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Energy Price Monitor
Propane
Propane Price Forecast and History
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, 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.

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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 Price History and Forecast

Monitor Propane Prices Worldwide

See monthly Propane prices in 35 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.

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Propane

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Data Legend. The Propane 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: spot, fob, Mont Belvieu
  • Germany: transaction, cif
  • China: spot, cfr
  • Japan: transaction, cfr
  • Saudi Arabia: contract, fob
  • Brazil: transaction, cif
  • Singapore: transaction, cif
  • South Africa: transaction, cif
  • Belgium: transaction, cif
  • Indonesia: transaction, cif
  • Turkey: transaction, cif
  • Thailand: transaction, cif
  • Russia: transaction, fob
  • India: transaction, cif
  • Netherlands: transaction, cif, ARA
  • South Korea: transaction, cif
  • Philippines: transaction, cif
  • Colombia: transaction, cif
  • Australia: transaction, cif
  • United Kingdom: transaction, fob
  • Finland: transaction, cif
  • France: transaction, cif
  • United Arab Emirates: transaction, fob
  • Canada: transaction, fob
  • Chile: transaction, cif
  • Czech Republic: transaction, cif
  • Hungary: transaction, cif
  • Italy: transaction, cif
  • Mexico: transaction, cif
  • Morocco: transaction, cif
  • Norway: transaction, cif
  • Poland: transaction, cif
  • Sweden: transaction, fob
  • Taiwan: transaction, cif
  • Ukraine: 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 the following documents: Price Assessment Basis , Commodities Specifications , Methodology , User Guide and Glossary .

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. 

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About Intratec Energy Price References. Subscription-based product which monthly delivers trustworthy prices of energy commodities worldwide. Essentially, it covers:

  • Latest monthly prices of 13 energy commodities, including: Butane, Coal, Crude Oil, Diesel, Electricity, Ethanol, Gasoline, Petroleum Coke, Fuel Oil, Kerosene, Naphtha, Natural Gas and Propane
  • Prices in 35 key countries, grouped by 6 world regions:

    • 1 Americas: United States, Canada, Mexico, Brazil, Chile, Colombia
    • 2 West Europe: Germany, France, Italy, Belgium, Netherlands, United Kingdom
    • 3 Central & North Europe: Sweden, Norway, Finland, Poland, Czech Republic, Hungary
    • 4 Southeast Asia & Oceania: Australia, Singapore, Indonesia, Thailand, Philippines, India
    • 5 East Europe & North Asia: China, Japan, Russia, South Korea, Taiwan, Ukraine
    • 6 Africa & Middle East: Saudi Arabia, South Africa, Turkey, Morocco, United Arab Emirates
  • Historical prices since January 2007
  • Short-term forecasts covering a rolling 9 months forward

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.

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