Saudi Aramco announce March propane contract prices with three digits hike

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:

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