Middle East Economic Survey

VOL. LIV

No 10

7-Mar-2011

Saudi Aramco Leaves Propane Price Unchanged For March, Butane Up By $50/Ton

Saudi Aramco on 28 February announced that its price for propane for March LPG contracts would remain unchanged at $820/ton, but added that its price for butane would rise by $50/ton to $860/ton for the month. The propane price was slightly weaker than expected, Walt Hart, Senior Consultant at Houston-based Purvin & Gertz, told MEES. Propane swaps prices had...