White Oil Prices

White Oil Price Trend, Index and Forecast

Track the latest insights on white oil price trend and forecast with detailed analysis of regional fluctuations and market dynamics across North America, Latin America, Central Europe, Western Europe, Eastern Europe, Middle East, North Africa, West Africa, Central and Southern Africa, Central Asia, Southeast Asia, South Asia, East Asia, and Oceania.

White Oil Prices Outlook Q1 2026

• USA: USD 1225/MT
• China: USD 924/MT
• Spain: USD 1183/MT
• Thailand: USD 1107/MT
• Brazil: USD 1253/MT

White Oil Price Chart

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During the first quarter of 2026, the white oil prices in the USA reached 1225 USD/MT in March. Prices moved upward as demand from cosmetics, pharmaceuticals, polymers, and food grade lubricant applications improved. Refiners faced firm feedstock costs, with mineral oil base stock availability staying balanced but not excessive. Buyers increased procurement to secure material before further cost revisions, while suppliers maintained firmer offers due to steady downstream consumption.

During the first quarter of 2026, the white oil prices in China reached 924 USD/MT in March. Prices increased as downstream consumption improved across plastics, cosmetics, and rubber processing industries. Domestic refiners adjusted offers upward due to stronger base oil values and improved buying interest after earlier cautious procurement. Export activity remained supportive, especially from regional buyers seeking competitively priced Asian material.

During the first quarter of 2026, the white oil prices in Spain reached 1183 USD/MT in March. The market recorded an upward trend due to steady demand from cosmetics, personal care, and pharmaceutical manufacturers. European refiners faced firmer operating costs, while import offers also remained elevated because of freight and feedstock related pressure. Buyers restocked gradually as downstream production schedules improved. Supply availability was stable, but sellers maintained stronger price positions due to healthy inquiries from the industrial lubricant and polymer sectors.

During the first quarter of 2026, the white oil prices in Thailand reached 1107 USD/MT in March. Prices rose as demand from packaging, plastics, personal care, and pharmaceutical applications strengthened. Regional suppliers adjusted quotations upward due to higher feedstock costs and better export interest from Southeast Asian markets. Domestic consumption improved as converters and formulators resumed regular procurement. Supply remained steady, yet producers avoided lowering offers because replacement costs were firmer.

During the first quarter of 2026, the white oil prices in Brazil reached 1253 USD/MT in March. Prices increased due to firmer import costs, steady demand from cosmetics, pharmaceuticals, and food processing applications, and stable industrial lubricant consumption. Buyers showed stronger restocking interest as local availability remained dependent on imported material. Freight conditions and currency related import pressure supported higher landed costs. Suppliers maintained firm offers as downstream demand improved across consumer and industrial sectors.

White Oil Prices Outlook Q4 2025

• USA: USD 1210/MT
• China: USD 893/MT
• Spain: USD 1159/MT
• Thailand: USD 1091/MT
• Brazil: USD 1223/MT

During the fourth quarter of 2025, the white oil prices in the USA reached 1210 USD/MT in December. The market reflected a softer trend compared to the previous quarter, influenced by easing feedstock crude benchmarks and stable refinery operating rates. Domestic demand from the pharmaceuticals and personal care segments remained steady but lacked aggressive restocking activity. Improved supply availability from regional refiners and moderate import arrivals kept inventories balanced. Logistics conditions normalized toward the end of the quarter, reducing earlier freight-related pressures.

During the fourth quarter of 2025, the white oil prices in China reached 893 USD/MT in December. Prices trended lower as domestic production levels remained comfortable and feedstock costs softened. Downstream consumption from cosmetics and polymer processing sectors was moderate, with manufacturers purchasing based on immediate requirements. Export inquiries from Southeast Asia slowed, while domestic inventories remained sufficient to meet demand.

During the fourth quarter of 2025, the white oil prices in Spain reached 1159 USD/MT in December. The market observed mild downward corrections due to stable refinery throughput and moderated feedstock values. Demand from pharmaceutical and food-grade applications remained consistent but did not exhibit strong expansion. Import flows from neighboring European producers ensured comfortable availability. Buyers engaged in disciplined inventory management, reducing speculative purchases.

During the fourth quarter of 2025, the white oil prices in Thailand reached 1091 USD/MT in December. The market experienced slight declines as regional supply chains operated smoothly and feedstock costs weakened. Demand from the cosmetics, healthcare, and plastic processing industries remained stable but without significant acceleration. Import competition from China and other Asian suppliers intensified, placing pressure on domestic sellers. Refinery utilization rates were steady, ensuring sufficient product availability.

During the fourth quarter of 2025, the white oil prices in Brazil reached 1223 USD/MT in December. Prices eased slightly amid stable domestic production and improved import availability. Downstream demand from pharmaceuticals and cosmetics maintained steady offtake, but purchasing volumes were aligned with routine requirements. Currency stability and manageable freight costs contributed to predictable import pricing structures.

