Monday, February 29, 2016

Saudi Aramco sets March propane to $290/T, up $5 from the February Level

State-run Saudi Aramco has increased its March contract price for propane to $290 a tonne, up $5 from the February level, an industry source said on Monday. Butane prices for March 2016 were set to $320 a tonne, up $5 from February level of $315. 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   March 2016  - 
February 2016    Change 
Propane   $290                   $285                +5
Butane     $320                  $315                +5

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