VOL. XL

No. 5

3 February 1997

SAUDI ARABIA

Aramco Moves To Stimulate LPG Market With $10-25/Ton Contract Price Drop For February

Saudi Aramco moved to stimulate the relatively lackluster Asian LPG market last week,dropping its contract prices (CP) for February by some $10/ton for propane and $25/ton forbutane. Spot purchasing in the Far East region has dwindled in recent months as buyers inJapan have withdrawn from the market and Chinese imports have levelled off from the highsseen late last...