Saudi Aramco announced February propane prices to Asia with three-digit hikes

Saudi Aramco set February contract propane prices to Asia with drastic increases from the previous month, riding on the optimism surrounding China reopening despite the comfortable global supply conditions. 

The latest offer stands at $790/ton, FOB from the port of Ras Tanura.

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

The producer’s price list for propane and butane is shown in the following table:

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