Saudi Aramco sets February propane, butane prices

31/01/2024 Argaam Exclusive

Saudi Arabian Oil Co. (Saudi Aramco) raised its February contract prices by $10 a ton month-on-month (MoM) to $630 a ton.

SAUDI ARAMCO Propane prices for FOB Ras Tanura

Month Value (Dollar\Ton) Change
2024 January 620.00 10.00
2024 February 630.00 10.00

Aramco also increased February butane contract prices by $10 a ton MoM to $640 a ton.

SAUDI ARAMCO Butane prices for FOB Ras Tanura

Month Value (Dollar\Ton) Change
2024 January 630.00 10.00
2024 February 640.00 10.00

Prices are based on a free-on-board (FOB) basis from the Port of Ras Tanura.

 

Aramco's prices are used as a benchmark for other Asian exporters since the company is the biggest exporter of liquefied petroleum gas (LPG) in Asia.

 

The oil giant sells propane and butane to local petrochemical companies, with a 20% discount compared to FOB Ras Tanura prices, based on the pricing rate applied since early 2017.



Propane Butane Reports

Saudi Arabian Oil Co. (SAUDI ARAMCO)

More
ajax loading

Most Read

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.