In this list
Natural Gas | Oil

Saudi Aramco sets Mar propane CP at $430/mt, butane at $480/mt

Agriculture | Grains | Sugar | Energy | Coal | Thermal Coal | Energy Transition | Oil | Metals | Steel

Market Movers Asia, Nov 29-Dec 3: New Covid-19 variant to weigh on commodity markets

Energy | Natural Gas | LNG | NGL

Platts LNG Alert

Natural Gas | Energy | Electric Power | Renewables | Oil | Coal | Emissions | Energy Transition

COP26

Energy | Oil | Petrochemicals | Agriculture | Natural Gas | Energy Transition | Coal | Refined Products | Fuel Oil | Jet Fuel | Polymers | Biofuels | Solvents & Intermediates | NGL | LPG | Crude Oil | Aromatics | Gasoline | Renewables | Olefins | Naphtha | Emissions

REFINERY NEWS ROUNDUP: News emerges on closures in Asia-Pacific

Energy | Oil

Fuel for Thought: OPEC+ to set tone for 2022 with response to US oil release, COVID-19 variant

Saudi Aramco sets Mar propane CP at $430/mt, butane at $480/mt

Highlights

Mar propane, butane CPs lower versus Feb

Second month-on-month fall; within market expectations

Singapore — Saudi Aramco on Sunday set its March contract price for propane at $430/mt, down $75/mt from February, and the butane CP at $480/mt, $65/mt lower month on month.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The March propane and butane CPs were well within traders' expectations.

Traders had expected the March propane CP to be set between $420/mt and $450/mt, and the butane CP to be between $460/mt and $500/mt.

The propane and butane CPs recorded the second month on month fall in March, after a fall in the February CP snapped four consecutive months of gains.

Aramco had set the propane CP for March 2019 at $490/mt and butane at $520/mt, S&P Global Platts data showed.

Aramco's CPs , which set the price of propane and butane lifted from the Saudi ports of Yanbu, Ras Tanura and Ju'aymah under term supply contracts, are closely watched by the market as they tend to set a base level for pricing for most markets east of Suez.