Saudi Aramco set contract propane prices for February higher

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:

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