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Propane & Butane Prices Overview

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Market Overview

Quarterly Update on Global Propane & Butane Market

For the Quarter Ending December 2020

Asia

Demand for Propane & Butane in the Asian market remained strong as countries like China and India are majorly depended on imports of these gases. India imports around 70-80 percent of natural gas from middle east countries. The prices of Propane and Butane increased in Q4 2020, due to increase in prices of crude oil and natural gas in APAC region. Further, due to tight supply form Middle East countries, the spot prices of Propane and Butane were higher in October 2020. The prices of Propane and Butane stabilised in December 2020. Further, the import of Propane and Butane in China has surged in Q4. China is one of the largest consumers of LPG across the globe, with demand rising from petrochemical plants and new green field projects under construction. Therefore, Argus Media Group is working with companies in China to develop CFR Ningbo price index for china. The prices of Propane & Butane witnessed an upward trend and is anticipated to follow the same trend in Q1 2021.

Europe

Rise in demand for Propane & Butane is observed in European countries due to cold weather. The surge in demand of Propane & Butane has led to increase in prices in European market. Saudi Aramco of the major producer of Propane and Butane has set contract propane price at 375 USD /MT & Butane at 380 USD/MT respectively in October 2020. 10 USD/ MT price has raised of propane, 25 USD /MT of Butane compared to September 2020. The contract priced are mapped from uplifting the product from Saudi Arabian ports of Ras Tanura, Ju’aymah and Yanbu. The demand for Propane and Butane is anticipated to increase in coming months due to winter season, and prices of Propane and Butane is anticipated to reach more than 500 USD / MT in Q1 of 2021.

North America

Surge in demand for Propane and Butane is observed in North America with change in season, the crude oil prices and natural gas prices have gradually increased from September till December 2020 by 2-4% every month. With the consistent increment in prices of the feedstock crude oil and natural gas, Propane & Butane prices in the USA, Mexico and Canada took an uptrend later in the Q4 2020. The demand for Propane and Butane has jumped due to seasonality factor. The prices of Propane and Butane in the region were reported around 400 USD /MT in December 2020. A sudden rise in prices has been witnessed in spot market due to shortage of availability of gases in North America. The prices of Propane and Butane are anticipated to increase in Q1 2021 due to surge in demand and rising prices of natural gas and crude oil across the globe.

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Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Propane & Butane is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the Propane & Butane market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Propane & Butane manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Propane & Butane market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Propane & Butane market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on weekly, monthly and yearly basis.

Finally, region-specific markets for Propane & Butane are analyzed and region-wise demand pattern is tracked.

About

Propane & Butane are hydrocarbon gases derived from processing crude oil & natural gas. Propane and Butane are the major components of liquified petroleum gas used for cooking and heating purposes. The demand for Propane and Butane is derived from industrial and household consumers. Propane and Butane have high calorific value than natural gas, as natural gas is also directly used for cooking. The major advantage of using Propane and Butane over natural gas is its calorific value and end use application, Propane and Butane can directly be used in polymer industry. Propane and Butane have boiling temperature of -42°C and -2°C, therefore, propane is majorly preferred in colder climates for room heating and other heating application. The major end use for Propane & Butane are in household, commercial, industrial and transportation sector.

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Propane & Butane Prices Overview