Propylene Price Trends
Procurement Resource provides latest prices of Propylene. 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.
Procurement Resource provides prices of Propylene for several regions around the globe, which are as follows:
- North America
- South America
- Asia Pacific
- Middle East
Propylene, an unsaturated organic compound, is basically a colourless gas with a faint petroleum like odour. It can be produced as a by-product from naphtha crackers, among other production methods. It is used as the raw material to produce a variety of products and serves as a significant starting material in the petrochemical industry. It is majorly used to produce polypropylene, a polymer used in various end use sectors.
Chemical Formula of Propylene:
- Fuels and fuel additives
- Laboratory chemicals
- Polymer intermediate.
- Polymer pellet production
- Processing aids
- Production of Propylene via Steam Cracking
Steam cracking is the dominant technology for producing propylene. The naphtha is one of the major feedstocks used in the process. Propane obtained from these feedstocks undergoes dehydrogenation to finally produce Propylene, where the by-product is hydrogen.
- Saudi Basic Industries Corporation (SABIC)
- INEOS Capital Limited
- Dow Chemical Company
- LyondellBasell Industries Holdings B.V.
- BASF SE
- Chevron Phillips Chemical Company LLC
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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).