Saudi Aramco sets June propane at $680 a tonne, down $130

Saudi Aramco sets June propane at $680 a tonne, down $130

State-run Saudi Aramco has set its June contract price for propane at $680 a tonne, down $130 from the May level, an industry source said on Wednesday.

May 30, 2012 1:52 by Reuters

State-run Saudi Aramco has set its June contract price for propane at $680 a tonne, down $130 from the May level, an industry source said on Wednesday.

The company also lowered its June butane price by $130 from May to $765 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 Jun ’12 680 765 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 Richard Pullin)