Chemical Grade Propylene Prices
Chart Description. This chart presents Chemical Grade Propylene prices in several countries, as follows:
Chart Instructions. Hover the mouse over the series to view the respective Chemical Grade Propylene prices plotted. You can filter a given Chemical Grade Propylene price series by clicking on the respective legend label, right above the chart.
About Chemical Grade Propylene. Propylene (a.k.a. Propene, Methyl Ethylene) has been established as a major component of the global olefins business, second only to ethylene. Propylene is available either as a pure stream (PG or CG) or as a mixed propane-propylene (RG). The propylene market is dominated by the PG propylene, which is mainly used in polypropylene manufacturing. Having one double bond, this was the first petrochemical employed on an industrial scale, and is the second in natural abundance. Being a byproduct in ethylene production, propene’s development and expansion grew tremendously since 1965, due to ethylene's success as a chemical building block. Nowadays, it is a major industrial chemical intermediate, serving as building block for an array of chemical and plastic products.
Chemical Formula. C3H6
Commercial Grades. Polymer grade
Uses. Propylene is a major industrial chemical intermediate that serves as building block for an array of chemical and plastic products. The Propylene market is dominated by the PG Propylene, which is mainly used in polypropylene production. PG Propylene is also used in propylene oxide manufacture. The other grades of Propylene are used for different applications. CG Propylene is used extensively for most chemical derivatives (e.g., oxo-alcohols, acrylonitrile, etc.). RG Propylene, which is obtained from refinery processes, is used in liquefied petroleum gas (LPG) for thermal purposes or as an octane-enhancing component in motor gasoline. It can also be used in some chemical syntheses (e.g., cumene or isopropanol). The most significant market for RG Propylene, however, is the conversion to PG or CG Propylene.
- Ethylene + 2-butene (metathesis reaction)
- Natural gas liquids/ naphtha (stream cracking, coproduced ethylene)
- Propane (dehydrogenation)
- Methanol (MTP process, coproduced with gasoline)
- Vacuum gas oil (fluid catalytic cracking, coproduced propane, C4 fraction, C5+, naphtha, fuel oil)
To know more about Chemical Grade Propylene production processes, click here.
Derivatives. Propylene is used as raw material in the production of the following derivates: Polypropylene; Acrylonitrile; Acrylic acid; Oxo-alcohols; Propylene oxide; Cumene; Acetone; Butanol
Methodology. The chemicals pricing data presented are, if not otherwise indicated, volume-weighted average transaction prices including contract and spot transactions in the locations specified. The information provided is obtained from gathering and refining of trade data officially reported for the respective countries (i.e., governmental agencies, institutions related to foreign trade and industry publications). For further details check our Chemicals Pricing Data Methodology.
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