Middle East Economic Survey

VOL. LIV

No 45

7-Nov-2011

Saudi Aramco Raises Propane Price, Reduces Butane

Saudi Aramco on 31 October announced prices for its LPG deliveries to customers during November. The contract price for propane was raised by $15/ton to $750/ton. The price of butane was cut by $5/ton to $810.00/ton. The propane price is roughly $10/ton higher than the market expected, Walter M Hart, Senior Consultant at Houston-based Purvin & Gertz, told MEES. Spot propane cargoes...