Monopropylene glycol Prices, markets & analysis
ICIS provides independent and unbiased pricing information, news and market analysis for the global Monopropylene glycol market. Our network of price reporters, based in Asia, Europe and the US, deliver local insight for each of these markets, which is published in our individual weekly and daily price reports.
If you buy or sell Monopropylene glycol or related products, our reports, news and market intelligence will give you the prices and analysis of the factors driving the prices that you need to make confident commercial decisions.
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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News & analysis
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Upstream of Monopropylene glycol
Downstream of Monopropylene glycol
Monopropylene glycol: Market overview
US mono propylene glycol (MPG) supply is expected to remain tight well into the first quarter of 2014 because of production issues in the second half of 2013 that hindered output. The tight market has prompted contract price increases, which has an underlying support from market sentiment that pegs the US MPG market as being under-priced for a while now. Cold winter weather is also expected to drive demand in the downstream anti-freeze and de-icing sectors. Demand from downstream surfactants is also expected to pick up when surfactant producers resume production after a seasonal lull.
In Europe, MPG demand in the beginning of the first quarter has not been as strong as expected due to the unusually warm winter weather on the continent. Consequently, the de-icing sector has not needed as much product as projected, leaving producers with excess stock early in the year. This has led to flat prices in the new year and this is expected to continue unless and until temperatures drop significantly. The unsaturated polyester resin (UPR) is due to begin seasonal ordering in March when seasonal business in the construction sector begins.
In Asia, MPG sellers are expected to remain under pressure to pass on increases in feedstock propylene oxide (PO) costs to the downstream, as they try to restore margins to positive levels, according to market participants. Market players said that plant operating rates could be reduced if prices remained at unprofitable levels.
Updated to mid-Jan 2014
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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