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Mono propylene glycol Europe Transcript
The Europe mono propylene glycol (MPG) report has an official spot range for the industrial grade product.
It is also an important pricing tool, where a lot of contracts are based on a formula pricing linked to ICIS.
It covers two other grades, dipropylene glycol grade and the USP pharmaceutical grade.
This includes market commentary and pricing information on both grades.
The report also contains important production updates and important import information on trade flows between Asia and Europe.
The report also has invaluable information for both producers, buyers and traders and gives an overall view on various downstream sectors including the unsaturated polyester resin sector, food packaging, surfactants and different seasonal businesses.
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Updated to Q4 2016
Europe monopropylene glycol industrial grade (MPGI) spot prices moved up during the fourth quarter, driven mainly by reduced supply and winter demand.
In the first half of October, the mid-point of the MPGI assessment was €980/tonne, and it was €1,125/tonne in the first half of December.
In October and November, prices firmed because of reduced spot availability, which was linked to BASF not being active in the spot market until late November, due to its maintenance turnaround, and taking into account the explosion at its Ludwigshafen site in Germany in October.
The pull into the downstream winter sectors, along with ongoing healthy UPR demand also supported the upward price movement. The rise in upstream propylene contract costs in October and November was also a contributory factor in the upward price move, although it was more market related. In the first half of December, MPGI spot prices continued to rise, despite the decrease in propylene contract costs, based on reduced spot supply, because of some upstream propylene oxide (PO) output constraints and winter demand.
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.
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.