LPG Prices: Latest Price, News, Market Analysis, Historical & Forecast, Database, Chart

Product Name	LPG
HS Code	73110010
Synonyms	Liquefied petroleum gas, Liquid petroleum gas (LP gas)
Region/Countries for which Data is available	Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece, North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency	US$ (Data can also be provided in local currency)
Post-Sale Analyst Support	360-degree analyst support after service delivery

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Liquefied petroleum gas (LPG) is a combination of hydrocarbon gases. It is a highly flammable gas and is mainly comprised of butane and propane and from fossil fuels in commercial production. It can also be liquefied using pressurization (without requiring cryogenic refrigeration) for convenient storage and transportation.

It has high caloric as well as heating value, making it an ideal source of energy as it provides a high level of heat in a short period. It does not contain sulphur which makes it a clean, burning substance. It is commonly sold in gas cylinders and is convenient, portable, and easy to store and transport.

The top LPG producing countries in the world are United States, Qatar, United Arab Emirates, Canada, and Saudi Arabia.

Key Details About the LPG 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 LPG 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 LPG price analysis, pricing database, and chart can prove valuable for the 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 LPG Price Trend:

LPG’s primary Industrial uses impacting its price trend is its usage in household purposes, mainly in cooking, or as a healing fuel in cooking equipment. Besides, LPG is also employed in automobiles as an Autogas. Its use as an aerosol propellant and a refrigerant is rapidly increasing. It is gradually being substituted for chlorofluorocarbons (CFCs) because it is safer for the environment and the ozone layer. It is also crucial for commercial, industrial, horticulture, agriculture, and manufacturing applications.

Key Market Players:

• Gazprom PAO
• Royal Dutch Shell Plc
• Exxon Mobil Corporation
• Total SA
• BP Plc

News and Events:

• September 21, 2022- There has been a renewed interest in the LNG spot market by a few Indian companies as they are now issuing tenders like Asian spot LNG prices ebb from the latest highs and low demand. However, only a few of these tenders have been awarded due to low demand caused by high LNG prices.

We Provide Lots of Industries Reports With Full Analysis, For That You Should Visit Our Procurement Resource Website, Apart From This, We Also Provide the Latest Price Trends of Various Products Including propane price chart and citric acid price.

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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 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 track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

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