Energy
0

Iran LPG Exports to Rebound in Nov.

Iran LPG Exports to Rebound in Nov.
Iran LPG Exports to Rebound in Nov.

Iran's liquefied petroleum gas shipments are set to reach 440,000-450,000 tons in October compared with 556,000 tons exported in September, largely to Asia, and are expected to rebound in November, trade sources said.
Exports up to Oct. 13 were around 220,000 tons, the sources added, S&P Global Platts reported.
"The export volume in October will be lower in comparison to September. The export volume is fluctuating between 450,000 tons/month and 530,000 tons/month," a trade source said.
"November is estimated to be the same as September, in case we don't face shutdowns."
Iran's LPG exports were hovering near two-year highs at around 500,000 tons/month since July-August and rose further in September. This, together with volumes in October and November, would help meet recovering Chinese demand, as more propane dehydrogenation (PDH) plants resume operations after undergoing maintenance.
Yantai Wanhua Chemical restarted the 750,000 tons/year PDH plant on Oct. 13, a company source said, after shutting it on Sept. 10 for 40 days.
Fuji Petrochemical, a subsidiary of Oriental Energy, resumed operations of its PDH plant in eastern Zhejiang Province around mid-September following maintenance since early August.
 

Add new comment

Read our comment policy before posting your viewpoints

Financialtribune.com