CHINA’S PETROCHEMICAL DEMAND DAMPENED DUE TO CORONAVIRUS OUTBREAK

Highlights:

• Weekly imports fell to 187,000 mt compared to the country’s average volume of 340,000- 490,000 mt.

• Gradual recovery in demand for PDH plants is estimated, but demand at households are still in low levels

Even after news of the deadly virus emerged, China's weekly LPG imports were expected to be around 250,000 mt in the first week of February. It....