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
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Upstream of Monopropylene glycol
Downstream of Monopropylene glycol
Monopropylene glycol: Market overview
Updated to Q1 2015
European mono propylene glycol (MPG) prices plummeted in early 2015, following crude and propylene, and this is expected to continue unless there is significant de-icing liquid demand this quarter. Availability is improving as Shell restarted one of its propylene oxide (PO) units and buyers are purchasing bare minimum volumes due to the upstream volatility. The market outlook is unclear, given unknown upstream and weather factors.
In the US, formula-dependent MPG contract prices will follow the price movements of upstream propylene. Non-formula-based MPG contracts are expected to be steady-to-firm because there remains some tightness in supply and demand from the aircraft de-icing sector is typically strong in cold weather.
In Asia, the MPG market can be expected to remain sensitive to movements in feedstock PO prices, market participants said. The key factors impacting MPG production and market movement hinge upon the availability of PO as well as MPG margins compared to PO margins and margins of other PO derivatives, according to market players.
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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