China has begun buying U.S. liquefied petroleum gas (LPG) again after a hiatus o...
), a manufacturer using LPG to make petrochemicals - have been granted the tariff waivers, according to two veteran LPG traders, an investment officer and analysts at IHS Markit.
“U.S. LPG provides us a diversified source of supply to keep our overall import cost low,” said Tan Yuwei, an investor relation officer with China Gas, adding that the firm has booked 60,000 tonnes of U.S. fuel for late April arrival. China may have booked an estimated five U.S. cargoes totaling 220,000 tonnes so far, said a Beijing-based IHS analyst who also declined to be named as he is not authorized to speak to the media. This analyst said a slow rebound in Chinese petrochemical production following the coronavirus outbreak could hold back purchases.
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