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Saudi Aramco introduces July propane price to Asia with new cutsSaudi Aramco introduces July propane price to Asia with new cuts |
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It is reported that Saudi Aramco has announced July contract prices for propane to Asia with another $55/ton reduction from last month to $375/ton FOB from the Port of Ras Tanura, according to market sources.
This is the first time propane price plunged below the $400/ton threshold since July 2017, according to CommoPlast’s data.
The producer’s latest prices for propane and butane are shown in the following table:
|
Product |
Jul. 2019 |
Jun. 2019 |
Changes |
|
Propane |
$375 |
$430 |
-$55 |
|
Butane |
$355 |
$415 |
-$60 |
