The US has boosted gross sales of liquefied pure gasoline to China this yr, though the surge might not final if the incoming Trump administration collides with Beijing over commerce.
China imported 63% extra of the super-chilled gas from the US within the first 10 months of the yr in comparison with the identical interval in 2023, in keeping with Chinese language customs knowledge launched on Wednesday. That lifted the US to fifth within the roster of Beijing’s suppliers, behind Australia, Qatar, Russia and Malaysia.
Though the three.9 million tons shipped to date this yr is simply about 6% of China’s whole, Chinese language consumers have contracted for 14 million tons of US LNG ranging from 2026, in keeping with BloombergNEF.
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If Washington presses forward with a threatened 60% tariff on Chinese language items, Beijing’s retaliation might embrace duties on American gasoline. That’s what occurred over the last commerce battle when Trump was in workplace, which introduced US gasoline exports to China to a juddering halt for a lot of 2019.
After all, China might additionally use its gas-buying heft as a commerce negotiating chip, promising to purchase extra of the gas from the US in an try and slim its commerce surplus.
On the Wire
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China’s Luckin Espresso agreed to purchase an equal of 4 million luggage of beans from the world’s prime exporter Brazil between 2025 and 2029, signaling continued demand from one of many quickest rising markets.
China’s CATL is in talks to ascertain battery recycling operations in Europe, including to its footprint within the area as the corporate prepares to start out cell manufacturing in Hungary.
The Week’s Diary
(All instances Beijing except famous.)
Wednesday, Nov. 20:
- China units month-to-month mortgage prime charges, 09:00
- China’s third batch of Oct. commerce knowledge, together with nation breakdowns for power and commodities
- CCTD’s weekly on-line briefing on Chinese language coal, 15:00
- China Automotive Charging and Battery Swapping Convention in Taiyuan, Shanxi, day 1
- China Intl Lithium Convention in Chengdu, Sichuan, final day
- China Intl PV and Storage Convention in Chengdu, Sichuan, final day
Thursday, Nov. 21:
- China Automotive Charging and Battery Swapping Convention in Taiyuan, Shanxi, day 2
Friday, Nov. 22:
- China’s weekly iron ore port stockpiles
- Shanghai change weekly commodities stock, ~15:00
- China Automotive Charging and Battery Swapping Convention in Taiyuan, Shanxi, final day
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