Saudi Aramco announced July propane prices to Asia with a sharp hike

It is reported that Saudi Aramco has opened July shipment offers for propane to Asia with large increases from the previous month, on the back of the surging energy complex. 

The latest offer stands at $620/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.