09 January 2014 16:13 [Source: ICIS news]
LONDON (ICIS)--Monopropylene glycol (MPG), used in de-icing fluid by the airline industry, could be exported to the US if the unusually cold weather there persists and Europe remains relatively warm, sources said Thursday.
European producers are left with more stock than they expected as very little snow has fallen on the continent, reducing demand for MPG and keeping prices flat in the new year. By contrast, the US is experiencing a severely cold winter with few signs of a reprieve on the horizon.
“I am not sure what the stock position in the US is,” a producer said, referring to MPG availability in US airports. “[The market] looks like it is covered but if it continues there could be some export opportunities.”
A trader, however, expressed scepticism about any potential exports across the Atlantic.
“In theory, exports are possible but by the time [the shipment] arrives the season could be over,” a trader said.
According to ICIS data, MPG prices remained flat in the first assessment on 3 January at €1,220-1,270/tonne freely delivered (FD) northwest Europe (NWE).
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections