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Kerosene is the most conventional flammable liquid hydrocarbon. It is a petroleum-based product that is often employed as fuel for both transportation and cooking.
The flash point of kerosene is between 37 °C (99 °F) and 65 °C (149 °F), and its autoignition temperature is 220 °C (428 °F).
It is also referred to as paraffin or lamp oil. It has low viscosity and is created by fractional distillation which removes the hydrocarbons and produces a pure liquid. In an oil refinery, crude oil is fractionally distilled to form kerosene. After being heated to separate the component elements, it is then evaporated to produce it. Kerosene is then compressed and purified after it.
The leading kerosene-producing countries are the United States, China, India, Korea, and Japan.
Key Details About the Kerosene 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 kerosene price, lithium carbonate price, and lilial price etc. 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 kerosene price trends, 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 Kerosene Price Trend:
Kerosene is widely used as a fuel for jet engines, rocket engines, lighting systems, and heating systems.
Kerosene has a lesser danger of burning than gasoline and can be used as a lubricant and a solvent to remove other petroleum compounds like chain grease.
They can also be used to cool metals during production and treatment. In the petroleum industry, it is frequently used to resemble crude oil.
For the removal of sticker remnants such sticky mucilage or adhesive on glass surfaces, kerosene can be employed. However, it is advised to first scrape off any leftover wax before using a cloth to wipe the area with kerosene. Other than that, it can be used to remove candle wax that has accidentally spilled onto a glass surface.
Key Market Players:
- Royal Dutch Shell (Shell)
- Chevron Corporation
- Exxon Mobil Corporation
- BP p.l.c.
News and Events:
- August 22, 2022: The cost valuation of kerosene was raised by Ceylon Petroleum Corporation (CPC), a state-owned fuel distributor in Sri Lanka, as a result of the ongoing economic crises. Kerosene prices were increased by 253 LKR (USD 0.7) to 340 LKR, according to the CPC.
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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 tracks 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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