October 2007

Trends and Resources

HP Impact: HPImpact: DME use challenges growth of LPG demand in China

Imports of LPG into China peaked at 6.4 million tons in 2004. At the time, that amount wasn't expected to be the "peak." The anticipation then was of further LPG demand and import growth. However, LPG..

Weirauch, Wendy, Hydrocarbon Processing Staff

Imports of LPG into China peaked at 6.4 million tons in 2004. At the time, that amount wasn't expected to be the "peak." The anticipation then was of further LPG demand and import growth. However, LPG imports fell in 2005 and again in 2006 (Table 1). "The trend so far in 2007 has been for a further decline," according to a report from Poten & Partners (www.poten.com). The high price of LPG on the international market has had a number of negative impacts: Discouraging LPG demand growth Making importer margins negative Encouraging China's domestic refiners to maximize their recovery and sales of LPG on the market (refiner marketable yields of LPG topped 6% in May).

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