Saudi Aramco drastically lifted January propane prices to Asia

Saudi Aramco has opened offers for propane to Asia for January 2021 loading with three digits hike in value citing the lack of supply and strong demand during the wintertime. The price provides a benchmark against which Middle East sales of liquefied petroleum gas (LPG) to Asia are priced.

The latest offer stands at $550/ton, FOB from the port of Ras Tanura. 

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

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