A forecast of Chinese LPG demand for this year is being lowered by over 2 million tonnes in the wake of the fallout from the novel coronavirus (Covid-19) impacting the LPG carriers shipping cargoes in and out of the country.
In a briefing note broker and consultant Poten & Partners said the virus is having “a significant effect” on the Chinese LPG market which is expected to decrease LPG demand by 3% for the year on the outfit’s previous forecast from a month ago.
