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Updated to Q2 2017
The general trend for European monopropylene glycol industrial grade (MPGI) spot prices was soft from early April until early June, although there were also some periods of price stability.
On 7 April, average MPGI spot prices were assessed at €1,270/tonne FD NWE, but they decreased to €1,235/tonne FD NWE by 2 June.
The fall was linked to general good availability, despite LyondellBasell’s lengthy plant maintenance at its Botlek site in the Netherlands. Demand was reasonable, but not strong.
Di propylene glycol (DPG) spot prices, by contrast, remained at an historically high level, as supply continued to be tight, because of the turnaround at Botlek and robust demand.
DPG is typically most affected by output constraints for monopropylene glycol (MPG) because its yield is structurally lower compared to MPG.
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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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