VOL. XL
No. 49
8 December 1997
SAUDI ARABIA
Aramco Hikes December Propane $10/Ton, Leaves Butane Unchanged As Spot Values Plunge
Saudi Aramco's decision to raise its propane contract price for December by some $10 to$238/ton comes against a backdrop of sharply deteriorating conditions in the Mideasttrading market. Recent weeks have witnessed a truly spectacular plunge in spot prices inthe region. Sellers are now marketing spot LPG at levels as low as $20/ton under Saudi CP,down from a slight...
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