The Updated price of propylene glycol depends on industries and other factors that we are familiar with in this article. Propylene glycol is a synthetic food additive that belongs to the chemical group of alcohol. Can be used as a raw material for polyester, unsaturated resin. In cosmetics, it can be used for toothpaste and soap and as a moisturizer. Used in hair dye moisture, also used as an antifreeze. Used in cellophane, emollients and pharmaceutical industry. 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 multilayer and semiconductor sheets to make circuit boards.
Local reporters gather market information on demand, supply, upstream movements, production plans and other key factors influencing the updated price of propylene glycol on time. Global market demand for propylene glycol in 2020 will reach about 2.72 million tons this is a Benefits and harms of monopropylene glycol.
Due to market fluctuations, the price of propylene glycol is changing day by day.
A perfect storm of extreme weather, global pandemics and logistical chaos has shaken the world’s chemical markets and driven up prices. The shock effects of America’s polar storm in February continue to reverberate around the world. Many chemical refineries across the Gulf region were affected by prolonged power and raw material outages, while snow and ice disrupted logistics networks and limited supplies.
Global markets were already collapsing from material and price shortages due to the international container shipping system and factory shutdowns. The coronavirus has reduced demand for transportation fuels and led to refinery shutdowns and production cuts, particularly in the United States and Europe. US propylene prices are at a 10-year high and inventories are about 50% lower than a year ago.
Apart from the short-term consequences of the “storm”, the affected companies must consider the fundamental problems associated with limited production of glycol – especially propylene glycol (PG) and over-reliance on limited producers – namely LyondellBasell and BASF. Many companies have developed Coolflow DTX, a high performance non-toxic secondary refrigerant suitable for replacing PG in food cooling and cold storage systems.
In terms of performance, DTX has very similar heat transfer and pumping characteristics to ethylene glycol, and subsequently enjoys several operational advantages such as low viscosity, low dosing rates, and smaller systems and on-site plant footprints, and it has been proven that costs Reduces energy by more than 10%. DTX maintains proper efficiency for low temperature systems previously not possible with propylene glycol – while improving fluid reliability and system life.
DTX-based coolants are also used in various industrial and commercial sectors, where non-toxicity and low environmental impact are of high priority. The cost-saving benefits of dosing a new or existing system (upgrade) with DTX are particularly favorable in the current economic climate. For example, at current rates, if DTX were to replace PG in a proposed 20,000 liter system (protected to -15°C), savings of over 100% per installation could be achieved.
While production costs have risen significantly, upstream prices have affected MPG production rates, and some major MPG manufacturers have decided to focus production and sales where the margins are best. The availability of MPG for industrial and pharmaceutical grades has decreased.Demand for industrial grade MPG (PGI) was strongly influenced by the effects of the coronavirus, with a declining trend. Drug uptake for USP grade was much higher and caused some vendors to focus more on USP than PGI.
MPG interest rates rose over a period of time, although producers monitored inventory and demand and raised rates at different times of the quarter. Recently, the market has intensified due to the restrictions offered by strong PO. Integrated PO manufacturers seem to favor higher priced polyols over MPG. As a result, the DPG of the joint product also tightened. As the global market intensified, more questions were asked from other regions.Demand for industrial materials for the construction industry improved and demand for detergents remained stable. DPG demand was generally slow, while MPG USP demand remained at its lowest. In recent months, this trend has been growing.
For several reasons, the release of MPG became more difficult. Hurricane Laura affected the Indorama facility in Port Nechs, Texas. The storm hit the area on August 27, causing a long-term power outage. Although electricity was restored in 2-3 weeks, market participants said supply was still limited in the coming weeks. Other producers, far from the path of Hurricane Laura, also had shortages because they were out of stock compared to other years in early summer.MPG demand increased, especially in the last month of the 2020 quarter. Like many other petrochemicals, MPG began an upward trend at the beginning and returned slowly in the following months as part of the economy reopened. After a further fall in 2020, propylene contracts began to rise, leading to an increase in MPG prices. Despite higher costs, market participants said demand was still high.
The global market for propylene glycol is divided into petroleum glycol and bio. Oil-based propylene glycol is expected to dominate the global market due to its increasing use in the transportation, construction and manufacturing industries. Unsaturated polyester resin has dominated the global propylene glycol market in the global market of propylene glycol, followed by antifreeze, functional and pharmaceutical liquids. The growing construction and construction industry, coupled with increased investment in emerging economies for infrastructure development, is driving a growing propylene glycol market for unsaturated polyester resins. Food, beverages, cosmetics, and transportation are also factors in market growth.
USP Propylene Glycol is approved for use in direct food and beverage applications. The USP-labeled product means that the product is packaged in accordance with USP certifications on approved food and beverage packaging approvals.
Corrosion-resistant inhibited propylene glycol designed for use in aqueous systems.
It is a commercial product of Dow Chemical and is propylene glycol for use in water systems in food grade facilities.
We always recommend buying USP propylene glycol concentrate. This is the most cost-effective way to buy propylene glycol, but in cases where the specifications require mixed glycol, diluted forms of propylene glycol can also be used. PersianUtab is a supplier and wholesaler of propylene glycol. You can buy quality propylene glycol from us. Make sure you can buy propylene glycol at an up-to-date price. We offer our products with the best quality and competitive price to our customers.