Podcast - China LNG market weekly take-away: prices climb as costs firm up

China's LNG prices climbed last week, driven by rising costs and real demand, not speculation.

A higher feedstock gas auction price pushed up production costs, and sellers responded by pushing prices higher too. Despite a surge in imports, plant inventories kept falling, showing that demand is genuinely absorbing supply. With costs still rising and seasonal demand picking up, prices are expected to keep climbing next week, just at a slower pace.

Key takeaways:

• Feedstock gas costs rose, lifting production costs and pushing prices higher.
• Imports nearly doubled, but plant inventories still fell - demand is outpacing supply.
• Prices are forecast to keep rising in upcoming week, though more gradually than the week before.

For the full analysis and data behind today's discussion, contact us at inquiries@mysteel.com for a trial read of the latest China LNG Market Weekly Report by Mysteel OilChem.

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