Saudi Aramco cuts April propane prices to Asia

insight 31 Mar 2021

Saudi Aramco cuts April propane prices to Asia

Saudi Aramco has reportedly announced April 2021 propane contract prices to Asia with steep reductions, halting the nine straight months of hiking due to easing supply conditions. The price provides a benchmark against which Middle East sales of liquefied petroleum gas (LPG) to Asia are priced.

The latest offer stands at $560/ton, FOB from the port of Ras Tanura.

The producer’s latest prices for propane and butane are shown in the following table:

Product

Price List on

31 Mar. 21

M.O.M Changes

Propane

$560

-$65

Butane

$530

-$65

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