China Petrochemical Demand 2026-2030: Capacity Shifts Toward Kerosene, LPG, and Naphtha
UBS Securities projects Chinese petroleum demand will peak in 2029 and turn negative after 2030, with gasoline and diesel already past their peaks. Diesel is forecast at 157 Mt by 2030, gasoline at 138 Mt, reshaping petrochemical capex toward aviation kerosene, LPG, and naphtha.
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