Saudi Aramco cuts May propane contract prices to Asia

Saudi Aramco has opened May propane contract prices to Asia with sharp reductions, marking the first drop since the start of 2022, which industry participants attributed to the weak demand in China. 

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

The latest offer stands at $850/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.