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)
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