Propane Price | Current and Forecast
Monitor Propane Prices Worldwide
Plans Starting at $149 USD /year
See monthly Propane prices in 32 strategic countries. Also check Propane price history since 2007 and forecasts. Subscribe now to Intratec Energy Price References and gain access to current prices of 13 key energy commodities, including Propane.
Data Legend. The Propane price chart shows the prices in USA Dollar per metric ton (USD/mt). For the world region Americas, check Propane prices in the following countries:
- US: Propane, United States, spot, fob, Mont Belvieu
- BR: Propane, Brazil, transaction, cif
- CO: Propane, Colombia, transaction, cif
- CA: Propane, Canada, transaction, fob
- CL: Propane, Chile, transaction, cif
- MX: Propane, Mexico, transaction, cif
- DE: Propane, Germany, transaction, cif
- BE: Propane, Belgium, transaction, cif
- NL: Propane, Netherlands, spot, cif, ARA
- GB: Propane, United Kingdom, transaction, fob
- FI: Propane, Finland, transaction, cif
- FR: Propane, France, transaction, cif
- NO: Propane, Norway, transaction, cif
- SE: Propane, Sweden, transaction, fob
- CZ: Propane, Czech Republic, transaction, cif
- HU: Propane, Hungary, transaction, cif
- IT: Propane, Italy, transaction, cif
- PL: Propane, Poland, transaction, cif
- SG: Propane, Singapore, transaction, cif
- ID: Propane, Indonesia, transaction, cif
- TH: Propane, Thailand, transaction, cif
- IN: Propane, India, transaction, cif
- PH: Propane, Philippines, transaction, cif
- AU: Propane, Australia, transaction, cif
- CN: Propane, China, spot, cfr
- JP: Propane, Japan, spot, cfr
- RU: Propane, Russia, transaction, fob
- KR: Propane, South Korea, transaction, cif
- TW: Propane, Taiwan, transaction, cif
- SA: Propane, Saudi Arabia, contract, fob
- ZA: Propane, South Africa, transaction, cif
- TR: Propane, Turkey, transaction, cif
Data Use. Propane prices are provided as an annual subscription where subscribers have access to trustworthy and independent pricing data of 13 key energy commodities in 35 strategic countries worldwide. To better understand data provided by Intratec Energy Price References, check: Price Assessment Basis , Commodities Specifications , Methodology , User Guide and Glossary .
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Price Dynamics. The Propane price in Brazil increased during July 2018 to 497 USD per metric ton, which represents a considerable rise of 8% compared to the previous month’s value. On a year-over-year basis, Propane prices in Brazil increased significantly by 27%. Meanwhile, in Canada, the average price of Propane amounted to 395 USD per metric ton in July 2018, from 330 USD per metric ton one year earlier. On a month-over-month basis, the Propane price in Canada is 5% higher than the price one month before.
The price of Propane in Chile rose slightly throughout July 2018, reaching 566 USD per metric ton. The price in Chile is 2% higher than the average price in the previous month and 37% higher than the average price one year before. In contrast, Propane prices in Colombia increased modestly during July 2018, reaching 578 USD per metric ton, which means a rise of 3% from the previous month’s price and a rise of 76% from the previous year’s price.
In the month examined, the Propane prices in Mexico experienced a modest rise of 21 USD per metric ton from the previous month's price, to 586 USD per metric ton. Such price movement in Mexico meant a rise of 4% on a monthly basis and a rise of 35% on a yearly basis. On the other hand, in July 2018, the Propane price in United States witnessed a rise of 31 USD per metric ton when compared against the previous month's price, to 502 USD per metric ton. The July 2018 price in United States is 45% higher than the price one year before.
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 it started being a component in gasoline in the United States. It is widely used in domestic applications and in the chemical industry.
It should be stored in cylinders as a liquid with a vapor space above, in cool, dry, well-ventilated areas, away from direct sunlight. Propane is usually transported by pipeline, rail, ships, barge or tankers. The maximum capacity of a pressurized ship transporting Propane is limited to about 2000 m3 due to high manufacturing costs. Semirefrigerated ships usually hold 2500 – 5000 m3, with fully refrigerated ships having capacities up to 100000 m3. Alternatively, cargo may be transferred into smaller coastal tankers for delivery of refrigerated products to smaller terminals which cannot receive large oceangoing ships.
Propane is mainly employed as fuel for engines and heating applications (domestic and industrial); in the production of a host of organic chemicals in steam cracking; as a refrigerator; and as a propellant.
