China spot LNG delivery price averaged Yuan 4,185/tonne as of April 15, down Yuan 1/tonne from the previous trading day, according to OilChem.
Imported LNG ex-terminal prices stood at Yuan 3,959/t today, down Yuan 9/tonne from the previous trading day, according to OilChem. The prices were down with rising supply from the domestic market.
LNG sales volume by truck at coastal terminals was 59,997 tonnes on April 14, down 1.92% from the last trading day. In detail, the sales volume was 22,071 tonnes in East China, down 3.67%, 22,050 tonnes in South China, up 0.38%, and 13,461 tonnes in North China, down 2.44%, according to OilChem data.
Domestic LNG prices are projected to remain on the downtrend with mounting market competition.
Written by Aggie Hu, huchenying@mysteel.com
Edited by Navy Liu, liuchuanjun@mysteel.com
