Monopropylene glycol Prices, markets & analysis
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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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US mono propylene glycol (MPG) contract prices were generally higher between August and November, tracking similar price movements in upstream propylene contract pricing.
Prices for all grades rose from August to September, based on a combination of producer-led price hikes based on healthy demand, as well as a correlation to the upstream propylene settlement in August. Prices for PG industrial-grade (PGI) and PG pharmaceutical-grade (PGUSP) increased again in October, while other grades were steady.
November pricing has not been fully settled yet for all grades. November prices for PG anti-freeze grade (PGAF) and PG exports were assessed down from October, on a formula-based correlation to the upstream October propylene contract settlement. However, prices for PG industrial-grade (PGI) and PG pharmaceutical-grade (PGUSP) were expected to increase in November following a 4 cent/lb price increase proposal from producers. Sources said they don't believe the full increase will be implemented.
MPG contract values are strongly influenced by the delta of the previous month’s propylene contract, but overall market settlement is based on a combination of a formula-based correlation to the propylene delta and independent contract negotiations with buyers who do not use formula-based pricing.
Supply and demand were said to be in relative balance. Demand is lacklustre as the market is in its seasonal slow period, particularly in the downstream anti-freeze market.
Updated to mid-November 2013
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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.
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