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Updated to Q4 2016
US monopropylene glycol (MPG) prices experienced mixed movement in the fourth quarter of 2016, but ultimately trended lower at the end of the period, 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 October reflected the September propylene settlement, increasing by four cents/lb for the month.
Monthly MPG trends also take into account pricing based on negotiations between buyers and sellers that are not dependent on the formula pricing.
According to sources, multiple producers successfully implemented increases of around four cents/lb on their propylene glycol industrial (PGI) and propylene glycol pharmaceutical (PGUSP) grades, effective October 1.
Producers also separately proposed increases of four cents/lb for November. However, sources said that the price hikes did not hold, following the decrease in propylene prices for October.
November formula-based contract prices were assessed lower by one cent/lb.
December formula-based contract prices were expected to settle lower by market players, based on a drop in November propylene prices. Producers did not announce any price hikes for the month.
MPG supply remained readily available over the quarter, while demand was said to have weakened towards the end of the period.
ICIS provides pricing information, news and analysis for all major petrochemical and chemical markets, including Monopropylene glycol.
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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. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments, giving you a robust reference for your negotiations.
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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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