White Oil Prices Outlook Q3 2025

• USA: USD 1250/MT
• China: USD 935/MT
• Spain: USD 1187/MT
• Thailand: USD 1116/MT
• Brazil: USD 1238/MT

During the third quarter of 2025, the white oil prices in the USA reached 1250 USD/MT in September. Prices moved lower as downstream consumption from personal care formulators, plastics processors, and lubricant blenders eased. Refinery-linked supply remained consistent, and stable inland transport enabled smooth distribution, allowing buyers to maintain disciplined procurement.

During the third quarter of 2025, the white oil prices in China reached 935 USD/MT in September. The market weakened as manufacturers across cosmetics, rubber goods, and pharmaceutical sectors moderated intake. Adequate base oil supply supported production stability, and organized port operations helped maintain predictable inflows, resulting in subdued buying across industrial clusters.

During the third quarter of 2025, the white oil prices in Spain reached 1187 USD/MT in September. Values declined as demand from packaging, medical-grade processing, and personal care industries softened. Supply chains benefitted from steady inflows at coastal terminals, and distributors managed inventories prudently to match slower downstream requirements.

During the third quarter of 2025, the white oil prices in Thailand reached 1116 USD/MT in September. Prices trended lower as industrial buyers reduced procurement in line with moderated consumption in plastics and food-processing auxiliaries. Refinery supply consistency and reliable maritime scheduling supported broad market availability without exerting upward pricing pressure.

During the third quarter of 2025, the white oil prices in Brazil reached 1238 USD/MT in September. Values declined as end users across pharmaceuticals, household goods, and rubber-processing segments aligned purchasing with quieter operating conditions. Predictable import volumes and steady terminal activity helped stabilize regional supply.

White Oil Prices Outlook Q2 2025

• USA: USD 1347/MT
• China: USD 1030/MT
• Spain: USD 1293/MT
• Thailand: USD 1257/MT
• Brazil: USD 1353/MT

During the second quarter of 2025, the white oil prices in the USA reached 1347 USD/MT in June. Downstream sectors including personal care, lubricant additives, and plastics processing demonstrated stable intake. Supply movements from refineries flowed consistently, and domestic logistics supported uninterrupted distribution into key consumption regions.

During the second quarter of 2025, the white oil prices in China reached 1030 USD/MT in June. Market activity was steady as buyers in the pharmaceutical, rubber, and cosmetics segments structured procurement around predictable production cycles. Import channels and domestic distribution networks worked efficiently to maintain continuous availability.

During the second quarter of 2025, the white oil prices in Spain reached 1293 USD/MT in June. End-use industries operated at balanced rates, and procurement was closely aligned with packaging and medical-grade processing requirements. Terminal infrastructure facilitated smooth intake from international suppliers, supporting reliability across the market.

During the second quarter of 2025, the white oil prices in Thailand reached 1257 USD/MT in June. Consumption from plastics, personal care, and food-processing applications remained consistent. Supply from refineries and imports moved regularly through port facilities, enabling buyers to plan replenishment without disruptions.

During the second quarter of 2025, the white oil prices in Brazil reached 1353 USD/MT in June. Pharmaceutical, rubber, and household goods manufacturers coordinated purchases to match steady output levels. Coastal terminals handled inbound volumes efficiently, and distributors emphasized continuity in deliveries across major industrial belts.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing white oil prices.

Europe White Oil Price Trend

Q1 2026:

The white oil price index in Europe moved upward as demand improved from cosmetics, pharmaceuticals, and polymer processing industries. Spain reflected firmer pricing due to stable buyer interest and higher production related costs. Regional refiners maintained stronger offers as base oil values supported market sentiment. Import availability remained adequate, but freight costs and replacement values kept sellers from offering deep discounts. Buyers returned gradually to the market after earlier cautious procurement, especially in personal care and medicinal grade applications.

Q4 2025:

In Europe, the white oil price index reflected a mild downward correction supported by stable refinery throughput across Western and Southern Europe and consistent feedstock availability from regional crude and base oil streams. Producers maintained steady operating rates, preventing supply tightness and ensuring comfortable contract fulfillment. Demand from pharmaceutical, food-grade, and personal care manufacturers remained structurally stable, but the absence of strong seasonal restocking limited upward pricing momentum.

Q3 2025:

As per the white oil price index, Europe registered a downward trend driven by softer demand in Spain and caution across downstream personal care, medical-grade processing, and packaging industries. Import terminals in Southern Europe handled steady inflows from major international suppliers, ensuring broad availability. Inland logistics into key consumption corridors operated smoothly, helping processors coordinate deliveries with moderated production cycles. Buyers emphasized shorter procurement intervals to maintain flexibility, and distributors prioritized inventory discipline. Overall, consistent supply paired with subdued downstream pull reinforced a more measured pricing environment across the region.

