LPG Prices Cut by $185-240/Ton for April

摘要

After reaching record highs of $1,230/ton for propane and $l,180/ton for butane in March, the prices of the liquefied petroleum gas (LPG) exported by Saudi Aramco and Kuwait Petroleum Corporation (KPC) have been reduced by $185-240/ton for April liftings. This is the first cut in prices since October and is due to a combination of weak demand and an oversupplied market in Asia. The reductions bring the price of propane down to $990/ton and butane to $995/ton.