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Saudi Aramco announce March propane contract prices with three digits hikeSaudi Aramco announce March propane contract prices with three digits hike |
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Saudi oil and gas giant Aramco has opened March propane contract prices to Asia with an increase of $120/ton from the previous month amid the rising international energy market.
The price provides a benchmark against which Middle East sales of liquefied petroleum gas (LPG) to Asia are priced.
The latest offer stands at $895/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 28 Feb. 22 |
M.O.M Changes |
|
Propane |
$895 |
+$120 |
|
Butane |
$920 |
+$145 |
Propane is a primary feedstock used by propane dehydrogenation (PDH) operators in producing propylene monomers.
