Thursday, October 30, 2014

Saudi Aramco cuts October propane to $735/T, down $10 from the September Level

State-run Saudi Aramco has cut its October contract price for propane to $735 a tonne, down $10 from the September level, an industry source said on Thursday. Butane prices for October 2014 were also cut to $765 a tonne, down $20 from September level of $785. 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   October 2014  -   
September 2014     Change 
Propane   $735                      $745                   -10
Butane     $765                      $785                   -20

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