Propane Price Trends

Procurement Resource provides latest prices of Propane. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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Chart Description: 

Procurement Resource provides prices of Propane for several regions around the globe, which are as follows:

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

About Propane:

Propane is basically a 3-carbon alkane. It is known to be in gaseous state at standard temperature and pressure, but it can easily be compressed to a transportable liquid state. It is also known as a by-product of natural gas. It is most commonly utilised as a fuel.

Chemical Formula of Propane: 

  • C3H8

    
Synonyms:

  • Dimethylmethane
  • Propyl hydride
  • n-Propane

Molecular Weight: 

  • 44.1 g/mol

Industrial Uses: 

  • Adhesives and sealant chemicals
  • Adsorbents and absorbents
  • Fuels and fuel additives
  • Functional fluids (for both open and closed systems)
  • Intermediates
  • Laboratory chemicals
  • Processing aids, specific to petroleum production
  • Propellants and blowing agents


Production Processes: 

  • Production of Propane via Natural Gas; and via Petroleum Refining Process.

Production of Propane via natural gas involves the running of crude oil via gas trap in order to separate it into wet gas and oil. This step is followed by several other processes to obtain LPG, which is further finally divided into butane, isobutane and Propane.

Procurement Resource also provides the production cost analysis of Propane.

Supplier Database: 

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

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Contact us for any specific request related to Propane.

Methodology: 

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).