Current Prices, Historical Series and Forecasts in Several Countries
Introduction. Intratec provides Propane prices in several countries, as follows:
About Propane. Propane is an alkane which occurs naturally in petroleum and natural gas. Propane is in the group of liquefied petroleum gases (LPG) along with butane, propylene, butylene, isobutylene. It is hardly found in nature, besides petroleum deposits. Propane was discovered in 1857; however, it only became industrially produced in the start of the twentieth century, when started being a component in gasoline in the United States. It is widely used in domestic applications and in the chemical industry.
Chemical Formula. C3H8
Commercial Grades. HD5 (customer grade, min. 90% purity, max. 5% propylene); HD10 (max. 10% propylene)
Uses. Propane is mainly employed as fuel for heating applications and engines; in the production of a host of organic chemicals in steam cracking; and propellant.
- Liquefied petroleum gas (fractionation, coproduced with butanes).
Derivatives. Propane is used as raw material in the production of ethylene, propylene and acrylonitrile.
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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