Sublime China Information, SCI99’s Post

Supply Side: China LPG S&D Balance Changes #China's #LPG commercial volume declined gradually, and in some areas the supply was slightly tight. As some refineries may complete the unit maintenance in May 2024, plus the LPG #import volume may be ample, there may be some changes in terms of LPG #supply-#demand balance. China's LPG commercial volume declined in April 2024. As of April 25, China's LPG commercial volume (#propane and #butane were not included) decreased to 52kt per day, down 4kt per day from the end of March 2024, and the commercial volume almost decreased to the same level in the same period of 2023. As of H2 April 2024, China’s LPG average commercial volume already fell below the yearly average commercial volume in 2023, 53.1kt. ...... #petroleum #gas #petrochemical #insights For more details of this article, please visit: https://lnkd.in/gWSYAKZH Register for first-hand and reliable data, reports and insights: https://intl.sci99.com/

Feb #China #MTBE #Export Saw M-O-M Rise of 54.35% According to GACC’s data, there was no MTBE import in February 2024, and China’s MTBE export volume totaled 138.1kt, up 54.35% M-O-M. In February 2024, China’s MTBE #import volume was zero, as the international MTBE prices remained relatively high. China’s #LPG import arbitrage remained negative for a long time, so no importer purchased MTBE from the international market. From January to February 2024, China’s MTBE export volume totaled 354.1kt, up 44.83% Y-O-Y. ...... #petrochemical #petroleum #gas #insights For more details of this article, please visit: https://lnkd.in/gK4SS-UN Register for first-hand and reliable data, reports and insights: https://intl.sci99.com/

#China Aug #LPG Import Saw M-O-M Decline of 11% According to GACC’s data, China’s LPG import volume was 2,899.89kt in August 2023, down 10.63% M-O-M and up 33.29% Y-O-Y. Meanwhile, China’s LPG export volume totaled 80.75kt, up 18.27% M-O-M. China’s LPG import volume was curtailed in August 2023, mainly influenced by downstream demand and import costs. China’s #propane #import volume was 2,252.19kt in August, down 11.53% M-O-M and up 41.28% Y-O-Y. Moreover, the import volume of butane was 604.65kt in August, down 5.47% M-O-M and up 8.88% Y-O-Y. Meanwhile, China’s import volume of other LPG and #olefins was relatively low. Besides, China’s import volume of liquefied ethylene, propylene, butylene and butadiene was 42.84kt, down 27.73% M-O-M and up 63.89% Y-O-Y. ...... #petrochemical #energy #gas #petroleum #insights Find full article: https://lnkd.in/gQWwF7tJ Register for first-hand and reliable data, reports and insights: https://intl.sci99.com/

Nov #China #MTBE #Export Saw M-O-M Decline of 18.23% According to GACC's data, there was no MTBE import in November 2023, and China's MTBE export volume totaled 196.6kt, down 1.19% M-O-M. From January to November 2023, China's MTBE import volume was zero, as the international MTBE prices remained relatively high. China's #LPG import #arbitrage remained negative for a long time, so no importer purchased MTBE from the international market. Meanwhile, China's MTBE export volume totaled 1,617kt from January to November 2023, up 24.14% Y-O-Y. ...... #gas #petrochemical #energy #petroleum #insights For more details, please visit: https://lnkd.in/gb_GqZ6c Register for first-hand and reliable data, reports and insights: https://intl.sci99.com/

📢 #China #refinedoil actual #exports up⬆ 4% in Feb ◼ China's Feb refined #oil exports: 3.1 million tonnes, rising⬆ 4.03% MoM, according OilChem tracking of the shipping schedules, mainly due to high export #profits -#Gasoline: 1 mil t -#Gasoil: 0.84 mil t -#kerosene: 1.26 mil t ◼ Proportion of refined oil exports by major refineries #CNPC: 39% #Sinopec: 22% #SinoChem: 15% #CNOOC: 10% ..... 👇 𝐌𝐨𝐫𝐞 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬: https://lnkd.in/gzi_W8zc #oott

The liquefied petroleum gas (LPG) sector in Bangladesh is in serious crisis. About Two-thirds of the 30 LPG companies in the country are now struggling with an everyday task that has become extraordinarily difficult, that of opening Letters of Credit (LCs) to import this indispensable cooking fuel which has also become the go-to for industries and automobiles. #LPGgas #lpg #energysector #Dollarcrisis #TBSNews

📢 China's #LPG #imports fall⬇ in Oct but set to rise⬆ in Nov #China's total LPG imports are estimated to have reached 2.90 million tonnes in October, down⬇ nearly 10% from 3.22 million t in September, primarily due to lowering↘ #PDH plants' operating rates amidst rising↗ imported LPG prices. But the imports look set to grow⬆ slightly in November on expectations of improving demand in chemical and heating sectors, according to OilChem's survey To be specific, China's refrigerated LPG imports in October stood at 2.68 million t, down 2.66% MoM while rising 9.17% YoY, data from OilChem showed. The decrease was attributed to... 👇 Check out the estimations for November: https://lnkd.in/gmqpyHcn #gas #LPGprice #propane #energy #chinaenergy

The import demand for US LPG has been dampened by the petrochemical industry's slow performance and a mild winter. This, along with expectations of increased supply, suggests a bearish outlook for 2024. 🇺🇸 In 2024, China plans to increase its propane dehydrogenation (PDH) capacity by 4.8 million tons per year with the addition of seven new units. 🇨🇳 Since November, the implementation of restrictions in Panama has led to a significant increase in VLGC rates. Despite initial assumptions, disruptions in long-haul LPG trade and tensions in the Middle East could have an intermittent impact. Check out the LPG World editorial by Argus Media for more information: https://okt.to/THZUCB Stay updated with Argus by signing up here: https://okt.to/JMiZUe #lpg #fuels #US #China @Argus Argus Media

📝 Annual Reports Released! 🔹 𝐌𝐓𝐁𝐄 𝐀𝐧𝐧𝐮𝐚𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐜𝐨𝐯𝐞𝐫𝐬: 2023 𝐑𝐞𝐯𝐢𝐞𝐰 + 2024 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 In 2023, China's #MTBE #exports reached 1.8812 million tons, ⬆26.63% YoY. December saw the highest export volume of the year, with 244,500 tons, accounting for 13.00% of the total exports for 2023. The main reason for this significant increase was the ample arbitrage opportunities available in November, leading to a higher number of MTBE #export orders and thus a substantial rise in export volume. 👇 To gain more insights about China #energy & #chemical market: https://lnkd.in/gF9JEhdi #gasoline #refinedoil #oil #crude #oilproducts

📢 China's June #LPG imports remain high on growing butane demand China's #LPGimports sustained at a high level in June 2023, boosted by strong butane imports due to demand recovery. The country imported 3.30 million tonnes of LPG, including both #propane and #butane, which fell merely 0.53% month on month while rose 33.71% from a year ago, data from the General Administration of Customs of China (GACC) showed. Falling imported #LPGprices, recovering #PDHplants' operating rates and improving butane demand from the residential sector on rising temperature all contributed to high imports. Data from OilChem showed that China's PDH plants operated at an average run rate of 80% in June, an increase of 5 percentage points compared to May. 🔗 Detail: https://lnkd.in/gZYkNimD #LPGtrading #lpgmarket #asia #gas #oilgas #naturalgas