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The United States export market of Propylene Glycol has observed a renewed sense of momentum in early December ****. The market driving dynamics behind the price rise have varied between the two grades and has reflected the different consumption rhythms in their respective downstream sectors. The procurers of pharmaceutical-grade Propylene Glycol were adequately stocked due to conservative buying in November that has softened their urgency at the start of the month. The increase for the pharma grade Propylene Glycol was modest as most buyers were focused on controlled drawdowns and disciplined inventory management. In contrast, the industrial-grade Propylene Glycol has witnessed visibly firmer demand. Several industrial consumers have entered December with comparatively tighter stocks which has amplified their procurement needs and created a more competitive buying environment. The suppliers have recognized this imbalance and have adopted a strategic pricing approach and raised their offers in line with the...
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