Aramco cuts April propane, butane prices by $60-105/tonne

01 April 2013 08:00  [Source: ICIS news]

SINGAPORE (ICIS)--Saudi Aramco announced over the weekend that it would settle April contract prices at $790/tonne (€616/tonne) for propane and $835/tonne for butane, down by $105/tonne and $60/tonne, respectively, from March.

This is the fifth decline since November 2012.

Market sources said that the cut was a response to rising spot supply from the Middle East and weak demand from importers.

($1 = €0.78)

 

 


By: Vivian Lv
+65 6780 4327



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