A well-placed market source in Pakistan reports that a China-based trading house has extended an offer for Propylene Glycol of Singapore origin, pricing the cargo at USD 1,385 per metric ton. The shipment is scheduled for October 2025 delivery and is being quoted on a CFR Karachi port basis, with payment terms set as a letter of credit at sight.
The bid has drawn attention within the regional petrochemical trade because it arrives at a time when buyers and sellers are carefully tracking freight trends and feedstock costs. Importers in Pakistan are weighing the offer against prevailing benchmarks, noting that Singapore-origin Propylene Glycol is often sought for its consistent quality and steady supply chain.
While no immediate confirmation of a concluded deal has emerged, market participants say the price point reflects the current firmness in Asian glycol values and the cautious optimism surrounding fourth-quarter demand. Traders and end users alike are expected to monitor the development closely as negotiations unfold in the days ahead.
