In May, the price of glycerol rose due to multiple favorable factors such as Indonesia's imposition of export tariffs on crude glycerol and the rise in the price of epichlorohydrin. Looking forward to June, cost support and demand changes coexist, and it is expected that the price of glycerol will be strong first and then weak.

On May 14th, the news that "Indonesia imposed a 7.5% tariff on crude palm oil for crude glycerol export" is confirmed, and it was implemented on May 17th. The foreign and domestic glycerol manufacturers' price sentiment increased, and the external prices of crude glycerol and refined glycerol rose, which strengthened the cost support for China refined glycerol and made the manufacturers reluctant to sell it, which made the price of glycerol rise. In addition, the price of epichlorohydrin in the downstream has increased, which strengthes the forcast of the rise of the price of glycerol market and further boosts the price of glycerol.

From the perspective of cost and supply, Indonesia imposed export tariffs on crude glycerol, and the price of crude glycerol rose, which still supported the glycerol market in June. The low availability of overseas refined glycerin flexibags, the relatively tight market supply, both favors the rise of price of refined glycerin. From the demand side, a new plant was put into operation in the epichlorohydrin industry in June, which may be favoravle for the price of glycerol for now, but the epichlorohydrin plant with glycerol method continued to lose money, and the overall demand of the industry in June was flat. Overall, the price in June may be boosted by the cost and demand, the price may be strong in the first half of June, the foreign expectation of the market is not optimistic in the second half June, the downstream demand is weak, therefore the price may decline.