Propylene Prices | Current and Forecast
Monitor Propylene Prices Worldwide
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Monitor monthly Propylene price assessments covering 4 locations: United States, Europe, Southeast Asia and China. Also check Propylene price history since 2007 and forecasts.
The chart below is a sample of Intratec Primary Commodity Prices. Subscribe and access now current prices of 224 commodities, including Propylene.
Data Legend. The chart above shows Propylene price assessments in USA Dollar per metric ton (USD/mt) in 4 locations, as follows:
- PG, US: Propylene, polymer grade, United States, spot price, fob, Mont Belvieu
- RG, US: Propylene, refinery grade, United States, spot price, fob, formula, Mont Belvieu
- CG, US: Propylene, chemical grade, United States, spot price, fob, formula, Mont Belvieu
- PG, EUR: Propylene, polymer grade, Europe, contract price, ddp, Northwest Europe
- CG, EUR: Propylene, chemical grade, Europe, contract price, ddp, formula, Northwest Europe
- PG, SEA: Propylene, polymer grade, Southeast Asia, spot price, cfr
- PG, CN: Propylene, polymer grade, China, spot price, cfr
- RG, CN: Propylene, refinery grade, China, spot price, cfr, formula
- CG, CN: Propylene, chemical grade, China, spot price, cfr, formula
Data Use. Propylene prices are provided as an annual subscription where subscribers have access to reliable pricing data of 224 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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Propylene Price Outlook. The price of Propylene (PG) in United States increased during March 2019 to 739 USD per metric ton, which represents a slight rise of 2% compared to the previous month’s value. On a year-over-year basis, the prices of Propylene (PG) in United States decreased significantly by 21%. Meanwhile, the average price of Propylene (CG) in United Statesamounted to 684 USD per metric ton, from 861 USD per metric ton one year earlier. On a month-over-month basis, the price of Propylene (CG) in United States is 1% higher than the price one month before.
The price of Propylene (CG) in China declined slightly throughout March 2019, reaching 963 USD per metric ton. The price in China is 3% lower than the average price in the previous month and 13% lower than the average price one year before. In contrast, the prices of Propylene (PG) in China decreased modestly during March 2019, reaching 1,040 USD per metric ton, which means a decline of 3% from the previous month’s price and a decline of 13% from the previous year’s price.
The prices of Propylene (PG) in Southeast Asia experienced a significant decline of 177 USD per metric ton from the prior month's price, to 757 USD per metric ton. Such price movement in Southeast Asia meant a decrease of 19% on a monthly basis and a decrease of 29% on a yearly basis. On the other hand, in March 2019, the price of Propylene (CG) in Europe witnessed a decline of 27 USD per metric ton when compared against the previous month's price, to 904 USD per metric ton. The March 2019 price in Europe is 10% lower than the price one year before.
The average price of Propylene (PG) in Europe was 980 USD per metric ton on March 2019 – a little decrease of 30 USD per metric ton, or 3%, compared with the previous month. On a year-over-year basis, the price of Propylene (PG) in Europe is 9% lower than the price one year before.
About Propylene. Propylene (a.k.a. Propene, Methyl Ethylene) has been established as a major component of the global olefins business, second only to ethylene. 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.
On a global scale, the predominant source of Propylene is derived from NGL (Natural Gas Liquids) or naphtha steam crackers, which concurrently generate ethylene in the so called 'olefins plants.' Within a plant, the synthesis of Propylene involves the pyrolysis of the incoming feed, followed by subsequent purification steps. With the exception of ethane-based feedstocks, the production of Propylene typically ranges from 40 to 60 wt% of the ethylene yield. The specific yield of Propylene in the pyrolysis furnace is influenced by the choice of feedstock and the operating conditions. Furthermore, Propylene can also be intentionally generated in dedicated processes such as propane dehydrogenation or metathesis plants.
Other forms that generate Propylene as a by-product are the refinery cracking processes, especially fluid-catalytic cracking (FCC). In this case, coking units can transform, by severe cracking, crude oil residues into gas oil, coke, gasoline, and a smaller portion of cracked gas with 10-15 mol% C3, which is almost Propylene. This cracked gas containing Propylene can also be formed in visbreaker units but by a mild cracking process. Lastly, Propylene can also be intentionally generated in dedicated processes such as propane dehydrogenation or metathesis plants, which have been developed commercially due to an increase in Propylene derivatives demand, such as polypropylene, since the 1980s.
Propylene Handling. Liquid propylene exhibits different storage methods depending on the volume and specific requirements. It can be stored at ambient temperature in spherical pressure tanks, but for exceedingly large quantities, storage at an ultra-low temperature of -47 °C, where the propylene is nearly pressureless, becomes more suitable. When it comes to transportation, propylene is commonly transported via road and rail using cylindrical pressurized tanks maintained at ambient temperature. Railway tankers for propylene transportation typically have a capacity of 42 tons. For road transport, the maximum allowable weight of around 40 tons restricts the propylene load to approximately 20 tons. In ship transportation, a combination of smaller pressurized tanks and larger atmospheric tanks equipped with reliquefaction devices are employed to ensure safe and efficient delivery.
Propylene Production. As previously mentioned, the largest volume of PG Propylene is produced from NGL or naphtha in steam cracking processes, which generates ethylene as well. However, it can also be manufactured through other routes, based on propane dehydrogenation, metathesis or syngas-to-olefins processes. Raw materials and the respective production processes employed in the manufacturing of Propylene are listed below.
- 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)
Propylene Uses.The uses and applications of Propylene may vary according to its specification. The main forms of Propylene are polymer grade (PG, 99.5% minimum purity); chemical grade (CG, 90-96% minimum purity); and refinery grade (RG, 50-70% minimum purity).
The propylene market is predominantly driven by Polymer Grade Propylene, which serves as the main source in the production of polypropylene and propylene oxide. On the other hand, most chemical derivatives (e.g. oxo-alcohols, acrylonitrile, etc.) are directly derived from the less pure Chemical Grade Propylene. For Refinery Grade Propylene, the main use is the conversion to PG or CG Propylene. It is also used in liquefied petroleum gas (LPG) for thermal applications or as an octane enhancer in motor gasoline. On a smaller scale, it is used in the synthesis of cumene and isopropanol. Finally, Chemical Grade Propylene has its main application in the production of chemical products.
Intratec Methodology. Intratec Primary Commodity Prices are produced from a data-driven, mathematical approach, which starts with the extraction of data from various primary sources, including official trade records, futures market, statistics bureaus, governmental and international agencies. Such large volume of data is validated through advanced data processing techniques, and treated by means of statistical analysis for outliers removal. When faced with input gaps, data scientists and engineers employ mathematical models or machine learning techniques to estimate prices and ensure the completeness of the price assessments presented. (learn more ).