LPG Price History and Forecast Analysis Provided by Procurement Resource
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Liquified petroleum gas is a combination of hydrocarbon gases. It is produced commercially from fossil fuels and is a highly flammable gas mostly made of butane and propane. Pressurisation can also liquefy it so that it can be transported and stored easily without the need for cryogenic cooling.
Because it has a high caloric and heating value, it is a perfect source of energy because as it quickly generates a lot of heat. Being sulfur-free, it is a pure chemical that burns well. It is frequently offered in gas cylinders, making it convenient, transportable, and simple to store.
United States, Qatar, United Arab Emirates, Canada, and Saudi Arabia ranked among 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 chart, 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:
The primary industrial uses of LPG are it is usedinclude its application as an aerosol propellant and a refrigerant. As it is safer for the environment and the ozone layer, it is gradually being substituted for CFCs. It is also employed in agricultural, horticulture, commercial, and manufacturing industries.
Key Market Players:
? Gazprom PAO
? Royal Dutch Shell Plc
? Exxon Mobil Corporation
? Total SA
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? BP Plc
News and Events:
? September 21, 2022: A few Indian corporations have recently rekindled their interest in the UNG spot market since they are now issuing bids as Asian spot LNG prices decline from recent highs and poor demand. However, due to poor demand brought on by high LNG costs, only a few of these tenders have been chosen.
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About Us:
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 track 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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Reference Link - https://researz.com/lpg-price/