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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 Q3 2016
US monopropylene glycol (MPG) contract prices trended higher in the third quarter of 2016, following the movement of upstream propylene.
Monthly contract prices are typically influenced by the delta of the previous month’s propylene contract price and generally follow formula-based pricing.
Formula-based contract prices for July and August both followed the upward movement of propylene. However, because propylene increased by a small increment (0.5 cent/lb, or $11/tonne), MPG prices increased only fractionally, and therefore both months were assessed at a rollover.
The August propylene contract settled up by 3.5 cents/lb. As a result, September MPG formula-based contract price ranges increased by 2 cents/lb.
Monthly MPG trends also take into account pricing based on negotiations between buyers and sellers that are not dependent on the formula pricing.
Multiple producers separately announced 5 cents/lb increases on their propylene glycol industrial (PGI) and propylene glycol pharmaceutical (PGUSP) grades, effective 1 September.
According to market feedback, non-formula based contracts adopted the 5 cents/lb increase for September.
MPG supply was balanced with demand over the third quarter, with no issues regarding availability.
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.