VOL. XL

No. 9

3-March-1997

SAUDI ARABIA

Modest Saudi LPG Price Cuts For March Reflect Requests For Moderation From Japan

At first glance, Saudi Aramco's decision to cut its LPG contract prices for March by some $50/ton for propane and $28/ton for butane seemed like an decisive response to deteriorating market conditions world-wide and the onset of the traditionally weak spring trading season. But in the context of western spot markets, where propane prices have fallen by nearly $175/ton since...