Saudi Aramco cuts contract propane prices to Asia for a second straight month

insight 30 Dec 2021

Saudi Aramco cuts contract propane prices to Asia for a second straight month

Saudi Aramco has opened January 2022 contract price for propane to Asia with additional reductions from December, marking the second straight month of downward movement.

The price provides a benchmark against which Middle East sales of liquefied petroleum gas (LPG) to Asia are priced.

The latest offer stands at $740/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

30 Dec. 21

M.O.M Changes

Propane

$740

-$55

Butane

$710

-$40

Propane is a primary feedstock used by propane dehydrogenation (PDH) operators in producing propylene monomers.