7 April 1997
Aramco Lowers April Contract Prices $70-72/Ton Amid Weak LPGMarket Conditions
Last week's contract price reductions of $70-72/ton for Aprilterm sales represented the largest monthly correction - in either direction - since Aramcointroduced its current LPG pricing system in October 1994. But it remains to be seen ifthe price cuts will be enough to tempt reluctant buyers in China and Japan into the marketafter months of inactivity. LPG markets have...