US Ethane Exports to China Hit New Roadblock with Licence Requirement

Illustration picture of U.S. and China flags
China and U.S. flags are displayed alongside a miniature worker in this illustration picture taken November 7, 2024. REUTERS/Florence Lo/Illustration

Summary

  • Two VLGCs wait to load ethane for China -Kpler, LSEG
  • 13 tankers due to load ethane for China in June -Kpler
  • Enterprise warns ethane, butane exports to China could fall
(Reuters) – Chinese purchases of U.S. ethane, a key petrochemical feedstock, face fresh uncertainty after the Commerce Department told exporters to seek licences to export to China, according to trade sources and shipping data.
Washington ordered a broad swathe of companies to stop shipping goods, including ethane and butane, to China without a licence and revoked licences already granted to some suppliers, Reuters reported on Wednesday.

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