Mono Propylene Glycol Price Trend and Forecast

Description

At the start of Q3 2022, the Mono Propylene Glycol price followed a downward trajectory in North America due to the declining costs of its primary feedstock- propylene oxide with weakened downstream demand from pharmaceutical and personal care industries. In terms of supply, there were ample inventories in the market, and suppliers met the overall demand of regional and overseas buyers, which affected the Mono Propylene Glycol market. Fragile trading activity in Canada and Mexico also resulted in bearish market sentiments regarding Mono Propylene Glycol prices. However, towards the end of this quarter, the price trends for Mono Propylene Glycol started tipping towards the higher end of the scale, with values assessed at USD 3233/MT.

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