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Economy

Coronavirus Mitigation Equipment Demand Bucks South American Annual Downturn in LPG Offtake Trend

Source: https://clipperdata.com/coronavirus-mitigation-equipment-demand-bucks-south-american-annual-downturn-in-lpg-offtake-trend/

Yesterday, I talked about the usual downturn in LPG offtake at this time of year in South America. There is typically pressure on imports to countries like Chile and Brazil due to less demand for LPG heating fuel. This year, however, there is more demand for coronavirus mitigation equipment that uses LPG feedstock to produce plastics and films. Also, the reduction in driving caused by the virus has weighed on Latin American refineries’ production of gasoline. That, in turn, has reduced refinery production of LPG in the region, and thus boosted LPG imports.

Brazilian LPG imports peaked this year in May at 122,000 bpd and are 92,000 bpd this month, which is 88% above a year ago. The average low point in the last five years has been 51,000 bpd, reached in January. The US is the largest supplier to Latin America, and more LPG appears to be on the way. US loadings destined for Latin America are 188,000 bpd so far this month. That is up slightly from 181,000 bpd in October, but up more than 100% from a low point reached in August at 93,000 bpd. It is also stronger than the 127,000 bpd reached in November 2019.

To learn more about the data behind this article and what ClipperData has to offer, visit https://clipperdata.com/.

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ForwardKeys

ForwardKeys is one of the leading travel analytics firms that provides investment firms with alternative and predictive data on the travel industry. Data is offered both on the demand and the offer-side of the aviation market.

Actual Air Reservations is an aggregation of flight bookings made via the Global Distribution Systems. Exclusive agreements make that global travel data is available, including regions that are generally difficult to track. This data contains valuable insights into the profile, behaviour, and impact of events on past, present and future air travellers.

Seat Capacity provides insights into the scheduled flights from 99% of global commercial airlines.

Financial institutions use this data for artificial intelligence and predictive models to forecast the performances of businesses. Combined, the datasets can provide insights into the financial health of businesses operating in the travel and tourism industry. This list contains companies like airlines, airplane leasing companies, oil companies, hotels and travel agencies.