Monopropylene glycol Prices, markets & analysis
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 news and market information products from ICIS
We offer the following regional Monopropylene glycol analysis and news coverage to keep you informed of factors and developments affecting prices in the Monopropylene glycol marketplace.
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News & analysis
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Insight and analysis of factors driving prices.
Upstream of Monopropylene glycol
Downstream of Monopropylene glycol
Monopropylene glycol: Market overview
Updated to Q1 2016
European mono propylene glycol (MPG) prices fell in early 2016 due to a weak de-icer season, however sources noted the outlook may yet be different as the weather could still turn cold in the first quarter. Demand is lacklustre overall but there are some pockets of healthy ordering, mainly from the unsaturated polyester resin sector. It is unclear if this trend will continue throughout the first quarter. The outlook on prices remains unclear as weather patterns are notoriously unpredictable, however prices are expected to continue falling if temperatures remain at currently high levels.
In Asia, MPG prices are expected to trend down in tandem with weakening upstream raw material prices including that of feedstock propylene oxide (PO) in the first quarter. Demand will likely only show signs of improvement after the Lunar New Year in the first half of February.
In the US, formula-dependent MPG contract prices will follow upstream propylene price movements. Going into the first quarter, monthly-negotiated contracts that are not based on formula pricing are expected to rollover. Supply remains snug, but this is balanced by slow demand, as warmer-than-usual weather has thwarted the need for de-icing.
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Monopropylene glycol news & analysis
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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.
Upstream of Monopropylene glycol
Downstream of Monopropylene glycol