Europe MPG USP spot prices stable to soft on balanced market, MPGI decrease

Source: ICIS News

2019/03/22

LONDON (ICIS)--European mono propylene glycol  US pharmaceutical (MPG USP) spot prices were stable to soft this week as a balanced market was weighed against some price slippage for mono propylene glycol industrial grade (MPGI).

MPG USP typically follows a similar trend to MPGI, although MPG USP normally tends to be more stable, and this week it also was subject to less price pressure due to balanced conditions.

MPG USP spot prices were quoted around €1,400/tonne FD  (free delivered) or FCA (free carrier) NWE (northwest Europe), depending on source and end sector.

In related news,  European MPGI spot prices slipped this week amid ample supply and muted demand.