Norazlina Jumaat

Singapore-listed BW LPG, an owner and operator of LPG vessels, expects its current earnings to continue to be supported by trading inefficiencies and a shortage of available vessels on the US-Far East trade amid the Middle East conflict, it said June 3.

This is part of the COMMODITIES 2026 series, where our reporters bring you key themes that will drive commodities markets in 2026. Chinese imports of US propane are not expected to rebound significantly in 2026, following a decline in 2025 due to trade tensions between the two countries, even as new propane dehydrogenation facilities in China are ready to be commissioned, according to Chinese trade sources and analysts.

China and India -- the world's two largest buyers of LPG -- took less LPG in October, with deliveries dropping 5.77% and 2.18% from September's 2.883 million metric tons and 2.201 million mt, respectively, the latest S&P Global Commodities at Sea data showed Nov. 4. China's LPG inflows in October consisted of 2.225 million mt of propane and 658,000 mt of butane, while India's comprised 1.158 million mt of propane and 1.043 million mt of butane, CAS data showed.