Thursday, January 30, 2014

Saudi Aramco cuts February propane price to $970/T

State-run Saudi Aramco has cut its February contract price for propane at $970 a tonne, down $40 from the January level, an industry source said on Thursday. Butane prices for February 2014 were also cut to $970 a tonne, down $50 from January level of $1020. The prices provide a benchmark against which Middle East sales of liquefied petroleum gas (LPG) to Asia are priced. Following is a table of Saudi Aramco's contract prices of propane and butane per tonne in U.S. dollars. 

Product  February 2014  -  January 2014  Change 
Propane  $970                          $1010                  -40
Butane     $970                           $1020                   -50


Saudi Aramco March Propane Futures Drop 3%
Saudi Aramco cuts March propane price to $855/T

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