Thursday, October 30, 2014

Saudi Aramco cuts November propane to $610/T, down $125 from the October Level

State-run Saudi Aramco has cut its November contract price for propane to $610 a tonne, down $125 from the October level, an industry source said on Thursday. Butane prices for November 2014 were also cut to $600 a tonne, down $165 from October level of $765. 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   November 2014  -
October 2014     Change 
Propane   $610                      $735                   -125
Butane     $600                      $765                   -165

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