Glycerine Prices, markets & analysis
With a network of price reporters across Asia, Europe and the US, ICIS is fully equipped to keep you updated on everything that happens in the global Glycerine market, whether you buy or sell Glycerine or related products.
From daily and weekly reports containing price assessments obtained by our network of local reporters, to the news and analysis that put the market into focus, we provide the tools you need to make confident business decisions.
Our editor gives their expert view
Glycerine overview Transcript
Glycerine is a coproduct of the manufacture of fatty acids and fatty alcohols and also the trans-esterification process of biodiesel. These processes can involve either tallow or fats, which means that the upstream markets for glycerine are just those markets, they’ll be the fats, the oils, and including the biodiesel market where we watch the multi-feed-stock producers.
It’s part of the oleochemicals family that includes fatty acids and fatty alcohols, not biodiesel, that’s not an oleochemical. But it is crude glycerine that is of increasing importance in market in the US and that stems from the biodiesel production.
The uses for glycerine can be food uses, they can be construction uses or they can be agricultural uses. It is a ubiquitous product with over 1,000 end-uses in the markets. It is, in fact, a green product, it is not made through anything using petrochemicals and therefore is increasingly sought after for companies that want to green their profile as the bio-revolution continues in the US.
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Glycerine news and market information products from ICIS
We offer the following regional Glycerine analysis and news coverage to keep you informed of factors and developments affecting prices in the Glycerine marketplace.
Price Reporting – More information about the price reports we publish on Glycerine
Independent price assessments and market coverage by region
Price History – More information about the historical price data we publish on Glycerine
Track historical price data
News & analysis
News & Analysis - News & market analysis specifically relating to Glycerine
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Glycerine: Market overview
Updated to Q2 2015
The glycerine market in Asia for Q2 hinges on supply directions alongside the crude oil market, as overall demand is expected to be stable. The supply level is expected to remain low in the first half of Q2 amid overall reduced operating rates as a result of poor margins. Despite talk of Indonesian government support for its biodiesel sector, uncertainties loomed over unresolved issues.
In Europe, lower upstream biodiesel production during Q1 and consequent tight supply of crude glycerine is expected to impact European glycerine prices in Q2, both on a spot and contract basis. Producers say they have little product to offer on a contractual basis in Q2, with some holding on to volumes in order to take advantage of firm pricing on the spot market.
The US market has been described as in disarray as some producers pushed through slight increases, while others had to cut prices to maintain market share. Imported volumes, although still present, have tapered off slightly and could see further reductions in Q2 and Q3. Product originating from Argentina disappeared from the market at the end of 2014 and it will likely not restart biodiesel production until crude oil prices see some improvement.
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Glycerine news & analysis
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Glycerine is mainly produced as a by-product in soap and oleochemical manufacture, using natural fats and oils as raw materials, or as a by-product of biodiesel production from the transesterification of vegetable oils into methyl esters. Glycerine can also be manufactured synthetically to give a product free of smell or taste.
A major outlet for glycerine is personal and oral care products such as skincare creams, toothpastes and mouth washes. It is used in food products either as glycerine directly or one of its derivatives such as glycerol mono-stearate.
Other uses include tobacco humectant, polyether polyols in polyurethane manufacture, pharmaceuticals, alkyd resins, explosives, plasticisers and lubricants. A growing application is the production of epichlorohydrin (ECH) and propylene glycol (PG).