China’s LPG imports from the United States soared to 733,385 mt in May, comprising 629,822 mt of propane and 103,563 mt of butane, up from zero a year earlier, data from China’s General Administration of Customs showed on June 26. This is a record high monthly volume from the US, and made it the largest LPG supplier to China in May. It eclipsed the previous record high monthly import from the US of 475,092 mt in December 2017, historical customs data showed.
Lower import costs for US LPG pushed up buying from the US in the month, as well as driving up the total LPG imports, according to market sources. After being halted for nearly one and a half years China’s LPG imports from the US started resuming in March as the government has given US LPG import tariff exemptions to many importers…
