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.
Monopropylene glycol news and market information products from ICIS
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News & Analysis - News & market analysis specifically relating to Monopropylene glycol
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Insight and analysis of factors driving prices.
US mono propylene glycol (MPG) contract prices broke its months-long uptrend in the 2014 first quarter as prices started to come down in March. A dropoff in demand and ameliorated supply tightness drove prices down.
Despite falling feedstock propylene costs, MPG producers implemented price increases in January and February, citing still-tight supply and continued strong demand from the downstream de-icing sector. Unusually healthy demand in downstream surfactants was also said to contribute to upward pricing pressure.
In the second half of February, supply volumes were back on target and de-icing demand started to come off, which alleviated upward pricing pressure. With feedstock propylene still coming down, demand softening, and supply volumes coming back onto the market, buyers aimed for lower MPG pricing rather than take a rollover in March.
MPG contract prices were assessed at 95.65-104.65 cents/lb ($2,109-2,307/tonne) FOB for industrial grade in March from 94.65-102.65 cents/lb FOB in January. Anti-freeze grade was assessed at 86.00-95.65 cents/lb FOB in March from 85.00-93.65 cents/lb FOB in January. Pharmaceutical grade was assessed at 101.65-110.65 cents/lb FOB in March from 100.65-108.65 cents/lb FOB in January.
Updated to mid-April 2014
ICIS provides pricing information, news and analysis for all major petrochemical and chemical markets, including Monopropylene glycol.
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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.
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