Middle East Economic Survey


No 40


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,...