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Saudi Aramco set contract propane prices for September prices to AsiaSaudi Aramco set contract propane prices for September prices to Asia |
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Saudi Arabia’s major oil and gas producer – Saudi Aramco has set September 2021 contract price for propane to Asia with increases from the previous month, though the extent of the new hike is smaller than expected.
The price provides a benchmark against which Middle East sales of liquefied petroleum gas (LPG) to Asia are priced.
The latest offer stands at $665/ton, FOB from the port of Ras Tanura.
The producer’s price list for propane and butane are shown in the following table:
|
Product |
Price List on 31 Aug. 21 |
M.O.M Changes |
|
Propane |
$665 |
+$5 |
|
Butane |
$665 |
+$10 |
Propane is a primary feedstock used by propane dehydrogenation (PDH) operators in producing propylene monomers.
