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Home Commodities Chemicals Monopropylene-glycol Monopropylene glycol prices, markets & analysis

Monopropylene glycol prices, markets & analysis

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The trusted and reliable Monopropylene glycol (MPG) reports are published by ICIS weekly in Asia, Europe and the US. The intelligence within the reports, gathered from across the markets by our locall- based reporters, will allow you to make informed and confident business decisions.

The price assessments cover spot markets in Asia and Europe, while in the US, contract prices are published. Unbiased commentary gives details of a general overview, graphs, feedstock information and news on different grades, where applicable.

Also covered, propylene glycol ethers for the European market.

Grades assessed include:

  • Propylene glycol methyl ether (PM)
  • Propylene glycol methyl ether acetate (PMA)

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Market Overview

Updated to Q4 2020

Asia

Supply in Asia was short in Q4 2020, as turnarounds at upstream propylene oxide (PO) facilities curtailed upstream availability. Production was therefore lower for both industrial (PGI) and pharmaceutical (USP) grades, especially since healthy margins led integrated producers to preferentially make polyether polyols. Exports of China-origin PGI cargoes were also scarce, resulting in a shortfall.

Demand in Asia registered gains in the fourth quarter as the PGI grade experienced seasonally strong uptake during the winter from the anti-freeze sector. For the pharmaceutical grade, demand was largely stable throughout Q4. It was still considered healthy by most market participants, as the coronavirus pandemic buoyed cargo uptake.

Europe

The MPG market tightened in Q4 on an almost weekly basis as did co-product DPG which was even harder hit. This followed a plant outage at BASF, a couple of other production hitches but mainly because feedstock PO was limited as it was fed into polyols rather than MPG. There was also an increase in exports as Asian prices were high and hurricanes in the US meant material was redirected from Europe.

The buying appetite for MPG in Q4 was driven by worries about the security of supply rather than fundamental demand, with stocks kept low during the pandemic. Offtake into the deicer sector was slow as flights were cancelled and there was less travel due to lockdowns. This also impacted offtake into applications in the construction sector. DPG demand into fragrances was healthy and pharmaceutical grade demand was boosted by coronavirus-combatting sectors.

US

Early in Q4, MPG tightened due to production issues in the US Gulf. One producer declared force majeure due to a problem at an upstream plant, while another producer continued to work on repairs in the aftermath of Hurricane Laura which struck in late August. By the middle of Q4, repairs at these facilities led to improving supply conditions.

For the first half of Q4, MPG demand was down from previous winters both due moderate weather throughout much of the US and fewer flights and drivers in transit due to the coronavirus. In the winter, MPG demand generally rises due to an increase in the use of de-icers and antifreeze. By the end of Q4, market participants observed an increase in demand which was still lower than in traditional years.

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How we can help

Monopropylene glycol news and market information products from ICIS

We offer the following regional Monopropylene glycol analysis and news coverage to keep you informed of factors and developments affecting prices in the Monopropylene glycol marketplace.

  • Analytics available 
    • Live Disruptions Tracker: Supply View
    • Price Drivers Analytics
    • Price Optimisation Analytics
    • Supply & Demand Outlooks
  • Price reporting

    More information about the price reports we publish on Monopropylene glycol
    Independent price assessments and market coverage by region

    • Asia
    • Europe
    • US
  • Price history

    More information about the historical price data we publish on Monopropylene glycol
    Track historical price data

    • Asia
    • Europe
    • US
  • News & analysis

    Breaking news of latest developments affecting the markets.

    Insight and analysis of factors driving prices.

ICIS price reports also cover propylene glycol ethers for the European market.

Propylene glycol ethers are high performance industrial solvents used in paints and coatings, cleaners, inks, adhesives, textiles, cosmetics, agriculture and electronics. In the electronics industry, they are used with other solvents in the manufacture of laminates and semiconductor processes for making circuit boards.

