China spot LNG delivery price averaged Yuan 4,373/tonne as of January 24, down Yuan 15/tonne from the previous trading day, according to OilChem.
Imported LNG ex-terminal prices stood at Yuan 4,530/tonne today, down Yuan 10/tonne from the previous trading day, according to OilChem. The prices were little changed amid stabilizing supply and poor demand that hit the floor.
LNG sales volume by truck at coastal terminals was 21,504 tonnes on the previous trading day, down 20.62%. In detail, the sales volume was 10,500 tonnes in East China, down 18.3%, 5,208 tonnes in South China, down 15.65%, and 4,788 tonnes in North China, down 30.28%, according to OilChem's data.
Domestic LNG prices are expected to stabilize as the transactions stall as the snows in North China hinders the road transportation.
Written by Aggie Hu, huchenying@mysteel.com
Edited by Navy Liu, liuchuanjun@mysteel.com
