Saudi Aramco lifted April propane prices to Asia

insight 31 Mar 2022

Saudi Aramco lifted April propane prices to Asia

Saudi Aramco has announced contract propane prices to Asia for April loading with increases, marking the third straight month of hikes amid the persistent threat of global energy supply shortages.

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

The latest offer stands at $940/ton, FOB from the port of Ras Tanura.

The producer’s price list for propane and butane is shown in the following table:

Product

Price List on

31 Mar. 22

M.O.M Changes

Propane

$940

+$45

Butane

$960

+$40

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