Propane Price Chart, Historical and Forecast Analysis Provided by Procurement Resource

 Propane or liquefied petroleum gas (LPG) (C3H8) is a three-carbon alkane which is derived as a co-product of crude oil and natural gas refining. The gas is a member of the hydrocarbon family and is colourless and odourless.

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Its respective melting and boiling point is -187.7°C (-305.9°F) and -42.25°C (-44.05°F). It does not dissolve in water but has solubility in organic solvents like acetone and ethanol.

Key Details About the Propane Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Propane price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Propane Price Trend, including India Propane price, USA Propane price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Propane Price Trend:

Propane is a key feedstock used to produce petrochemicals like propylene and polypropylene, as well as a refrigerant. As it is a clean-burning fuel, it is used to fuel vehicles as a petrol and diesel substitute. In addition to its use as a fuel, it is used to heat up houses, businesses, and commercial facilities.

Read Also - https://procurementresource.blogspot.com/2023/06/olive-oil-price-trend.html

Furthermore, it is employed in many agricultural and industrial applications to power kilns, forklifts, boilers, and irrigation pumps. Other factors besides its applications that influence the demand for the commodity include agricultural production, industrial output, economic growth, fuel pricing, environmental laws, and the availability of other alternative fuels.

Key Players:

• AmeriGas Propane, Inc
• Royal Dutch Shell (Shell)
• Saudi Arabian Oil Co
• GAIL (India) Limited
• China Petrochemical Corporation (SINOPEC)

News & Recent Development

• 1 June 2023- Propane price reduction by Saudi Aramco negatively impacted Gujarat gas, bringing costs to $9.8 per MMBtu in the Morbi region.

About Us:

Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

Contact Us:

Company Name: Procurement Resource
Contact Person: Amanda Williams
Email: sales@procurementresource.com
Toll-Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA

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Propane Price History and Forecast Analysis Provided by Procurement Resource

 Propane is a hydrocarbon gas composed of carbon and hydrogen. The chemical formula of propane is C3H6. Furthermore, it is the third component in the paraffin series, following ethane and methane.

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After being extracted in substantial proportions from natural gas, light crude oil, and oil-refinery gases, it is commercially available as liquid propane or as a significant percentage of liquefied petroleum gas.

Due to its low boiling point of -42.1 °C, propane liquefies easily under high pressure. As a result, it is transported as a liquid in tanks and cylinders.

It is critical for internal combustion engines used in both residential and industrial settings, as well as for liquid butane.

The main exporters of propane liquefied are Qatar, the United States, United Arab Emirates, Canada, and Saudi Arabia. On the other hand, the leading importers of propane liquefied are China, Japan, India, Italy, and the United Kingdom.

Key Details About the Propane Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Propane price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Propane Price chart, including India Propane price, USA Propane price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Propane Price Trend:

Propane is a common heating fuel for buildings and residences, especially in locations where natural gas is unavailable. It is utilised as a fuel in vehicles such as forklifts, buses, and trucks.

It powers irrigation pumps, grain dryers, and other farm machinery. It is used to power furnaces, boilers, and other industrial machinery.

On the other hand, it is utilised as a fuel in commercial kitchens and restaurants for cooking and heating.

In some refrigeration systems, propane is utilised as a refrigerant. Additionally, It is used as a feedstock for the production of petrochemicals such as propylene, which is used to make plastics, synthetic fibres, and other products, as well as a generator fuel.

Key Players:

• AmeriGas Propane, Inc.
• Royal Dutch Shell (Shell)
• Saudi Arabian Oil Co.
• GAIL (India) Limited
• China Petrochemical Corporation (SINOPEC)

Recent News:

• February 19, 2023: Following Reliance Industries Ltd., headed by Mukesh Ambani, the largest gas company GAIL is attempting to import ethane from the United States to replace natural gas and naphtha as feedstock for its petrochemical facilities. GAIL is now thinking about using ethane instead of propane and naphtha to make ethylene its Pata HDPE and LLDPE operations. By moving from ethane to propane and using naphtha to make ethylene, Reliance is expected to have saved about USD 450 million annually.

About Us:

Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

Contact Us:

Company Name: Procurement Resource
Contact Person: Amanda Williams
Email: sales@procurementresource.com
Toll Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA

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Propane Price Trend Analysis, Historical Chart and Forecast

With the chemical formula C3H8, propane is a colourless, easily liquefied, gaseous hydrocarbon, which is a compound of carbon and hydrogen. It is the third member of the paraffin series, followed by methane and ethane. Propane is split into huge volumes from natural gas, light crude oil, and oil refinery gases and is industrially accessible as liquefied propane or as a main component of liquefied petroleum gas (LPG).

Request for Real Time Propane Prices: https://www.procurementresource.com/resource-center/propane-price-trends/pricerequest

Moreover, propane is an essential raw material for the ethylene petrochemical sector, just as ethane and other paraffin hydrocarbons. Though a gas is at a regular atmospheric pressure, the boiling point of propane is -42.1° C, which is easily liquefied in higher pressures.

The main exporters of propane liquefied are Qatar, the United States, United Arab Emirates, Canada, and Saudi Arabia. On the other hand, the key importers of propane liquefied are China, Japan, India, Italy, and the United Kingdom.

Key Details About the Propane Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Propane price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Propane Price chart, including India Propane price, USA Propane price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Propane Price Trend:

Propane exhibits a high-octane rating, making it an exceptional choice for spark-kindled internal ignition engines. Propane is considered a popular substitute for fuel due to its easy domestic availability, high-power intensity, clean-burning qualities, and comparatively less costly. Additionally, propane’s primary utilisation includes heating homes and water, cooking and refrigerating food, drying clothes, and powering farms and industrial equipment. Moreover, it is also used in the chemical sector as a raw material for producing plastics and other compounds.

Key Players:

• AmeriGas Propane, Inc.
• Royal Dutch Shell (Shell)
• Saudi Arabian Oil Co.
• GAIL (India) Limited
• China Petrochemical Corporation (SINOPEC)

News & Recent Development:

• February 19, 2023: The leading gas company GAIL is seeking to import ethane from the United States to substitute natural gas and naphtha as feedstock for its petrochemical plants, replicating the approach of Reliance Industries Ltd., led by Mukesh Ambani. GAIL is now considering substituting propane and naphtha with ethane for ethylene manufacturing at Pata HDPE and LLDPE facilities. Reliance is projected to have saved around USD 450 million per year with ethane switching to propane and naphtha utilised in the production of ethylene.

About Us:

Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

Contact Us:

Company Name: Procurement Resource
Contact Person: Amanda Williams
Email: sales@procurementresource.com
Toll Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA

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