Sunday, November 30, 2014

Saudi Aramco cuts December propane to $550/T, down $60 from the November Level

State-run Saudi Aramco has cut its December contract price for propane to $550 a tonne, down $60 from the November level, an industry source said on Monday. Butane prices for December 2014 were also cut to $570 a tonne, down $30 from November  level of $600. 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   December 2014  - November 2014     Change 

Propane   $550                      $610                      -60
Butane     $570                      $600                      -30

No comments:

Post a Comment