Q2 2025:

Europe reflected stable conditions, supported by dependable supply from domestic refineries and structured import flows. Pharmaceutical, cosmetic, and industrial segments aligned intake with planned operating schedules, favoring predictable contract-based sourcing. Mediterranean and Northern terminals managed throughput effectively, while inland transport networks ensured reliable transfers into central industrial zones. Procurement strategies centered on maintaining supply continuity without building excessive stocks. This combination of organized logistics, steady industrial demand, and disciplined purchasing contributed to a balanced and well-coordinated quarterly environment.

Detailed price information for white oil can also be provided for an extensive list of European countries.

North America White Oil Price Trend

Q1 2026:

The white oil price index in North America moved upward as buyers returned to the market after earlier inventory caution. Demand from automotive, appliances, energy equipment, and general fabrication improved, allowing suppliers to raise offers. Service centers increased procurement to meet expected downstream orders, while import availability remained limited by logistics costs and lead time concerns. Producers maintained firm pricing due to cost pressure from alloy materials and energy. The market showed a better balance between supply and demand, supporting a positive price trend.

Q4 2025:

In North America, the white oil price index softened as feedstock benchmarks eased and refinery operations continued at balanced utilization levels. Domestic producers reported sufficient output to meet contractual obligations and spot inquiries without strain. Downstream demand from healthcare, personal care, and food processing sectors remained consistent, but purchasing volumes were aligned strictly with operational requirements. Inventory positions across distribution networks were comfortable, reducing the need for aggressive replenishment.

Q3 2025:

As per the white oil price index, North America recorded a downward trend as consumption from plastics processors, pharmaceutical excipient manufacturers, and lubricant blenders softened. Refineries maintained strong availability of white oil grades, and logistics corridors across major industrial belts functioned reliably. Distributors synchronized shipments with confirmed production plans, curbing speculative or advance procurement. End users focused on aligning intake with actual processing needs rather than expanding inventories. These purchasing behaviors, combined with healthy supply and muted downstream activity, contributed to a region-wide easing in pricing sentiment and reduced volatility across key hubs.

Q2 2025:

North America maintained steady procurement patterns, supported by consistent refinery operations and predictable demand from diverse end-use sectors. Buyers timed deliveries to coincide with ongoing manufacturing cycles in personal care, lubricants, and pharmaceutical industries. Pipeline and trucking networks ensured smooth movement into major consumption zones, enabling processors to maintain reliable stock turnover. Distributors emphasized routine replenishment to avoid supply gaps, resulting in a quarter characterized by stable inventory alignment and smooth logistical flows across different consumption centers.

Specific white oil historical data within the United States and Canada can also be provided.

Middle East and Africa White Oil Price Trend

Q1 2026:

The study examines the Middle East and Africa's white oil pricing patterns and price chart, taking into account variables that specifically affect market prices, such as regional industrial expansion, the availability of natural resources, and geopolitical tensions.

Q4 2025:

The report explores the white oil pricing trends and white oil price chart in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

Q3 2025:

As per white oil price chart, the prices in the Middle East and Africa fluctuated due to a complex interplay of factors, primarily driven by supply chain disruptions, seasonal demand shifts, and geopolitical influences.

Region-wise data and information on specific countries within these regions can also be provided.

Asia Pacific White Oil Price Trend

Q1 2026:

In the Asia Pacific, white oil prices increased due to improved demand from China and Thailand. Consumption strengthened across plastics, rubber, cosmetics, and pharmaceutical applications. Chinese suppliers raised offers as domestic demand improved and regional export inquiries supported market confidence. Thailand also recorded firmer pricing as Southeast Asian buyers increased procurement for industrial and consumer goods production. Feedstock costs remained supportive, and sellers avoided discounting amid better replacement values.

Q4 2025:

In the Asia Pacific, regional white oil prices declined modestly amid comfortable supply conditions and competitive export offerings from major producing countries. Refinery utilization rates remained steady, ensuring consistent output for both domestic and export markets. Demand from cosmetics, healthcare, and polymer processing industries sustained baseline consumption; however, the absence of strong manufacturing expansion limited incremental buying. Increased competition among regional suppliers encouraged price adjustments to secure market share.

Q3 2025:

Asia Pacific displayed a downward regional trend influenced by broad price reductions across China and Thailand, accompanied by cautious sentiment in neighboring markets. Consumption from cosmetics, plastics, and food-processing auxiliary manufacturers eased, leading distributors to reduce inventory risks and shorten order cycles. Regional supply flows benefitted from uninterrupted maritime scheduling, ensuring dependable availability for major industrial clusters. Domestic distribution networks remained efficient, enabling balanced stock management across Southeast and South Asia. As processors calibrated purchasing to align with moderated operating rates, overall conditions remained soft with limited upward pressure on regional pricing.

