Liquified Petroleum Gas Price In USA
- United States: 1020 USD/MT
The price of liquified petroleum gas (LPG) in the United States for Q4 2023 reached 1020 USD/MT in December.
The latest report by IMARC Group, titled “Liquified Petroleum Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of Liquified Petroleum Prices. This report delves into the price of Liquified Petroleum globally, presenting a detailed analysis, along with informative Liquified Petroleum Price Chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the Liquified Petroleum demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Liquified Petroleum Gas Price Analysis:
- China: 1170 USD/MT
- Europe: 1140 USD/MT
Report Offering:
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The study delves into the factors affecting Liquified Petroleum Gas price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/liquified-petroleum-gas-pricing-report/requestsample
Liquified Petroleum Gas Price – Last Quarter
Mostly made up of propane and butane, liquefied petroleum gas (LPG) is a multipurpose, transportable fuel that is frequently used for cooking, heating, and vehicle fuel. increased urbanization, increased demand for cleaner energy sources, and strong industrial expansion are the main factors driving the worldwide LPG market. Expanding infrastructure in developing nations, government incentives for the use of renewable energy, and technical developments in extraction and delivery are important themes. Furthermore, changes in the price of crude oil, geopolitical issues, and supply chain difficulties like the Panama Canal limitations have a big impact on market dynamics, which affects supply and pricing all over the world.
North American LPG prices had erratic movements in Q4 2023. Despite robust Asian demand, October and November saw reductions as a result of sluggish European demand. In spite of unpredictable crude oil prices, enough supply resulted in cheaper pricing. Prices increased in December due to issues with the Panama Canal as well as increased demand from Asia and the domestic market. In Q4 2023, when Saudi Aramco and Sonatrach raised their prices, more Middle Eastern imports—particularly from China—led to growth in the APAC LPG market in October. November witnessed a balance in the Shandong Propane market due to winter demand and low inventories. December saw pricing stability with major stakeholders maintaining their unaltered OSPs.
In Q4 2023, Europe’s LPG market experienced problems due to weak domestic supply and high downstream consumption. October saw no change in LPG prices despite restrictive monetary policy, stagnating real earnings, and the threat of an oncoming recession. Due to growing demand, steady supply, and price increases from Sonatrach and Aramco, prices increased somewhat in November. Winter increased demand from civilians, which helped to sustain the market. While US LPG supplies to Europe were stable, droughts in the Panama Canal diverted cargoes from Asia to Europe, resulting in more competition and perhaps higher pricing. The MEA area saw a stable October and a steady growth in October 2023, with a reasonable supply and demand for LPG. Due to a shortage of LPG and rising oil prices, Sonatrach and Aramco raised their OSPs in October, which resulted in price increases.
In Q4 2023, South America’s LPG market faced mixed sentiments, influenced by declining international demand from the US and Europe due to economic uncertainties and inflation. Brazil experienced a drop in LPG prices due to lower upstream crude oil prices and eased US imports. However, in December, US price hikes led to a surge in Brazilian LPG prices, driven by rising domestic demand and geopolitical instability.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco.
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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