-
Bank Ranking
Banks Ratios
Cement Statistics
Cement Ranking
Cement Ratios
Monetary and Economic Statistics
Oil, Gas and Fuel
Macro Economy
Consumer Spending
Inflation
Exports & Imports
Food Prices
Non Food Prices
Construction Materials
Petrochem. Ranking
Petrochem. Ratios
Retail Rankings
Retail Ratios
Grocery Ranking
Grocery Ratios
Top Growth
Dividend History
Saudi Aramco sets propane, butane prices for November
31/10/2024
Argaam Exclusive
AI Summary
Content Summary: 
Loading data...
Please note that this news summary has been generated using artificial intelligence. It is recommended to review the original
sources for complete details and to verify the accuracy of the information.
Saudi Arabian Oil Co. (Saudi Aramco) hiked its November contract prices for propane by $10 a ton month-on-month (MoM) to $635 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 |
| 2024 March | 630.00 | 0.00 |
| 2024 April | 615.00 | (15.00) |
| 2024 May | 580.00 | (35.00) |
| 2024 June | 580.00 | 0.00 |
| 2024 July | 580.00 | 0.00 |
| 2024 August | 590.00 | 10.00 |
| 2024 September | 605.00 | 15.00 |
| 2024 October | 625.00 | 20.00 |
| 2024 November | 635.00 | 10.00 |
Similarly, Aramco raised butane contract prices by $10 a ton MoM to $630 a ton for the same month.
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 |
| 2024 March | 640.00 | 0.00 |
| 2024 April | 620.00 | (20.00) |
| 2024 May | 585.00 | (35.00) |
| 2024 June | 565.00 | (20.00) |
| 2024 July | 565.00 | 0.00 |
| 2024 August | 570.00 | 5.00 |
| 2024 September | 595.00 | 25.00 |
| 2024 October | 620.00 | 25.00 |
| 2024 November | 630.00 | 10.00 |
Prices are based on a free-on-board (FOB) basis from the Port of Ras Tanura.
Aramco's prices are 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.
Follow us on
Comments {{getCommentCount()}}
Be the first to comment
{{Comments.indexOf(comment)+1}}
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}
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.
Propane Butane Reports
Share Price
Saudi Arabian Oil Co. (SAUDI ARAMCO)
Call Request
Comments Analysis: