China's weekly LPG imports slump as COVID-19 dampens household, petrochemical demand

HIGHLIGHTS

Weekly imports fell to 187,000 mt vs average volume of 340,000-490,000 mt

Gradual recovery in demand for PDH plants, but households still at low levels

Lower downstream derivative demand seen delaying startup of new PDHs

Singapore — China's LPG imports nearly halved in the last two weeks versus the February 2019 average, as demand from household and petrochemical sectors were sapped by measures to contain the coronavirus outbreak amid slowing economic growth.