China imported 319,850mt of LPG in May, up 10% from the previous month, according to data released by the General Administration of Customs.
Chinese importers were active in purchasing May LPG cargoes, stimulated by bullish sentiment in domestic market in April, market sources denoted.
The nation’s LPG imports added up to 1.11-mil mt in the first five months of this year, up 17% compared with a year earlier, showed the data.
China recorded 103,753mt of LPG exports in May, up 7% on month, the data also indicated.
Sinopec Hainan refinery again exported LPG in the month, which explained the increase, market sources pointed out.
China’s LPG Imports & Exports in May’11 | Unit: -mt | ||||
May’11 | MOM % | YOY % | Jan-May’11 | YOY % | |
Imports | 319,850 | 10% | 16% | 1,110,511 | 17% |
Exports | 103,753 | 7% | 35% | 521,446 | 66% |
Source: General Administration of Customs of PRC | |||||
