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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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.
Price Reporting – More information about the price reports we publish on Monopropylene glycol
Independent price assessments and market coverage by region
Price History – More information about the historical price data we publish on Monopropylene glycol
Track historical price data
News & analysis
News & Analysis - News & market analysis specifically relating to Monopropylene glycol
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Upstream of Monopropylene glycol
Downstream of Monopropylene glycol
Monopropylene glycol: Market overview
Updated to Q2 2015
In Asia, monopropylene glycol (MPG) prices continue to track feedstock propylene oxide (PO) prices closely. Downward pressure on MPG in Q2 would likely come from domestic China PO prices falling on stagnant demand. Moreover, suppliers’ high inventory levels of both local-grade and import-grade material will likely put a damper on prices.
In the US, formula-dependent MPG contract prices continue to follow upstream propylene price movements. Although producers have price increase initiatives for non-formula-based MPG contracts, they are not expected to hold. Weak crude oil values and low propylene prices weigh on MPG, despite good demand and tight PO supply. Several producers are in major turnaround for their PO.
The Q2 European MPG market outlook is mixed due to a lack of consensus amongst buyers and sellers. Upstream PO remains tight and propylene price increases in Q1 prompted MPG sellers to raise prices. Simultaneously, ample availability of MPG after a weak de-icer season is pressuring the market down. Demand for downstream unsaturated polyester resins is on the rise as the construction season begins in mainland Europe, potentially reducing supply levels going forward.
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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