Ethane Price | Current and Forecast
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See monthly Ethane prices in 5 locations: United States, Middle East. Also check Ethane price history since 2007 and forecasts. The chart below is a sample of Intratec Primary Commodity Prices - subscribe now and gain access to current prices of 237 commodities, including Ethane.
Data Legend. The Ethane price chart shows the prices in USA Dollar per metric ton (USD/mt) in 2 locations, as follows:
- US: Ethane, United States, spot, fob, Mont Belvieu
- MDE: Ethane, Middle East, spot, exw, Saudi Arabia
Data Use. Ethane prices are provided as an annual subscription where subscribers have access to reliable pricing data of 237 commodities worldwide. To better understand data provided by Intratec Primary Commodity Prices, check the following documents: Price Assessment Basis , Commodities Specifications , Methodology , User Guide , and Glossary .
Intratec Primary Commodity Prices
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Price Dynamics. The Ethane price in United States decreased during November 2018 to 242 USD per metric ton, which represents a considerable decline of 22% compared to the previous month’s value. On a year-over-year basis, Ethane prices in United States increased significantly by 24%. Meanwhile, in Saudi Arabia, the average price of Ethane did not change, from 86 USD per metric ton one year earlier. On a month-over-month basis, the Ethane price in Saudi Arabia was flat.
About Ethane. Ethane is an organic compound, in the paraffinic hydrocarbon class. It is a colorless, odorless gas, very sparingly soluble in water but soluble in ether, alcohol and highly soluble in benzene. Ethane is the second-largest component of natural gas, the first one being methane. First synthesized in 1834, ethane is today mostly used for ethylene production. Ethane consumption in the United States has increased during the past several years, being the most consumed hydrocarbon gas in the US since 2013.
Ethane is stored as a cryogenic liquid since it is an extremely flammable gas at room temperature. Exposure to elevated temperatures can cause ethane to decompose. Avoid contact with oxidizing materials such as chlorine, halogens, oxygen, and ozone. Direct contact with liquid ethane can result in severe frostbite. At storage and transportation, ethane should be handled with care as ethane vapors can displace the oxygen available for breathing since they are heavier than air. If the vapors encounter an ignition source, the chemical reaction can flash back to the source of ethane from which they evaporated. Due to being a relatively difficult gas to liquify and transport in bulk, Ethane is traditionally not traded overseas, but instead transported through pipeline hubs to consumers, mostly other industrial facilities. It can, however, be transported in ethylene carriers, ships equipped with type C semi-pressurized containment systems, with capacities ranging between 1500 and 15000 cubic meters.
Raw materials and the respective production processes employed in the manufacturing of Ethane are listed below.
- Natural gas (fractionation)
The uses and applications of Ethane may vary according to its specification. The main forms of Ethane are technical grade (95% purity); chemically pure (CP, 99% purity) grade; research grade (99.999% purity); and ultra high-purity (UHP, 99.95% purity).
