Jul 07, 2020 11:09 a.m.

Saudi Aramco continues lifting propane offers to Asia for July delivery

Saudi Arabia has reportedly lifted propane offers to Asia for July 2020 delivery, marking the third consecutive month of price increment.

Title

Butane Propane

Available in

Saudi Arabia has reportedly lifted propane offers to Asia for July 2020 delivery by $10/ton from the previous month, marking the third consecutive month of price increment.

The latest offer stands at $360/ton, FOB from the port of Ras Tanura. 

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

Product

Price List on   30 Jun. 2020

M.O.M Changes

Propane

$360

+$10

Butane

$340

+$10

 

 

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

Country

Saudi Arabia