The trusted and reliable Monopropylene glycol (MPG) reports are published by ICIS weekly in Asia, Europe and the US. The intelligence within the reports, gathered from across the markets by our locall- based reporters, will allow you to make informed and confident business decisions.
The price assessments cover spot markets in Asia and Europe, while in the US, contract prices are published. Unbiased commentary gives details of a general overview, graphs, feedstock information and news on different grades, where applicable.
Monopropylene glycol Overview Transcript
Europe monopropylene glycol is a big distribution market in Europe and spot is the most liquid value there.
The main market drivers include supply and demand and to a lesser extent the propylene feedstock movement.
The downstream sectors, there’s a wide variety of those, include the unsaturated polyester resins sector, food packaging, surfactants and on the seasonal front, there’s the anti-freeze and de-icer sectors.
The overall pricing trend so far has been increasing and firm, this is due to the harsh winter in 2009-early 2010 and due to a number of planned and unplanned outages both at the cracker and for MPG. Also robust demand has kept prices relatively firm.
In terms of the future outlook, this depends on how the additional capacity in the market following recent expansions and forthcoming expansions in the market will be managed effectively.
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Monopropylene glycol: Market overview
Updated to Q4 2016
In Asia, monopropylene glycol (MPG) spot prices in the fourth quarter are likely to climb higher after a surge in China domestic feedstock propylene oxide (PO) prices in September.
Moreover, prices could be further supported by an expected tightening of supply after technical trouble at a southeast Asia-based producer’s upstream cracker complex since late September as well as a scheduled turnaround at a separate southeast Asia-based producer’s propylene glycol plant in October.
Meanwhile, Europe MPG industrial grade spot prices firmed early in the quarter, because of feedstock gains and margin recovery, along with good demand in some cases. Activity from the main downstream unsaturated polyester resin (UPR) sector has been robust early in the quarter, contrary to low seasonal expectations, because of favourable weather.
There have also been some signs of a pick-up in de-icer buying activity and enquiries ahead of winter, although some sources recently said winter buying activity has been slow to start.
The MPG industrial grade market is finely balanced early in the quarter, because of robust demand domestically and for exports, as well as maintenance. Players will also be keen to monitor the situation regarding the fire at BASF’s Ludwigshafen site in mid-October, which resulted in cracker and derivative production being taken down.
In the US, formula-dependent MPG contract prices in the fourth quarter will follow upstream propylene price movements. After a succession of successful producer-initiated price hikes in September and October, market participants said they expect prices to remain steady, with the possibility of decreasing towards the end of the quarter.
Going into the fourth quarter, supply is said to be tighter, partially as the result of production issues at US producer Huntsman’s Port Neches, Texas facility. While enquiries for antifreeze picked up over the third quarter, sources have indicated that this demand will slow by the end of the year.
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Mono Propylene Glycol Methodology
About Monopropylene glycol
Mono propylene glycol (MPG) otherwise referred to as propylene glycol (PG), is a clear, colourless, odourless, hygroscopic, viscous liquid. It is relatively non-toxic but is a mild irritant and defatting agent. PG is combustible but not flammable at room temperature.
PG is used in the manufacture of high performance unsaturated polyester resins (UPR), as well as engine coolants, antifreeze applications, aircraft wing and runway de-icer, food, pharmaceuticals and personal care products, and paints/coatings.
The manufacture of plasticisers and hydraulic brake fluids consume considerable quantities of propylene glycol and it is also used in the manufacture of non-ionic detergents which are utilised not only in the petroleum, sugar refining and paper making industries, but also in the preparation of toiletries, antibiotics and liquid washing formulations.
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Downstream of Monopropylene glycol