31 October 2013 02:40 [Source: ICIS news]
The company announced to its customers on Wednesday that prices of propane will increase by $55/tonne to $875/tonne FOB (free on board), while those of butane will rise by $65/tonne to $915/tonne FOB, they said.
Saudi Aramco's actual November prices are higher than the market expectations of about $870/tonne for propane and $890/tonne for butane, industry sources said.
The company may be expecting supply tightness after it cut production, while demand may pick up next month, they said.
($1 = €0.73)
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections