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DUBAI, Dec 29 (Reuters) - State-run Saudi Aramco has set its January contract price for propane at $435 a tonne, up from $380 in December, the company said in a statement on Thursday.
The price provides a benchmark against which Middle East sales of liquefied petroleum gas (LPG) to Asia are priced.
Saudi Aramco's contract prices for propane and butane per tonne in U.S. dollars were set as follows:
Product Jan. Dec. Change Propane $435 $380 $55 Butane $495 $420 $75
(Reporting by Rania El Gamal; editing by Jason Neely) ((rania.elgamal@thomsonreuters.com; +971 562 160 434; Reuters Messaging: rania.elgamal.reuters.com@reuters.net))
The price provides a benchmark against which Middle East sales of liquefied petroleum gas (LPG) to Asia are priced.
Saudi Aramco's contract prices for propane and butane per tonne in U.S. dollars were set as follows:
Product Jan. Dec. Change Propane $435 $380 $55 Butane $495 $420 $75
(Reporting by Rania El Gamal; editing by Jason Neely) ((rania.elgamal@thomsonreuters.com; +971 562 160 434; Reuters Messaging: rania.elgamal.reuters.com@reuters.net))