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Pricing Intelligence

Pricing information

Regional price assessments, published daily or weekly, enabling you to keep track of trading prices, understand price drivers/fluctuations and set a benchmark for contract price settl pricing reportements. ICIS offers reports on over 180 commodities across the global petrochemical, energy and fertilizer markets. Information covered in our price reports includes:

  • Spot and contract price assessments
  • Market commentary on trends and developments
  • Transactions reported and confirmed
  • Plant and production news

Information is accessed online, via the ICIS dashboard service and is configurable to suit your preferences.

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Price forecast services

Produced by the ICIS Consulting team, these reports give a robust rolling 12-month price forecast, trade balances and in-depth analysis into where markets are heading – providing a valuable tool to support your short- to medium-term plans.

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Dashboard – Easy access to ICIS pricing data

ICIS pricing intelligence is delivered to you online via the ICIS dashboard. Here you can view your reports and also access other useful services including related news, analysis, historical data and market alerts.

ICIS dashboard also makes it easy for you to create pricing charts, download price history and export data to create tailored analytical models.

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The Supply and Demand Window on the ICIS Dashboard provides a snapshot view of historical and forecast information for supply and demand, production capacity and trade flows – a key tool to help safeguard future investments within the chemicals market.

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Industry News

 

24-hour global coverage of breaking news in the petrochemical industry,news service including updates on production, shutdowns and key transacted deals, keeping you informed of market developments as they happen. The ICIS news service allows you to customise the market alerts delivered to your email inbox, providing the business-critical information you need straightaway.

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An expert view of supply and demand comprising four fully-reconciled databases, giving you access to extensive data for more than 100 markets. Information is included on global and regional trade flows, production, capacity and sources of demand in the short-, medium- and long-term. Data can be downloaded, customised and queried to support your planning requirements and your strategic decisions.

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Analytics tools for MPG include:

  • Live Disruption Tracker: Supply View
  • Price Drivers Analytics
  • Price Optimisation Analytics
  • Supply & Demand Outlooks

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ICIS provides specialist training courses across the global petrochemicals, base oils and fertilizers industries. Our training team of industry experts can help you increase your knowledge of the industry and gain the insight and know-how needed to operate and trade effectively.

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ICIS produces a series of highly informative and timely conferences. Extensive research is carried out to ensure that each programme delivers the information you need and addresses current industry issues. We source speakers who have the appropriate expertise and experience to deliver excellent quality papers.

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Working closely with you to understand your strategies, challenges and ambitions, the ICIS consulting team deliver tailored advice and solutions to suit your unique requirements. With many years’ experience of guiding business leadership teams, we show you how market conditions can make a positive or negative impact on your long-term plans.

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China markets

ICIS expert consultants can provide your organisation with the insight, intelligence and data needed to build and grow your business in China. We can help you to gain a clear view on the short and long-term supply and demand picture in the chemicals, energy, iron and steel, non-ferrous metals and paper and pulp markets in China.

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Methodology

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.

Mono Propylene Glycol Methodology

Mono propylene glycol (MPG), otherwise referred to as propylene glycol (PG), is a product that is used in the manufacture of high performance unsaturated polyester resins (UPR), as well as engine coolants, antifreeze applications.

Find out more about the methodology

Read More

About Monopropylene glycol

Mono propylene glycol (MPG) otherwise referred to as propylene glycol (PG), is a clear, colourless, odourless, hygroscopic, viscous liquid. It is relatively non-toxic but is a mild irritant and defatting agent. PG is combustible but not flammable at room temperature.

PG is used in the manufacture of high performance unsaturated polyester resins (UPR), as well as engine coolants, antifreeze applications, aircraft wing and runway de-icer, food, pharmaceuticals and personal care products, and paints/coatings.

The manufacture of plasticisers and hydraulic brake fluids consume considerable quantities of propylene glycol and it is also used in the manufacture of non-ionic detergents which are utilised not only in the petroleum, sugar refining and paper making industries, but also in the preparation of toiletries, antibiotics and liquid washing formulations.

Propylene glycol ethers are high performance industrial solvents used in paints and coatings, cleaners, inks, adhesives, textiles, cosmetics, agriculture and electronics. In the electronics industry, they are used with other solvents in the manufacture of laminates and semiconductor processes for making circuit boards.

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