EXHIBIT 23
                                                                           
                                                                           
                    CONSENT OF INDEPENDENT ACCOUNTANTS

     We hereby consent to the incorporation by reference in the
Registration Statements on Form S-8 (No. 2-57924, No. 33-54158, and No. 33-
51655) of Quaker Chemical Corporation of our report dated February 21, 1995
appearing on page 25 of the 1994 Annual Report to Shareholders which is
incorporated in this Annual Report on Form 10-K.

PRICE WATERHOUSE LLP
Thirty South Seventeenth Street
Philadelphia, Pennsylvania 19103
March 29, 1995

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