Saudi Aramco raises December LPG contract price

30 November 2011 06:40  [Source: ICIS news]

MELBOURNE (ICIS)--Saudi Aramco has increased its contract price of liquefied petroleum gas (LPG) for December, two Asian buyers said on Wednesday.

Saudi Aramco increased its propane contract price by $20/tonne (€15/tonne), or 2.7%, to $770/tonne FOB (free on board), the buyers said.

In addition, the producer raised its butane price by $10/tonne, or 1.2%, to $820/tonne FOB, according to the buyers.

Both prices are for cargoes loading in December, they added.

($1 = €0.75)

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By: Trisha Huang

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