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Request for Real Time Propane Prices: https://www.procurementresource.com/resource-center/propane-price-trends/pricerequest
Propane is the third component in the paraffin series and is a gaseous hydrocarbon made of carbon and hydrogen, after ethane and methane. It has the chemical formula C3H8, and its molecular weight is 44.097 g/mol.
It is commercially available as liquid propane or as a significant portion of liquefied petroleum gas after being isolated in sizable amounts from natural gas, light crude oil, and oil-refinery gases.
Propane has a low boiling point of -42.1°C, which causes it to liquefy easily at high pressures. As a result, it is shipped in tanks and cylinders as a liquid. This fuel, along with liquid butane, is essential for internal combustion engines used in both domestic and industrial settings.
The propane-producing regions are Saudi Arabia, Qatar, the United States, and Algeria.
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, 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:
In the process of steam cracking, propane is used as a feedstock to create base petrochemicals. It serves as the hot-air balloons’ main fuel source.
Silicon carbide is deposited using it in the manufacture of semiconductors. Propane is a common propellant in household aerosol sprays like shaving cream and air fresheners as well as a cooking fuel.
Additionally, propane is used to make propylene and to extract vegetable and animal lipids.
Key Market Players:
- AmeriGas Propane, Inc.
- Royal Dutch Shell (Shell)
- Saudi Arabian Oil Co.
- GAIL (India) Limited
- China Petrochemical Corporation (SINOPEC)
News and Events:
- 08 November, 2022: A strategic cooperation between SHV energy and the US-based GTI Energy was established in order to advance the development of a method for the on-demand, commercial generation of renewable propane.
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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.
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