26 September 2004 17:47 [Source: ICIS news]
MONTE CARLO, Monaco (CNI)--Propylene glycol (PG) in North America and worldwide likely will remain very tight through 2005 or 2006, a major North American PG market source said here Sunday, citing both strong continuing PG demand growth and equally tight supplies for PG precursor propylene oxide (PO).
“Demand for PG in the North American market has been increasing month on month for the past year,” the industry source said. “There is definitely more PG business than a year ago, substantially more,” he added.
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PG prices are up by as much as 30-35% from a year ago, the source said.
The PG industry executive spoke with CNI on the sidelines of the 38th annual meeting here of the European Petrochemical Association (EPCA). The conference runs through Tuesday (29 September).
CNI EPCA newsroom: Suite Naiades C, Grand Hotel; Tel. + 377-9315-1070/71
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