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Mono propylene glycol US Transcript
The US mono propylene glycol report (MPG) is a weekly publication and covers monthly contract prices for USP grade, industrial grade and anti-freeze grade product, as well as monthly export prices.
The report is prepared by speaking with market participants on both the buy and sell sides every week, in order to get the most objective and up-to-date information possible.
Since propylene prices greatly impact the prices of MPG, detailed information about this feedstock is also presented.
This report is essential reading, its methodical and accurate data assists buyers and sellers alike and helps them make vital decisions about their markets.
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Updated to Q1 2016
US monopropylene glycol (MPG) contract prices in the 2016 first quarter were stable-to-soft on the back of upstream propylene.
US MPG monthly contracts are typically influenced by the delta of the previous month’s propylene contract price and generally follow formula-based pricing.
A propylene contract increase in December was cancelled out by a same-amount decrease in January. This was followed by a decline in February.
MPG formula-based contract prices for January and February 2016 were assessed as flat, while March was assessed as down.
Monthly MPG trends also take into account pricing based on negotiations between buyers and sellers that are not dependent on the formula pricing.
Producers did not initiate price increases for monthly negotiated MPG contracts in Q1, which indicates that they rolled or lowered their contract prices in the quarter.
Demand during the first quarter was lacklustre overall. Aircraft de-icing demand was mixed, with some regions of the US seeing strong use of de-icers as a result of airports remaining open during winter storms. Other regions saw very poor use of de-icers because of an unseasonally warm winter.
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.
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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.
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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.