China's LPG imports are expected to increase in 2024 and 2025, and the country's demand for LPG has been resilient despite economic headwinds:
Imports
In 2024, China's LPG imports are expected to increase by 8% to around 35 million metric tons (MMt), and by 6% to 37 MMt in 2025.
Demand
China's LPG demand has surpassed market expectations, with imports in the first eight months of 2024 up nearly 10% year-on-year.
Origin
China's primary suppliers of LPG include the United Arab Emirates, United States, Qatar, Oman, and Saudi Arabia.
PDH plants
Six new PDH plants with a combined capacity of 4.2 million metric tons per annum (MPTA) have started up in 2024.
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