| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Propane | China | FOB | USD 719.11/MT | April 2026 |
| Propane | Saudi Arabia | CIF | USD 789.11/MT | April 2026 |
| Propane | USA | FOB | USD 806.11/MT | April 2026 |
| Propane | Netherlands | CIF | USD 845.11/MT | April 2026 |
| Propane | Brazil | CIF | USD 840.11/MT | April 2026 |
| Propane | China | FOB | USD 695.00/MT | March 2026 |
| Propane | Saudi Arabia | CIF | USD 760.00/MT | March 2026 |
| Propane | USA | FOB | USD 782.00/MT | March 2026 |
| Propane | Netherlands | CIF | USD 777.00/MT | March 2026 |
| Propane | Brazil | CIF | USD 793.00/MT | March 2026 |
Stay updated with the latest propane prices, historical data, and tailored regional analysis
Asia
Propane prices in Asia increased during Q1’26 due to supply constraints and rising logistics costs. The Iran war disrupted tanker routes through the Strait of Hormuz, through which a significant share of LPG trade flows, reducing availability and increasing freight and insurance costs, which led to price increases. In India, around 60% of LPG flows through Hormuz, and supply disruptions forced refiners to seek alternative sources such as Russian cargoes while adjusting maintenance schedules, tightening domestic availability. Demand from residential LPG consumption and petrochemical sectors remained stable, supporting prices despite broader economic pressures.
Europe
In Europe, propane prices remained firm as supply disruptions and higher import costs supported the market. Reduced Gulf exports forced buyers to compete for limited cargoes, increasing freight rates and insurance premiums, which led to price increases. LNG cargo rerouting also impacted overall energy logistics, tightening supply conditions for related fuels including propane. However, moderate downstream demand from heating and petrochemical sectors, along with economic slowdown concerns, limited sharper price increases.
North America
In North America, propane prices followed an upward trend supported by rising logistics costs and supply uncertainty. The Iran war increased freight and insurance costs for imports, while restricted tanker movement through Hormuz raised global supply concerns, which led to price increases. Domestic supply adjustments and increased inventory levels helped stabilize availability, preventing extreme price spikes. Demand from residential heating and petrochemical feedstock usage remained steady, supporting overall pricing.
Analyst Insight
According to Procurement Resource, propane prices are expected to remain firm with potential volatility, driven by ongoing geopolitical risks and supply disruptions, while stable downstream demand may support price levels.
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Asia
The Asian propane market during the fourth quarter exhibited mixed price movements reflecting both seasonal dynamics and feedstock influences. The quarter opened with prices experiencing moderate decline as crude oil weakness transmitted cost pressure reductions through the value chain, while regional supply availability remained comfortable. Demand from petrochemical sectors, particularly propylene production facilities, showed cautious procurement patterns amid margin pressures. Residential and commercial heating demand demonstrated gradual strengthening as winter season approached, though uptake remained measured. Following the initial softness, prices entered a period of relative stabilization through the middle portion of the quarter as market participants balanced inventory positions. Import volumes from Middle Eastern suppliers maintained steady flow, while regional refinery output supported availability. The latter portion of the quarter witnessed modest recovery attempts as residential heating consumption accelerated and industrial buyers increased winter stockpiling.
Europe
In the European region, the propane price trajectory demonstrated wavering patterns throughout the fourth quarter. Supply availability remained balanced as refinery production, North Sea output, and transatlantic imports provided adequate volumes to meet seasonal requirements. Demand from residential heating sectors showed gradual improvement as temperatures declined, while industrial and agricultural applications contributed to demand support. Crude oil price movements influenced production economics, though propane pricing exhibited relative independence reflecting localized fundamentals. The market witnessed brief recovery attempts during mid-quarter as heating demand intensified and inventory draws accelerated, yet these gains proved temporary as ample storage levels limited price advances. The latter portion of the quarter saw prices fluctuating within moderate ranges as traders balanced winter demand expectations against comfortable supply positions.
North America
North American propane markets experienced relatively stable price conditions during the quarter. Domestic production from natural gas processing and refinery operations maintained steady output, while inventory levels remained within normal ranges. Demand patterns reflected seasonal strengthening across residential and commercial heating sectors, particularly in northern regions. Agricultural demand for crop drying showed expected seasonal decline following harvest completion, while petrochemical consumption provided consistent support. Export activity to international markets remained active as competitive pricing sustained shipment volumes. Crude oil price stability supported production economics and steady supply flows.
Propane is basically a 3-carbon alkane. It is known to be in gaseous state at standard temperature and pressure, but it can easily be compressed to a transportable liquid state. It is also known as a by-product of natural gas. It is most commonly utilised as a fuel.
C3H8
Adhesives and sealant chemicals, Adsorbents and absorbents, Fuels and fuel additives, Functional fluids (for both open and closed systems), Intermediates, Laboratory chemicals, Processing aids, specific to petroleum production, Propellants and blowing agents
Dimethylmethane, Propyl hydriden-Propane
AmeriGas Propane, Inc, Royal Dutch Shell (Shell), Saudi Arabian Oil Co, GAIL (India) Limited, China Petrochemical Corporation (SINOPEC)
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production of Propane via natural gas involves the running of crude oil via gas trap in order to separate it into wet gas and oil. This step is followed by several other processes to obtain LPG, which is further finally divided into butane, isobutane and propane.
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