China has choked back on imports of LPG from the United States, traders and analysts said, turning to the Middle East for extra supplies amid the two countries’ trade dispute. China bought nearly 3.6 million tonnes of U.S. LPG in 2017, making the United States the country’s second-largest supplier of the fuel used in petrochemicals, as well as for cooking, transport and heating. However, U.S. imports have come off dramatically over the course of 2018, before stalling completely in late August when China imposed an additional 25% tariff on over 300 U.S. goods, including LPG, in retaliation for U.S. tariffs. The U.S. last year accounted for about 20% of China’s total LPG imports, based on Thomson Reuters calculation. The U.S. gap is being filled largely by Qatar, the United Arab Emirates, Saudi Arabia and Kuwait, analysts said.
Sources:Arrow
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