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Saudi Aramco lifted June propane contract price to AsiaSaudi Aramco lifted June propane contract price to Asia |
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Saudi Arabia’s major oil and gas producer – Saudi Aramco has opened June 2021 contract price for propane to Asia with increases, halting the two consecutive months of reduction.
The price provides a benchmark against which Middle East sales of liquefied petroleum gas (LPG) to Asia are priced.
The latest offer stands at $530/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 May. 21 |
M.O.M Changes |
|
Propane |
$530 |
+$35 |
|
Butane |
$525 |
+$50 |
Propane is a primary feedstock used by propane dehydrogenation (PDH) operators in producing propylene monomers.
