27 April 2010 04:20 [Source: ICIS news]
SINGAPORE (ICIS news)--Mono propylene glycol (MPG) prices in ?xml:namespace>
China has put in place strict restrictions on the logistics and distribution of dangerous chemicals during the Shanghai World Expo 2010.
Deep sea cargoes of MPG had also dwindled amid higher feedstock propylene (C3) prices in the US causing a reduction of exports from Dow Chemicals in the US to Asia, traders said.
The overall tightness in availability of cargoes was expected to put upward pressure on prices of all MPG product groups in Q2, they added.
Asahi Glass’s 110,000 tonne/year MPG plant in
Prices of industrial grade propylene glycol (PGI) were in the range of (yuan) CNY11,800-12,200/tonne (1,728-1,786/tonne) ex-tank China on 23 April compared to CNY10,400-10,500/tonne ex-tank China on 22 January, an increase of CNY1,400-1,700/tonne ex-tank China.
Similarly pharmaceutical grade MPG prices were in the range of $1,780-1,800/tonne (€1,335-1,350/tonne) CFR SE Asia on 23 April, an increase of $120-170/tonne from $1,610-1,680/tonne CFR SE Asia on 22 January, according to ICIS pricing.
MPG is typically used in the humectants, antifreeze, liquid detergents, cosmetics and pharmaceutical industries.
($1 = €0.75 / $1 = CNY6.83)To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections