Product
Propanol Price Trend and Forecast
Propanol Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of Propanol in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
For the of 2022
Asia
The economic downturn which resulted in the aftermath of the Russian invasion of Ukraine caused unprecedented inflation in the fragile economies. The prices of crude oil soared due to the absence of precious cargo from the Black Sea and port congestions.
Owing to the high feedstock prices, power costs and supply shortages amid robust downstream demand, the prices of petrochemicals and thus propanol soared throughout the Asian market. The price of propanol averaged 1579 USD/MT ex-Delhi during the first quarter.
With the manufacturers not being able to sustain high input costs due to the low running rates and covid restrictions; passed the high prices to the consumers. However, these high prices proved detrimental to the market demand as the buyers baulked citing uncertain supply disruptions.
The price trends for propanol peaked during May but then soon began to tumble because of demand destruction. In the Chinese domestic market, the prices peaked in May averaging 8693 RMB/MT and then stabilized averaging 8242 RMB/MT in June 2022.
Europe
The European region faced the direct consequences of the Russia-Ukraine conflict. The conflict triggered an acute energy crisis due to surging crude oil prices which reverberated across all sectors. The price of propanol averaged 2000 USD/MT FOB Rotterdam because of the solid demand from pharmaceutical and solvent extraction industries. The prices surged to an all-time high in the second quarter with the European embargo on Russian oil and western sanctions against SWIFT transactions from Russia.
North America
The US domestic market was not immune to the surging energy and transportation costs. The robust downstream demand amid labour shortages further caused the price trends for propanol to inflate. The price of propanol averaged 1475 USD/MT during the first few months of the said period. Despite the market volatility and supply uncertainty the propanol prices continued to rise.
Procurement Resource provides latest prices of Propanol. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
Propanol has the same strong musty smell as rubbing alcohol and is a clear, colourless liquid in appearance. 53–77°F flash point At 700 °F, it self-ignites. Vapors are less irritating to the eyes, nose, and throat than air and are heavier than it. Density of about 6.5 lb per gal. used to create antifreezes, rubbing alcohols, soaps, window cleaners, acetone, medicines, perfumes, lacquer formulations, dye solutions, cosmetics, skin and hair preparations, and other chemicals and goods.
Product Details
| Report Features | Details |
| Product Name | Propanol |
| HS CODE | 29051210 |
| CAS Number | 71-23-8 |
| Industrial Uses | Glass Industry, Production of solvents and alkenes, Flame scarfing, Metallurgical heating and hardening, Welding, Cutting |
| Chemical Formula | C3H8O |
| Synonyms | Propyl alcohol, Propan-1-ol, n-propanol |
| Molecular Weight | 60.10 g/mol |
| Supplier Database | Dow Chemical Company, BASF SE, Royal Dutch Shell Plc., Eastman Chemical Company, Mitsui Chemicals Inc. |
| Region/Countries Covered | 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) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-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 Processes
- Production of Propanol from Catalytic Hydrogenation
This process involves first hydroformylating ethylene with hydrogen and carbon monoxide in the presence of a catalyst, such as rhodium complex, to produce propionaldehyde, which is then hydrogenated to yield propanol as the end product.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
Table Of Contents
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