Propylene Price Chart, Historical and Forecast Analysis Provided by Procurement Resource

Propylene is a non-toxic fuel gas and is also known as propene. It has a double bond which makes it highly flammable and hotter as a result it is replacing propane gradually. It is colorless and give off effervescence of petroleum. It has the molecular formula C3H6 and a molecular weight of 42.06g/mol. Its boiling point is -47.6oC.

It is obtained when gasoline is refined and another way of producing it is to split, break or reform hydrogen and carbon compounds. Many industries rely on it for their fuel requirements.

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It is also used as a raw material for the production of complex chemical compounds and polymers.

The key importing countries for Propylene across the globe are India, the United States and Vietnam and the key exporting countries are Germany, South Korea and Netherlands.

Key Details About the Propylene Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Propylene price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Propylene Price chart, including India Propylene price, USA Propylene price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Propylene Price Trend:

The current trend in Propylene prices is noteworthy, especially considering its pivotal role in meeting the fuel demands of chemical and plastic industries. With a double bond on the first carbon, Propylene emerges as a proficient alternative to propane, further enhancing its utility. It serves as a crucial fuel in high-velocity oxygen fuel processes and acts as a fundamental ingredient for various chemical compounds essential for pharmaceutical and cosmetic production.

Moreover, its polymerization facilitates the creation of polyPropylene plastic, renowned for its heat resistance and durability in manufacturing various plastic products. Beyond this, Propylene extends its versatility by functioning as a refrigerant, a vital chemical intermediate, and aiding in the analysis of burner and engine efficiency.

Additionally, in the realm of manufacturing fibers, resins, and elastomers, Propylene plays a significant role, contributing to the overall efficiency and innovation within these sectors. Keeping an eye on the Propylene Price Trend, Price Index, and fluctuations depicted in the Price Chart and Graph is crucial for stakeholders navigating these industries.

Key Players:

  • Saudi Basic Industries Corporation (SABIC)
  • INEOS Capital Limited
  • Dow Chemical Company
  • LyondellBasell Industries Holdings B.V.
  • Chevron Phillips Chemical Company LLC

Recent News

  • June 28, 2023: FOB Korea prices were recorded at USD 705-715/mt on June 27. The registered gain was USD 5/mt, juxtaposing to the recorded prices of June 26, 2023.

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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

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