VOL. XLII

No. 06

8-February-1999

SAUDI ARABIA0

Aramco Drops LPG Contract Prices Sharply, But ReductionsFail To Please Buyers

Saudi Aramco cut its LPG contract prices for February by ahefty $37/ton for propane and an even steeper $47/ton for butane, but thereductions seemed to please no one. In Japan, contract buyers protested thatthe producer had gone too far in cutting prices. Japanese importers do not likesharp price drops towards the end of the fiscal year as these tend to underminethe value...