State-run Saudi Aramco has cut its January contract price for propane to $425 a tonne, down $125 from the December level, an industry source said on Thursday. Butane prices for January 2015 were also cut to $470 a tonne, down $100 from December level of $570. 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 January 2015 - December 2014 Change
Propane $425 $550 -125
Butane $470 $570 -100
No comments:
Post a Comment