Our independent weekly Glycerine reports cover different regions and grades. In Asia, the price assessments are based on spot refined and crude 80% grades, while Europe looks at contract and spot for tallow and vegetable, and crude 80% for spot. Our Latin America report covers spot markets for refined and crude grades, while the US looks at contract and spot for vegetable and tallow, pharmaceutical grade for contract, and crude for spot.
The in-depth global pricing information, supported by high-value news and analysis, allows you to keep abreast of the factors driving the market and make informed business choices.
Updated to Q3 2017
Refined glycerine prices in the third quarter are expected to be sharply higher as Chinese demand has pulled down supply out of southeast Asia and the US biodiesel sector has just started to ramp up production. Kosher crude glycerine supply is very low and limited availability for spot volumes. Prospects are looking much better for US glycerine in 2017.
Spot European glycerine prices have been rocketing amid tight market supply in recent months but it is unclear whether they will continue to do so amid the approaching summer holiday season. Some sources believe that the holiday season will bring quieter levels of demand which will lend relief to tight market conditions and an element of price stabilisation. However, others cite bouts of scheduled maintenance at some plants as drivers for continuing tight supply.
Asia’s glycerine prices will be well-supported going forward with supply expected to remain short at least for the next two months. The short supply situation may ease once Indonesian biodiesel producers ramp up production for the national mandate, but it may take some time before more glycerine cargoes hit the market.
We offer the following regional Glycerine analysis and news coverage to keep you informed of factors and developments affecting prices in the Glycerine marketplace.
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Glycerine has more than 1,500 end-uses. Pharmaceuticals, toothpaste, and cosmetics account for around 28%; tobacco 15%; foods 13 %; and polyether polyols for urethanes 11%.
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).
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