LPG in World Markets: Med demand to recover slowly in 2H

LPG imports into the Mediterranean region remain depressed so far in 2Q as higher demand from the petrochemical sector was offset by lower demand from retail, commercial and autogas sectors due to Covid-19 related lockdowns/restrictions in major consuming countries like Turkey, Morocco, Italy and Spain. Demand is expected to slowly recover starting in June with the expected easing of lockdown measures and rollouts of the vaccine driving higher imports.

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