W H O   W E   A R E
BAKEROIL

Is an energy and commodities trading company based in Singapore. Bakeroil conducts business in multiple countries including Japan, South Korea and China. Our goal is to source for more raw materials to meet the growing demand in China.

 

As one of the leading independent physical commodity trading houses, Bakeroil purchases and sells commodities globally and have exceptional coverage for the increasing demand for Olefin in China. To facilitate the ever-increasing demand, we increase the volumes traded on the Far East Olefin Market. The Olefins that Bakeroil trades in comprise of Propane, Butane, Iso-Butane, Propylene and Ethylene.

SEE MORE >

BAKEROIL

WHAT WE DO

Bakeroil trades and supplies raw materials, such as Propane, Butane, Propylene, to the countries in Far East Region, mainly Japan, South Korea and China. China is one of our biggest target markets, with the demand for Propane and Butane (LPG) having been on a rapid rising trend since China began importing LPG via pressurised vessels since the 1990s. China now has a yearly import volume of approximately 116.7kT and has become the largest importer of LPG in Far East Asia, far exceeding countries like South Korea and Japan. The reason for such growth in demand can be attributed to the construction of PDH plants in China, and we see it as an opportunity to our advantage.

SEE MORE >
W H AT . W E .S E E

OUR MARKET VIEWS

market views:

Liquefied petroleum gas (LPG) is mainly composed of propane and butane, some of which also contains propylene and butylene. LPG is generally obtained from oil and gas fields, refineries or ethylene plants, mainly for civil fuel, alkaline cracking, propane dehydrogenation (PDH) to propylene and other end uses. In recent years, the increasing demand for chemical raw materials has become an important driving force in the global LPG Market...

SEE MORE >

OUR MARKET VIEWS

Market gap:

We see several existing gaps in the LPG market, these gaps are present in Asia Pacific, Europe and Latin America. Areas in which the market and exports are in surplus include the Middle East, followed by Africa and Eurasia. In recent years, the United States has significantly increased its production and has made a turnaround from being predominantly importing LPG to predominantly exporting.

SEE MORE >
NEWS CENTER

SEE MORE >