Monday, November 2, 2015

Saudi Aramco sets November propane to $395/T, up $35 from the October Level

State-run Saudi Aramco has increased its November contract price for propane to $395 a tonne, up $35 from the October level, an industry source said on Monday. Butane prices for November 2015 were set to $435 a tonne, up $70 from October level of $365. 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   November 2015  -
October 2015    Change 
Propane   $395                    $360                +35
Butane     $435                   $365                +70