Writer CD Team   Hit 1802
Date 2008. 1. 31. 17:54:01 IP
Subject : [News] LPG Contract Price $70/Ton Drop

LPG Contract Price $70/Ton Drop

- CP for February, Propane $800, Butane $805


LPG importing price which has sharply risen is expected to be stabilized in February.


Saudi Arabias Aramco informed E1 and SK Gas that February exporting price will be changed to $800/Ton for propane and $805/Ton for Butane. This price is $70/Ton low than January.


The reason why LPG importing price of February has declined largely is because oil price has been stabilized between mid-$80 and early-$90. At the situation that oil price doesnt rebound, it is know that overseas buyers also does not hurry to buy LPG


Though recent currency which recorded \945/$ is on the upward tendency is unstable element, it is expected that local LPG price for March decreased by \70/Kg because of the reduction of importing price.



(Many thanks)

This article is from The Korea Gas News(Jan. 31, 2008)

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