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Saudi Aramco sets April propane at $990/T

Saudi Aramco sets April propane at $990/T

State-run Saudi Aramco has set its April contract price for propane at $990 a ton, down $240 from the March level, an industry source said on Saturday.

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April 1, 2012 12:00 by



State-run Saudi Aramco has set its April contract price for propane at $990 a ton, down $240 from the March level, an industry source said on Saturday.   

The company also lowered its April butane price by $185 from March to $995 a ton, the source said.   

The prices provide a benchmark against which Middle East sales of liquefied petroleum gas (LPG) to Asia are priced.   

Following is a table of Saudi Aramco’s contract prices of propane and butane per ton in U.S. dollars.   

MONTH    PROPANE            BUTANE     

Apr ’12     990                995   

Mar ’12   1,230              1,180    

Feb ’12   1,010              1,040       

Jan ’12     850                910          

Dec ’11     770                820                   

Nov ’11     750                810             

Oct ’11     735                815                

Sep ’11     790                865                 

AUG ’11     835                885                  

Jul ’11     815                855                   

Jun ’11     855                925                     

May ’11     945                995                  

Apr ’11     875                890                  

Mar ’11     820                860                  

Feb ’11     820                810                  

Jan ’11     935                920      

(Reporting by Reem Shamseddine; editing by Ron Askew)



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