China's LPG demand growth seen slowing

摘要

China's LPG demand growth in 2016 is expected to slow down to 8-10% from 21% in 2015 as requirements from petrochemical plants and industries ease, according to analysts. Bernstein Energy forecast China's LPG demand growth to slow to around 10% this year as some incentives that supported LPG demand last year have been reduced. According to Platts China Oil Analytics and the International Energy Agency, the demand growth is expected at around 9% and 8%, respectively.