-
Important news
-
News
-
Shenzhen
-
China
-
World
-
Opinion
-
Sports
-
Kaleidoscope
-
Photo Highlights
-
Business
-
Markets
-
Business/Markets
-
World Economy
-
Speak Shenzhen
-
Leisure Highlights
-
Culture
-
Travel
-
Entertainment
-
Digital Paper
-
In depth
-
Weekend
-
Lifestyle
-
Diversions
-
Movies
-
Hotels
-
Special Report
-
Yes Teens
-
News Picks
-
Tech and Science
-
Glamour
-
Campus
-
Budding Writers
-
Fun
-
Futian Today
-
Advertorial
-
FOCUS
-
Guide
-
Nanshan
-
Hit Bravo
-
People
-
Person of the week
-
Majors Forum
-
Shopping
-
Investment
-
Tech and Vogue
-
Junior Journalist Program
-
Currency Focus
-
Food Drink
-
Restaurants
-
Yearend Review
-
CHTF Special
-
QINGDAO TODAY
在线翻译:
szdaily -> Business -> 
China slashes US LPG imports amid trade dispute
    2018-10-11  08:53    Shenzhen Daily

CHINA has choked back on imports of liquefied petroleum gas (LPG) from the United States, traders and analysts said, turning to the Middle East for extra supplies amid the two countries’ trade dispute.

China bought nearly 3.6 million tons of U.S. LPG in 2017, making the United States the country’s second-largest supplier of the fuel used in petrochemicals, as well as for cooking, transport and heating.

However, U.S. imports have come off dramatically over the course of 2018, before stalling completely in late August when China imposed an additional 25-percent tariff on over 300 U.S. goods, including LPG, in retaliation for U.S. tariffs.

Consultancy IHS Markit estimates U.S. imports fell to barely 1 million tons during the first eight months of 2018, down from about 2.1 million tons for the same period last year, said He Yanyu, executive director for Natural Gas Liquids.

The fall came as Chinese buyers wound back U.S. purchases of LPG amid uncertainty about the impact of buying product from the United States, said a trader who tracks the fuel.

No U.S. LPG cargoes have landed in China since tariffs were imposed in late August, said Ong Han Wee at consultancy FGE.

“China has stopped shipping in U.S. LPG cargoes as they are now too expensive,” added a second trader who tracks LPG cargoes.

The United States last year accounted for about 20 percent of China’s total LPG imports, which are currently running at about US$1 billion a month, based on Thomson Reuters calculation.(SD-Agencies)

深圳报业集团版权所有, 未经授权禁止复制; Copyright 2010, All Rights Reserved.
Shenzhen Daily E-mail:szdaily@szszd.com.cn