The Wall Street Journal reported last week that propane prices in the United States had shed 15% since the tariff tit-for-tat began, and that prices for the tankers that carry the commodity to export markets had taken a dive as well. “These two markets are linked and they won’t be able to unlink.” The twist is that since the last time the United States and China got into a tariff war, China had a lot less petrochemical capacity and, consequently, demand for propane. China’s demand for fuels has been undermined by the surge in EV sales in recent years and the introduction of LNG-powered trucks, which may have led to a peak in diesel demand, according to Sinopec.
Author: Irina Slav
Published at: 2025-04-21 22:00:00
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