Middle East Economic Survey

VOL. LIII

No 40

4-Oct-2010

Saudi Aramco Raises LPG Prices For October

Saudi Aramco on 29 September announced an increase for its October LPG contract prices to customers, raising the price of propane by $50/ton to $680/ton and the price of butane by $55/ton to $705/ton. These prices were at least $10-15/ton above market expectations, perhaps signaling an expectation of tighter propane supply availability for October than reflected in the swaps market, Walt Hart,...