Saudi Aramco continues lifting propane offers to Asia for July delivery
Saudi Aramco continues lifting propane offers to Asia for July delivery
Butane Propane
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.