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In the first quarter, the Propylene Glycol Price in the North American region remains bullish throughout the quarter. In the first half of the quarter, the feedstock Propylene shortages batter down the production rates in one of the most extensive facilities after the fire broke out in December last week. The cost support from the upstream energy values staggers on a higher trajectory as the OPEC+ alliance stagnant on the decision to slowly increase the crude oil production against the rapid growth in demand, followed by the commodity gyration due to the conflict in the eastern European region. Such development in the outlook supported producers' will to raise the offered quotations for Propylene Glycol, and the FOB West Coast discussions for PG Pharma Grade in March assessed at USD 3055 per tonne.
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Contact No:- +13322586602
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