a relatively moderate decline in crude glycerine prices during Q3 2026, with prices falling by approximately 5%.

Higher biodiesel production after the previous quarter's crude oil price increase contributed to greater crude glycerine availability.

However, export demand from important international markets, particularly Asia and Europe, remained weak. This reduced the ability of Brazilian sellers to maintain stronger export offers.

FOB Santos prices gradually declined as buyers adopted a cautious approach to procurement.

In September 2026, Brazilian glycerine prices decreased by only around 1%. This was the mildest monthly decline among the monitored markets.

The smaller reduction indicated that the market was beginning to stabilise compared with other regions.

Sellers became more careful about reducing their offers, while buyers continued to select purchases based on their immediate requirements and price expectations.

Although the market remained under pressure, Brazil showed comparatively better short-term stability toward the end of the quarter.

Spain Glycerine Price Trend: Sharpest Quarterly Decline of Nearly 18%

Spain experienced the largest quarterly decline in glycerine prices during Q3 2026, with crude glycerine prices falling by nearly 18%.

The European market faced significant supply pressure as biodiesel production improved following the rise in crude oil prices during the previous quarter.

Increased biodiesel output resulted in additional crude glycerine availability. At the same time, buyers moved away from the earlier panic buying seen during the previous period.

This change in purchasing behaviour reduced market support and increased competition among exporters.

FOB Algeciras prices declined sharply throughout Q3 as sellers adjusted their offers to attract buyers.

In September 2026, Spanish glycerine prices declined by approximately 6%. Comfortable stock availability and weak buying interest continued to influence the market.

Exporters were more willing to offer competitive prices to secure orders, while buyers remained selective about their purchasing volumes.

Spain's market performance clearly demonstrated how a combination of increased production and cautious demand can create substantial downward pressure on commodity prices.

Netherlands Glycerine Price Trend: Import Prices Drop Nearly 18%

The Netherlands also experienced a significant decline in glycerine prices during Q3 2026, with import prices falling by nearly 18%.

The main reason was the reduction in Spanish export prices, which directly affected import valuations in the Netherlands.

Lower freight charges on the Spain-to-Netherlands trade route added further downward pressure to CIF Rotterdam prices.

In addition, improved biodiesel production across Europe increased regional glycerine availability. This gave buyers more purchasing options and reduced the urgency to secure additional material.

During September 2026, Dutch glycerine prices declined by approximately 5.5%.

Importers remained cautious and preferred to purchase smaller quantities rather than build large inventories. Lower Spanish offers also continued to influence the overall pricing situation.

Demand from industrial and personal care buyers remained relatively muted, preventing any meaningful improvement in market sentiment.

The Netherlands therefore followed a similar downward trend to Spain, reflecting the close relationship between European export and import markets.

Glycerine Price Chart: Understanding the Q3 2026 Market Movement

The Glycerine Price Chart for Q3 2026 showed a consistent downward movement across all monitored countries.

The chart reflected the changing balance between supply and demand after the stronger price environment of Q2 2026.

Glycerine Price Trend – Q3 2026

Approximate quarterly price changes across monitored markets. Negative values indicate price declines.

Several important observations can be drawn from this price movement:

• European markets experienced the largest declines because of increased regional supply and weaker buying interest.

• China recorded the sharpest decline in Asia because of ample stocks and weaker downstream demand.

• India and Malaysia faced pressure from higher availability and cautious purchasing.

• Brazil and Indonesia showed comparatively smaller declines.

• September prices continued to fall across every monitored market, indicating that the market had not yet fully stabilised.

The overall price movement suggests that supply availability was more influential than steady end-user demand during the quarter.

Glycerine Price Index: What Influenced the Market?

The Glycerine Price Index remained under pressure throughout Q3 2026.

A price index helps market participants understand the general direction of commodity prices across different regions and trading locations.

During this quarter, several factors influenced the index:

1. Higher biodiesel production

Increased biodiesel production generated additional crude glycerine as a by-product. This increased market availability and placed pressure on crude glycerine prices.

2. Changes in crude oil prices

The previous quarter's rise in crude oil prices supported biodiesel economics and contributed to increased production activity. The resulting additional glycerine supply became visible in Q3.

3. Palm oil market movements

Higher palm oil prices supported greater biodiesel production in important producing regions, especially in Southeast Asia.

4. Weak downstream demand

In China, softer demand from epoxy resin and epichlorohydrin-related industries reduced refined glycerine purchasing interest.

5. Cautious buyer behaviour

Many buyers preferred to purchase according to immediate requirements rather than maintain large inventories. This limited the ability of sellers to increase prices.

6. International trade and freight costs

Lower Spanish export prices and reduced freight charges contributed to the sharp decline in Netherlands import prices.

Together, these factors created a negative environment for the global glycerine market during Q3 2026.

Glycerine Price Forecast: What Can the Market Expect Ahead?

The Glycerine Price Forecast will largely depend on how supply and demand develop after the declines recorded in Q3 2026.

If biodiesel production remains strong, crude glycerine availability could continue to influence the market. Comfortable supply conditions may limit the possibility of a quick price recovery.

However, several factors could improve market sentiment.

• Biodiesel production: Any reduction in biodiesel output could limit additional crude glycerine supply.

• Palm oil prices: Changes in palm oil prices may influence biodiesel production economics and indirectly affect glycerine availability.

• Industrial demand: Stronger demand from pharmaceutical, personal care, food, and industrial buyers could support market prices.

• Chinese market recovery: Improved demand from downstream industries in China could help stabilise refined glycerine prices across Asia.

• European inventory levels: Lower inventories and improved buying activity could provide support to Spanish and Dutch markets.

• International trade: Changes in export demand, freight costs, and regional price differences could influence trade flows.

In the near term, the market may continue to face pressure if supply remains comfortable and buyers maintain cautious purchasing strategies.

However, the relatively mild monthly declines in Brazil and Indonesia suggest that some markets may find stability earlier than others.

A sustained recovery will likely require a better balance between production and actual consumption rather than simply a temporary improvement in buying interest.

 

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About Price Watch™

Price Watch™ is an India-based, independent raw material price reporting agency that provides real-time price forecasts and data-driven insights into global raw material markets. Price Watch™ specializes in tracking raw material prices, analyzing market trends, and delivering timely updates on plant shutdowns, supply disruptions, capacity expansions, and demand-supply dynamics. 

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