Firm LPG shipping costs to have lasting impacts on Asian importers
- India and China increased imports of US LPG in April, and are set for another rise in May as MEG cargoes remain unavailable
- Change in trade flows expected to stay to some degree even after the Hormuz crisis is resolved as importers look to diversify risks
- The inelastic nature of LPG demand is set to keep imports from the US flowing despite higher prices
The Hormuz crisis is set to cast long-term impacts on Asian buyers with demand destruction touted as a possible outcome amid changing trade flows
