Saudi Aramco ups Aug propane price 35pct
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Thursday, 02 Aug 2012
Reuters reported that Saudi Aramco has set its August contract price for propane at USD 775 per tonne up USD 200 or nearly 35% from the July level.
An industry source said that the company also raised its August butane price by USD 155 or 25% from July to USD 775 per tonne.
The prices provide a benchmark against which Middle East sales of liquefied petroleum gas to Asia are priced. Following is a table of Saudi Aramco's contract prices of propane and butane per tonne in US dollars.
| Month | Propane | Butane |
| Aug'12 | 775 | 775 |
| Jul'12 | 575 | 620 |
| Jun'12 | 680 | 765 |
| May'12 | 810 | 895 |
| Apr'12 | 990 | 995 |
| Mar'12 | 1,230 | 1,180 |
| Feb'12 | 1,010 | 1,040 |
| Jan'12 | 850 | 910 |
| Dec'11 | 770 | 820 |
| Nov'11 | 750 | 810 |
| Oct'11 | 735 | 815 |
| Sep'11 | 790 | 865 |
| AUG'11 | 835 | 885 |
| Jul'11 | 815 | 855 |
| Jun'11 | 855 | 925 |
| May'11 | 945 | 995 |
| Apr'11 | 875 | 890 |
| Mar'11 | 820 | 860 |
| Feb'11 | 820 | 810 |
| Jan'11 | 935 | 920 |
Source - Reuters
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