Energy Price Monitor
Propane
Propane Price Forecast and History
Propane
Propane
Propane
C3H8
HD5 (customer grade, 90% minimum purity, maximum 5% propylene) and HD10 (maximum 10% propylene).
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.
ethylene; propylene; and acrylonitrile.

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, and 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 worldwide.

Propane trade can proceed in the spot market for immediate delivery. Spot prices, unlike contract prices, depend on commodity availability and are vulnerable to disruptions like plant closures, natural disasters, supply shortages, or changes in regulations by country governments. Conversely, lower demand and increased producer inventories tend to drive spot prices down.

Propane Handling. Propane should be stored in cylinders as a liquid with a vapor space above, in cool, dry, well-ventilated areas, away from direct sunlight. Bulk quantities of Propane are usually transported by pipeline, rail, ships, barge, or tankers. The maximum capacity of a pressurized ship transporting Propane is limited to about 2,000 m3 due to high manufacturing costs. Semirefrigerated ships usually hold 2,500 – 5,000 m3, with fully refrigerated ships having capacities up to 100,000 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 Uses. 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.

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<p><b>About Propane Prices.</b> Propane is in the group of liquefied petroleum gases (LPG) along with butane, propylene, butylene, isobutylene. It is a versatile fuel mainly employed as fuel for engines and heating applications (domestic and industrial. It is also used as raw material in the production of a host of chemicals such as propylene and ethylene.</p><p>Weather conditions are major drivers of propane prices. The demand for propane is often highest during the winter months when it is used for heating purposes. Conversely, demand can be lower during the summer months, which may lead to lower prices. Additionally, unexpected events, such as natural disasters or pipeline disruptions, can impact the supply of propane and cause prices to rise.</p><p>Production costs are another important factor that can influence propane prices. The cost of extracting and refining propane can vary based on market conditions, transportation costs, and infrastructure investments.</p><p>Government policies and taxes can impact propane prices as well. In some countries, governments provide subsidies or tax incentives to encourage the use of propane as a cleaner fuel source. However, taxes can also increase the cost of propane, particularly if they are applied to transportation fuels.</p><p>Additionally, transportation costs can also influence propane prices. Propane is often transported via pipeline, or in cylinders in railcars, ships, barges or tankers, all of which can be affected by fuel prices and infrastructure limitations. Additionally, transportation costs can vary depending on the distance between the production site and end-user.</p><p>In this context, having access to reliable price data of propane is crucial in a wide range of situations, such as studies on energy-related costs, development of feasibility studies, screening and assessing investment options.</p>
Data Type: chem-pricing
Prices
Intratec provides Propane prices in several countries, as follows:

Propane Prices By Country

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Monitor monthly Propane prices by country. Also check Propane price history since 2007 and forecasts.

The chart below is a sample of Intratec Energy Price References. Subscribe and get now current prices of Propane and other key energy commodities in 33 strategic countries, grouped by 6 world regions.

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Data Legend. The chart shows Propane prices in United States, in USA Dollar per metric ton (USD/mt), as follows:

