Saudi Aramco introduces July propane price to Asia with new cuts
Saudi Aramco introduces July propane price to Asia with new cuts
Butane Propane
It is reported that Saudi Aramco has announced July contract prices for propane to Asia with another $55/ton reduction from last month to $375/ton FOB from the Port of Ras Tanura, according to market sources.
This is the first time propane price plunged below the $400/ton threshold since July 2017, according to CommoPlast’s data.
The producer’s latest prices for propane and butane are shown in the following table:
|
Product |
Jul. 2019 |
Jun. 2019 |
Changes |
|
Propane |
$375 |
$430 |
-$55 |
|
Butane |
$355 |
$415 |
-$60 |