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Saudi Aramco set contract propane prices for February higherSaudi Aramco set contract propane prices for February higher |
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Saudi Aramco’s propane contract prices for February loading rebounded after two consecutive months of decline following the recent surge in the energy complex.
The price provides a benchmark against which Middle East sales of liquefied petroleum gas (LPG) to Asia are priced.
The latest offer stands at $775/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 Jan. 22 |
M.O.M Changes |
|
Propane |
$775 |
+$35 |
|
Butane |
$775 |
+$65 |
Propane is a primary feedstock used by propane dehydrogenation (PDH) operators in producing propylene monomers.
