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Saudi Aramco Sets May Propane at $810/T, Down $180

Saudi Aramco Sets May Propane at $810/T, Down $180

State-run Saudi Aramco has set its May contract price for propane at $810 a tonne, down $180 from the April level, an industry source said on Tuesday.

May 1, 2012 9:37 by



State-run Saudi Aramco has set its May contract price for propane at $810 a tonne, down $180 from the April level, an industry source said on Tuesday. The company also lowered its May butane price by $100 from April to $895 a tonne, 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 tonne in U.S. dollars.

MONTH    PROPANE            BUTANE

May ’12     810                895

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 Osamu Tsukimori; Editing by Chris Gallagher)



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