This chart shows Propionic Acid price assessments in USA Dollar per metric ton (USD/mt) in 4 locations, as follows:
- Propionic Acid, US (United States): Propionic Acid, export transaction price, fob, United States
- Propionic Acid, CEU (Central Europe): Propionic Acid, import transaction price, cif, Norway
- Propionic Acid, SEA (Southeast Asia): Propionic Acid, import transaction price, cif, Thailand
- Propionic Acid, CN (China): Propionic Acid, bulk average price, fob, East China
The chart above is a sample of Intratec Primary Commodity Prices. Subscribe and access now current prices of 225 commodities, including Propionic Acid.
Data Use
Propionic Acid prices are provided as an annual subscription where subscribers have access to reliable pricing data of 225 commodities worldwide.
Intratec's methodology employs a structured big data strategy that utilizes advanced technologies to extract publicly available data from primary sources such as governmental trade records, statistics bureaus, and international agencies.
This data is then processed through mathematical models to generate reliable assessments, published at the very beginning of each month. To better understand the data provided check Intratec Primary Commodity Prices Methodology.
Data Delivery Methods
Propionic Acid price assessments are available via different delivery methods:
- Online charts
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Propionic Acid Price Outlook
Propionic Acid Price Outlook. The price of Propionic Acid (United States) decreased during May 2020 to 757 USD per metric ton, which represents a considerable decline of 9% compared to the previous month’s value. On a year-over-year basis, the prices of Propionic Acid (United States) decreased significantly by 36%. Meanwhile, the average price of Propionic Acid (China) amounted to 691 USD per metric ton, from 1,310 USD per metric ton one year earlier. On a month-over-month basis, the price of Propionic Acid (China) is 3% lower than the price one month before.
The price of Propionic Acid (Southeast Asia) declined throughout May 2020, reaching 1,110 USD per metric ton. The price is 7% lower than the average price in the previous month and 27% lower than the average price one year before. In contrast, the prices of Propionic Acid (Central Europe) increased modestly during May 2020, reaching 942 USD per metric ton, which means a rise of 0.7% from the previous month’s price and a decline of 16% from the previous year’s price.
About Propionic Acid
About Propionic Acid. Propionic Acid, also known as propanoic acid, is a carboxylic acid normally found in nature, mainly in the form of its esters in some essential oils. This fatty acid is also formed in a number of enzymatic and fermentation processes. Widely used in the production of cellulose esters, plastic dispersions and herbicides, Propionic Acid has gained importance over the past years for applications related to preservation of forage cereals and animal feeds.
On an industrial scale, Propionic Acid can be produced, mainly, by carbonylation of ethylene and oxidation of propionaldehyde, and as byproduct from hydrocarbons oxidation.
Propionic Acid Handling. Classified as corrosive, pure Propionic Acid can be stored in containers made of aluminum (with a purity of 99.5 %) or alloyed steels. This acid may also be temporarily stored in polyethylene containers and in polyethylene small packing drums.
Propionic Acid Production. Raw materials and the respective production processes employed in the manufacturing of Propionic Acid are listed below.
- Ethylene + carbon monoxide (Reppe hydrocarbonylation),
- Propionaldehyde + oxygen (carbonyl oxidation)
Propionic Acid Uses. The uses and applications of Propionic Acid may vary according to its specification. The main forms of Propionic Acid are minimum purity of 99.5 wt%.