NGC 2346 is a planetary nebula near the celestial equator in the constellation of Monoceros,[5] less than a degree to the ESE of Delta Monocerotis.

[3] The nebula is bright and conspicuous with a visual magnitude of 9.6,[3] and has been extensively studied.

The nebular is bipolar in form, with modest outflow velocities in the range of 8–11 km/s, while the center is girded by an expanding belt of molecular gas.

The dust itself is heated by the central star and so NGC 2346 is unusually bright in the infrared part of the spectrum.

When the red giant's core was exposed, a fast stellar wind inflated two ‘bubbles’ from either side of the ring.