31 October 2012 08:02 [Source: ICIS news]
SINGAPORE (ICIS)--Saudi Aramco announced on Wednesday that its November contract prices of propane and butane would be $1,050/tonne (€809/tonne) and $990/tonne FOB (free on board), respectively, both at $25/tonne higher than October prices.
The increase could have been triggered by tightening supply of Middle Eastern cargoes and rising demand in northeast ?xml:namespace>
The November settlements were slightly higher than expected, according to traders.
The company sold on 29 October one cargo at $1,040/tonne for propane and $980/tonne for butane for loading at Yanbu, which were widely expected to be the November contract prices.
($1 = €0.77)
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