Accueil Non classé Flows of LPG for March from US Gulf Coastline to NWE expected to fall from Feb

Flows of LPG for March from US Gulf Coastline to NWE expected to fall from Feb

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. biocide products of LPG from the US Gulf Shore to Northwest Europe over the course of March are anticipated to hit around 176,000 mt, down a little from February, according to information from cFlow, S&P Global Platts trade flow software.

Four VLGCs are anticipated to get here in Belgium, the Netherlands or France by the end of March, just about one anticipated in the second half of the month, according to cFlow data.

The 54,509 dwt Opposition is expected to show up in Le Havre, France from Port Arthur, Texas by the end of Monday, according to cFlow, after being rerouted from an original Rotterdam location.

The 50,591 dwt Mont Ft is expected to get here in Antwerp from Freeport, Texas by Wednesday; the 53,854 dwt is expected to arrive in Flushing, in the Netherlands on March 22; and also the 58,063 dwt BW Cedar is anticipated to arrive in Flushing on March 25.

The Mont Gele, which was initially expected to arrive in Northwest Europe on its first transatlantic voyage from Houston, was rerouted to Korea previously in the month.

That price quote is higher than the initial vessels seen for the first fifty percent of March, when simply one vessel was anticipated to show up, however is below February’s quote of 240,000 mt.

VLGCs going across the Atlantic from the US Gulf Coastline to Northwest Europe normally offer the lp market in the area, where the product is used for inland heating throughout winter season and also as a petrochemical feedstock.

Market players have stated adequate product is expected to get here in the region for March, consisting of additional freights heard to be expected from the United States East Coast. Need for that product is mostly from petrochemical gamers, who use gas as an alternative feedstock when rates are competitive.

But market participants have actually said numerous petchem customers have actually currently struck at or near their optimal demand for gas, and more growth is unlikely, specifically with a reasonably brief winter season in Europe this year softening home heating need.

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