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Mono propylene glycol Europe Transcript
The Europe mono propylene glycol (MPG) report has an official spot range for the industrial grade product.
It is also an important pricing tool, where a lot of contracts are based on a formula pricing linked to ICIS.
It covers two other grades, dipropylene glycol grade and the USP pharmaceutical grade.
This includes market commentary and pricing information on both grades.
The report also contains important production updates and important import information on trade flows between Asia and Europe.
The report also has invaluable information for both producers, buyers and traders and gives an overall view on various downstream sectors including the unsaturated polyester resin sector, food packaging, surfactants and different seasonal businesses.
Monopropylene glycol news and market information products from ICIS
We offer the following regional Monopropylene glycol coverage to keep you informed of factors and developments affecting prices in the Europe Monopropylene glycol marketplace.
Price Reporting – More information about the price reports we publish on Monopropylene glycol
Independent price assessments and market coverage
Price History – More information about the historical price data we publish on Gas
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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.
Updated to Q3 2016
European mono propylene glycol industrial grade (MPGI) spot prices have dropped during the third quarter, despite slightly firmer upstream propylene contract costs. This softer price sentiment has been driven by good availability for MPGI and signs of muted demand particularly during the summer holidays and competitive pressure as a result.
European average MPGI spot prices were assessed in early July at €1,030 FD (Free Delivered) NWE (northwest Europe), but dropped to €960/tonne FD NWE by the week ending 16 September. However, in the week ending 23 September, there was a change in direction, as prices were stable to slightly firmer. This is on the back of signs of increased demand, particularly from the main downstream unsaturated polyester resin (UPR) sector.
There was also talk of one supplier being less active in the spot market for maintenance reasons and that this has given rise to additional demand for others. However, others said that prices remain stable, stating that they had not seen any pick-up in activity. The market is largely balanced in the second half of September.
ICIS provides pricing information, news and analysis for all major petrochemical and chemical markets, including Monopropylene glycol.
We offer unbiased and independent price reporting, with our price assessments being widely quoted as benchmarks in contracts.
Our information is collected from market participants by our global network of reporters, delivering unrivalled coverage of established and emerging markets, including China and Asia.
ICIS price assessments are based on information gathered from a wide cross section of the market, comprising consumers, producers, traders and distributors. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments, giving you a robust reference for your negotiations.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Monopropylene glycol. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Monopropylene glycol, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.