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China's LNG imports surged 119% in March

China's LNG imports surged 119% in March

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2020-03-31 14:57
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China's LNG imports surged 119% in March

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2020-03-31 14:57
  • Views:
Information

Due to low prices sparked a buying interest from the import terminal and propane dehydrogenation factory, our country liquefied petroleum gas (LPG) in March, net imports has more than doubled from the same period last year, a record high.

Traders expect China LPG imports in April will be high, however, due to higher inventory, purchases of LPG in China over the next few months could slow.

National statistics released last Friday by the general administration of customs of the computing results show that our LPG net imports surged 119% in March, reached about 1.5 million tons. According to statistics, China's LPG imports surge 57% month-on-month in March, this is also the highest year-on-year increase over the past eight months.

Traders see China LPG imports the main reason for the surge in March to LPG import terminal and propane dehydrogenation plant higher profit margins.

A dealer said the eastern part of our country, the lower price of LPG in the international market to encourage China to import terminal and propane dehydrogenation plant in March to buy more of LPG.

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