Saudi LPG Prices Raised For January 2012

Saudi Aramco on 31 December announced price rises for its LPG deliveries to customers during January. The contract price for propane was raised by $80/ton to $850/ton and the price of butane was increased by $90/ton to $910/ton. “At $850/ton, the Saudi contract propane price was about $20/ton higher than market expectations,” Walter M Hart, Senior Consultant at Houston-based Purvin & Gertz, told MEES. “The higher price likely...