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 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:

Monthly Updates: Annual Subscription
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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

Liquefied Petroleum Gas (LPG) is a versatile, portable fuel consisting primarily of propane and butane, widely used for heating, cooking, and as automotive fuel. The global LPG market is driven by rising urbanization, increasing demand for cleaner energy alternatives, and robust industrial growth. Key trends include expanding infrastructure in emerging markets, government incentives for clean energy adoption, and technological advancements in extraction and distribution. Additionally, fluctuations in crude oil prices, geopolitical factors, and supply chain challenges, such as the Panama Canal restrictions, significantly influence market dynamics, impacting both supply and pricing globally.

In Q4 2023, North American LPG prices showed mixed trends. October and November experienced declines due to weak European demand, despite strong Asian demand. Adequate supply led to lower prices amid volatile crude oil prices. In December, rising domestic and Asian demand, along with Panama Canal challenges, drove prices higher. In Q4 2023, the APAC LPG market, especially in China, experienced growth in October due to increased Middle Eastern imports following price hikes by Saudi Aramco and Sonatrach. November saw Shandong Propane's market balance from low inventory and winter demand. December maintained price stability with unchanged OSPs by major stakeholders.

In Q4 2023, Europe's LPG market faced challenges due to moderate domestic supply and high downstream consumption. Amid impending recession, tight monetary policies, and stagnant real wages, LPG prices remained stable in October. November saw a slight price increase driven by rising demand, stable supply, and price hikes from Sonatrach and Aramco. Winter boosted civilian demand, further supporting the market. While US LPG exports to Europe remained steady, Panama Canal droughts redirected Asian-bound shipments to Europe, increasing competition and potentially raising prices. In Q4 2023, the MEA region saw moderate LPG supply and demand, with a steady increase in October and stability in December. Price hikes resulted from Sonatrach's and Aramco's OSP raises in October, driven by rising oil prices and limited LPG supply. In December, Aramco maintained OSPs, while Sonatrach reduced propane OSPs due to declining global demand. Asian market demand significantly influenced prices.

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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