Friday, January 30, 2015

Saudi Aramco sets February propane to $450/T, up $25 from the January Level

State-run Saudi Aramco has increased its February contract price for propane to $450 a tonne, up $25 from the January level, an industry source said on Thursday. Butane prices for February 2015 were also increased to $480 a tonne, up $10 from January level of $470. 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   February 2015  - 
January 2014    Change 
Propane   $450                     $425               +25
Butane     $480                     $470               -10

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