Saudi Aramco announced May propane shipment offers with a large hike

It is reported that Saudi Aramco has announced May 2020 shipment offers for propane to Asia with three digits hike in value from last month as demand starts to pick up. In the previous month, the producer slashed prices by $200/ton to attract purchasing interest.   

The latest offer stands at $340/ton, FOB from the port of Ras Tanura. 

The producer’s latest prices for propane and butane are shown in the following table: