28 September 2011 09:36 [Source: ICIS news]
Saudi Aramco cut its propane selling price by almost 7% from September to $735/tonne (€537/tonne) FOB (free on board). It reduced its butane price by 5.8% from September to $815/tonne FOB. Both prices are for cargoes loading in October.
Saudi Aramco, which is based at Dhahran in Saudi Arabia, is a major LPG supplier to Asia.
LPG, a heating and cooking gas, is also used by olefins producers as a substitute for naphtha.
($1 = €0.73)
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