SUPPLY/DEMAND

Saudi LPG Prices Raised To Record Levels For February

Saudi Aramco on 31 January announced record contract prices for LPG deliveries to customers during February. The price for propane was raised by $160/ton to $1,010/ton and the price of butane was increased by $130/ton to $1,040/ton. “The February propane contract price was about $10/ton higher than the market expected - even after the swaps values ramped up from around $950/ton over the course of a week,”...