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US LPG exports remain at multi-year highs but have been unable to curb a growing surplus weighing heavily on domestic prices
Middle East exports have surprised on the upside in May, but supplies could fall in the coming weeks. Ample supplies from the US should keep prices subdued
In Asia, China displayed voracious import appetite in April/ May, which is likely to slow in the near-term as temporary support factors fade. In contrast, South Korea and Japan’s LPG imports fell drastically in the same period but are likely to rebound