LPG price Chart, Historical and Forecast Analysis Provided by Procurement Resource
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Request for Real Time LPG Prices: https://www.procurementresource.com/resource-center/lpg-price-trends/pricerequest
Liquified petroleum gas is a blend of various hydrocarbon gases. It is a commercially produced, extremely flammable gas that is mostly formed from butane and propane. Additionally, it liquefies under pressure, which makes it simpler to transport and store without cryogenic cooling.
Due to its high calorie and heating value, it is a great source of energy since it generates a lot of heat quickly. Since it contains no sulphur, it is a pure chemical that burns efficiently. It is commonly offered in gas cylinders, which makes it transportable, and simple to store.
The United States, Qatar, United Arab Emirates, Canada, and Saudi Arabia are the top LPG-producing nations in the world.
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 trend, 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 LPG Price Trend:
LPG is utilised to perform a number of industrial tasks and services, particularly when precise temperature control, versatility, and a strong flame are necessary.
It is a versatile fuel that is widely and successfully used in a wide range of industrial applications and manufacturing procedures. They include drying metals, producing food and petrochemicals, heating rooms, processes, and water, as well as running commercial ovens, kilns, and furnaces.
The manufacturing of glass and ceramic items uses LPG to great industrial effect. In addition, LPG is frequently used in civil engineering.
Key Market Players:
- Gazprom PAO
- Royal Dutch Shell Plc
- Exxon Mobil Corporation
- Total SA
- BP Plc
News and Events:
- September 21, 2022: Some Indian companies have recently rekindled their interest in the UNG spot market due to the fact that they are now submitting bids as Asian spot LNG prices decrease from previous highs and poor demand. However, because of the limited demand brought on by high LNG prices, only a small number of these tenders were chosen.
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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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