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 Q2 2016
In the US, formula-dependent mono propylene glycol (MPG) contract prices will follow upstream propylene price movements. MPG pricing going into the second quarter is expected to increase by a small increment on the back of a higher March propylene contract. For monthly-negotiated contracts not dependent on formula-pricing, producers announced substantial April price increases. However, market players said that producer-initiated increases are not justified because demand is not expected to be strong. Demand has been lacklustre overall, coming out of a warmer-than-usual winter season in some major regions of the US.
European MPG spot prices are being talked firmer early in the second quarter, because of the €60/tonne increase in the upstream April propylene contract price. Some producers also maintain that spot is not readily available due to plant maintenance and amid healthy demand, which they suggest is also likely to support a possible upward price movement. Buying and reselling sources also expect a possible firmer tendency in April for feedstock reasons and because of some differences in availability, depending on supplier. Buying and reselling sources, however, consider demand to be steady to muted. While demand from the downstream unsaturated polyester resin (UPR) sector should pick up seasonally during the second quarter, it remains to be seen if this occurs. There has been some talk that UPR demand was better than expected during the first quarter of 2016, supported by the mild winter, which could mean that any possible seasonal pick-up could be diluted during the second quarter to some extent. Views on MPG supply range from sufficient to ample, but players will closely monitor availability during the second quarter because of some upstream propylene oxide (PO) and MPG plant turnarounds, which are expected to take place during this period.
In Asia, producers have mostly targeted April hikes amid overall rising raw material prices since the beginning of the year. However, any upside in MPG prices may be capped, as downstream demand has not shown much improvement while prices of feedstock PO in China's domestic market also began to soften after spiking in March.
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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.