China butane operating rate rebound tapers, upside capped

Source: Mysteel Aug 11, 2026 15:53

China's butane deep processing operating rates rebounded in Aug 2026 yet are capped by imports, margins, and US-Iran geopolitical risks.

US-Iran geopolitical strains have roiled global LPG supply chains this year. Better shipping conditions in the Strait of Hormuz lifted China's July butane imports and revived operating rates at domestic butane deep-processing units. China Butane Deep Processing Operating Rate, 2026 (Unit: %) Source: OilChem China's butane downstream plants have experienced significant run-rate

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