Q2 2025:

Asia Pacific markets maintained smooth procurement behavior, supported by steady production levels in China, Thailand, and neighboring economies. Buyers across personal care, plastics, and food-processing sectors structured intake around predictable inventory and manufacturing cycles. Shipping routes operated reliably, ensuring regular access to imported and regional supply sources. Inland logistics connecting ports to industrial centers functioned efficiently, giving processors the ability to synchronize replenishment with consumption rhythms. This coordinated approach to sourcing contributed to stable quarterly conditions with an emphasis on operational continuity.

This white oil price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America White Oil Price Trend

Q1 2026:

In Latin America, white oil prices strengthened, led by firm market conditions in Brazil. Demand from cosmetics, pharmaceuticals, food processing, and industrial lubricant sectors improved, supporting stronger import activity. Since several markets in the region depend on imported white oil, higher landed costs influenced pricing. Freight charges and currency related pressure also supported firmer offers. Buyers replenished inventories after cautious earlier purchasing, while suppliers maintained firm price positions due to steady demand.

Q4 2025:

In Latin America, pricing trends for white oil were slightly softer as improved import availability enhanced domestic supply conditions. Local production remained steady, complementing imported volumes and preventing shortages. Demand from pharmaceutical, cosmetics, and food processing sectors continued at routine levels, with procurement aligned closely to consumption cycles. Currency stability across key economies supported structured purchasing strategies and reduced transactional uncertainty.

Q3 2025:

Latin America registered a downward regional trend shaped by Brazil’s softened price environment and moderated demand across key industries. Pharmaceutical, personal care, and rubber-processing sectors adopted conservative procurement linked to cautious production schedules. Import terminals operated reliably, ensuring consistent material availability without encouraging early stock building. Distributors prioritized cost control and shorter delivery cycles, balancing supply with measured consumption patterns. These behaviors created a stable yet subdued environment, where adequate supply combined with restrained industrial activity maintained downward pricing pressure across multiple markets.

Q2 2025:

Latin America exhibited steady operating conditions, shaped by predictable demand across pharmaceuticals, household goods, and food packaging applications. Coastal ports handled import volumes efficiently, maintaining smooth access to supply for downstream processors. Distributors managed inventories conservatively, aligning replenishment with steady manufacturing activity. Inland logistics supported timely distribution into major production hubs, reducing the likelihood of bottlenecks or supply gaps. This organized flow of goods and coordinated procurement emphasized reliable quarter-to-quarter stability across the region.

This comprehensive review can be extended to include specific countries within Latin America.

White Oil Pricing Report, Market Analysis, and News

IMARC's latest publication, “White Oil Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2026 Edition,” presents a detailed examination of the white oil market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of white oil at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed white oil prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting white oil pricing, such as the dynamics of supply and demand, geopolitical influences, and sector specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

White Oil Industry Analysis

The global white oil industry size reached USD 2.22 Billion in 2025. By 2034, IMARC Group expects the market to reach USD 2.86 Billion, at a projected CAGR of 2.82% during 2026-2034. Growth is supported by expanding use in pharmaceutical formulations, cosmetic products, plastics processing, and lubricant blending, alongside dependable refinery output and stable integration into diverse industrial supply chains.

Latest News and Developments:

• May 2025: Gazpromneft-Lubricants opened a new white oil production plant at its Omsk refinery, expanding capacity for high-purity technical and pharmaceutical white oil grades. The facility was engineered to support industries requiring highly refined, colorless and odorless oils, strengthening the company’s position in the specialty-lubricants sector.
   
• January 2024: Chevron Lummus Global LLC (CLG) commissioned the one of the world's largest white oil hydroprocessing unit for Hongrun Petrochemical in Weifang, China. The facility, utilizing CLG's Isodewaxing and Isofinishing technologies, includes a 500,000 million tons per annum (MTPA) API Group III lubricating base oil unit and a 200,000 MTPA food-grade white oil unit.

Product Description

White oil is a highly refined mineral oil produced through the purification of petroleum derived base stocks. It mainly consists of saturated hydrocarbons and is valued for its clear appearance, low odor, chemical stability, and high purity. Depending on refining quality, it is used in technical, food, pharmaceutical, and cosmetic grades. White oil is non staining, colorless, and resistant to oxidation under normal storage conditions. It is widely used in personal care products, ointments, creams, laxatives, plastics processing, rubber manufacturing, textile lubrication, food grade machinery lubrication, and agricultural formulations. Its inert nature makes it suitable for applications requiring safety, consistency, and compatibility with sensitive ingredients.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of white oil pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting white oil price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The white oil price charts ensure our clients remain at the forefront of the industry.