Commodities 2023: China LPG imports set to grow double digits in 2023 as PDH plants eye stable feedstock

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China’s LPG imports are projected to grow double digits in 2023 on expectations of competitive feedstock as supply stabilizes, though demand from propane dehydrogenation plants could be moderated by a gradual, yet tentative, recovery in petrochemicals margins. The outlook is murky for China’s steam crackers as increased naphtha from new refineries in the Middle East is expected only in the…