Chinese LPG demand to fall by 3% due to coronavirus
China’s slowdown in response to the coronavirus outbreak is likely to reduce the demand for liquefied petroleum gas by 3% this year. This will cut the demand for LPG shipments, upsetting freight rates
If prices are depressed further, some of the cargoes will most likely be sold to buyers in other countries such as Indonesia, Japan, South Korea and India, say Poten & Partners
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