Saudi Aramco cuts August propane to $780/T, down $40 from the July Level

State-run Saudi Aramco has cut its August contract price for propane to $780 a tonne, down $40 from the July level, an industry source said on Thursday. Butane prices for August 2014 were also cut to $800 a tonne, down $40 from July level of $840. 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   August 2014  -   July 2014     Change 
Propane  $780                  $820               -40
Butane     $800                 $840               -40


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