Thursday, January 1, 2015

Saudi Aramco cuts January propane to $425/T

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