Topping Off…
…U.S. LPG exports to China rose from 5.9 MMbbl in the first quarter of 2015 to 8.7 MMbbl in the second quarter, peaking at 3.3 MMbbl in April before slipping to 2.4 MMbbl in May and then rebounding to 3 MMbbl in June. Those volumes outpaced exports to Canada and Mexico, historically the top two export destinations. China’s LPG import demand has surged as propane dehydrogenation (PDH) plants have come online, with U.S. supplies soaring to 14.6 MMbbl in the first half of 2015 from nearly zero at the same time in 2013…
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