World LPG trade showing signs of slow recovery

03/25/2002
The world's LPG trade is slowly but steadily recovering from being hit by the global economic recession in general and by the US recession in particular as well as by warm weather patterns in its large North American markets. The results have been slumping prices and burgeoning storage volumes. In early 2002, signs are suggesting an increase in demand by petrochemical users, responding not only to increased demand for petrochemicals but also to those low LPG prices. And the scenario for the industry through 2003 looks positive before turning down again during 2003-05. Click here to enlarge imageOn the supply side, production of LPG will increase from the North Sea as well as from the...
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