  • Propane, spot, US (United States): Propane, spot price, fob, Mont Belvieu
  • Propane, imp, BR (Brazil): Propane, import spot price, cif, Brazil
  • Propane, imp, CO (Colombia): Propane, import spot price, cif, Colombia
  • Propane, exp, CA (Canada): Propane, export transaction price, fob, Canada
  • Propane, imp, CL (Chile): Propane, import spot price, cif, Chile
  • Propane, imp, MX (Mexico): Propane, import spot price, cif, Mexico
  • Propane, imp, DE (Germany): Propane, import spot price, cif, Germany
  • Propane, imp, BE (Belgium): Propane, import spot price, cif, Belgium
  • Propane, imp, NL (Netherlands): Propane, import spot price, cif, ARA
  • Propane, exp, GB (United Kingdom): Propane, export transaction price, fob, United Kingdom
  • Propane, imp, FI (Finland): Propane, import spot price, cif, Finland
  • Propane, imp, FR (France): Propane, import spot price, cif, France
  • Propane, exp, NO (Norway): Propane, export transaction price, fob, Norway
  • Propane, imp, SE (Sweden): Propane, import spot price, cif, Sweden
  • Propane, imp, CZ (Czech Republic): Propane, import spot price, cif, Czech Republic
  • Propane, imp, HU (Hungary): Propane, import spot price (formula), cif, Hungary
  • Propane, imp, IT (Italy): Propane, import spot price (formula), cif, Italy
  • Propane, imp, PL (Poland): Propane, import spot price, cif, Poland
  • Propane, imp, ES (Spain): Propane, import spot price, cif, Spain
  • Propane, imp, SG (Singapore): Propane, import spot price, cif, Singapore
  • Propane, imp, ID (Indonesia): Propane, import spot price, cif, Indonesia
  • Propane, imp, TH (Thailand): Propane, import contract price, cif, Thailand
  • Propane, imp, IN (India): Propane, import contract price, cif, India
  • Propane, imp, PH (Philippines): Propane, import contract price, cif, Philippines
  • Propane, exp, AU (Australia): Propane, export transaction price, fob, Australia
  • Propane, imp, CN (China): Propane, import spot price, cfr, China
  • Propane, imp, JP (Japan): Propane, import spot price, cfr, Japan
  • Propane, exp, RU (Russia): Propane, export spot price, fob, Russia
  • Propane, imp, KR (South Korea): Propane, import spot price, cif, South Korea
  • Propane, imp, TW (Taiwan): Propane, import contract price, cif, Taiwan
  • Propane, exp, SA (Saudi Arabia): Propane, export contract price, fob, Saudi Arabia
  • Propane, imp, ZA (South Africa): Propane, import contract price, cif, South Africa
  • Propane, imp, TR (Turkey): Propane, import spot price, cif, Turkey

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 33 strategic countries worldwide. To better understand data provided by Intratec Energy Price References, check: Price Assessment Basis , Methodology , User Guide and Glossary .

Track Gasoline Prices in 33 Countries

Southeast Asia

6 Countries Covered

Northeast Asia

5 Countries Covered

Africa & Middle East

3 Countries Covered

Propane Price Outlook. The Propane price in United States decreased during April 2019 to 344 USD per metric ton, which represents a decline of 4% compared to the previous month’s value. On a year-over-year basis, Propane prices in United States decreased significantly by 22%. Meanwhile, in Brazil, the average price of Propane amounted to 381 USD per metric ton in April 2019, from 415 USD per metric ton one year earlier. On a month-over-month basis, the Propane price in Brazil is 0.5% lower than the price one month before.

The price of Propane in Colombia declined slightly throughout April 2019, reaching 462 USD per metric ton. The price in Colombia is 1% lower than the average price in the previous month and 18% lower than the average price one year before. In contrast, Propane prices in Canada decreased during April 2019, reaching 360 USD per metric ton, which means a decline of 6% from the previous month’s price and a decline of 5% from the previous year’s price. 

In the month examined, the Propane prices in Chile were flat and a decrease of 19% on a yearly basis. On the other hand, in April 2019, the Propane price in Mexico witnessed a decline of 14 USD per metric ton when compared against the previous month's price, to 403 USD per metric ton. The April 2019 price in Mexico is 25% lower than the price one year before. 

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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, and 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 worldwide.

Propane trade can proceed in the spot market for immediate delivery. Spot prices, unlike contract prices, depend on commodity availability and are vulnerable to disruptions like plant closures, natural disasters, supply shortages, or changes in regulations by country governments. Conversely, lower demand and increased producer inventories tend to drive spot prices down.

Propane Handling. Propane should be stored in cylinders as a liquid with a vapor space above, in cool, dry, well-ventilated areas, away from direct sunlight. Bulk quantities of Propane are usually transported by pipeline, rail, ships, barge, or tankers. The maximum capacity of a pressurized ship transporting Propane is limited to about 2,000 m3 due to high manufacturing costs. Semirefrigerated ships usually hold 2,500 – 5,000 m3, with fully refrigerated ships having capacities up to 100,000 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 Uses. 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.

Intratec Methodology. Intratec Energy Price References are produced from a data-driven, mathematical approach, which starts with the extraction of data from various primary sources, including official trade records, 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 ).

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