Middle East Economic Survey

VOL. XLIX

No 27

3-Jul-2006

Saudi LPG Prices Raised For July As Far East Market Tightens

Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced their July LPG contract prices to customers on 27 June, increasing both propane and butane by $32/ton from June to take each grade to $502/ton. As usual, the pricing changes reflect the performance of the LPG spot market during the past month, and MEES soundings indicate that the Far East market recovered in June after a...