Middle East Economic Survey

VOL. LIII

No 10

8-March-2010

Saudi LPG Prices Reduced For March

Saudi Aramco and Kuwait Petroleum Corporation (KPC) announced their March LPG prices to customers on 28 February, reducing propane by $5/ton to $730/ton and reducing butane by $20/ton to $715/ton. MEES soundings indicate that the price reduction was a result of a weakening spot market for LPG during February. While Chinese demand for petrochemicals feedstocks was on the increase, this was outweighed by...