Saudi Aramco raises September propane, butane contract prices

30 August 2013 07:08  [Source: ICIS news]

SINGAPORE (ICIS)--Saudi Aramco announced late on Thursday that it has raised its September contract prices of its propane and butane by $30/tonne (€23/tonne) and $55/tonne, respectively, from its August levels.

Saudi Aramco’s September contract price on an FOB (free on board) basis for propane is at $850/tonne, while that for butane is at $875/tonne, the company said.

The price hike is expected to boost China domestic prices of liquefied petroleum gas (LPG), industry sources said.

LPG contains primarily of propane and butane.

($1 = €0.76)


By: Lilian Hua



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index