Saudi Aramco lifted June propane contract price to Asia

Saudi Arabia’s major oil and gas producer – Saudi Aramco has opened June 2021 contract price for propane to Asia with increases, halting the two consecutive months of reduction.

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

The latest offer stands at $530/ton, FOB from the port of Ras Tanura. 

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

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