China spot LNG delivery price averaged Yuan 4,314/tonne as of March 27, down Yuan 35/tonne from the previous trading day, according to OilChem.
Imported LNG ex-terminal prices stood at Yuan 4,257/t today, down Yuan 17/tonne from the previous trading day, according to OilChem. The prices dropped still as the downstream players purchased on demand, and the supply picked up.
LNG sales volume by truck at coastal terminals was 48,111 tonnes on March 26, down 2.18% from the last trading day. In detail, the sales volume was 19,950 tonnes in East China, down 5.94%, 15,645 tonnes in South China, up 1.78%, and 10,878 tonnes in North China, up 1.57%, according to OilChem data.
Domestic LNG prices lacked momentum with downstream players showing flat demand.
Written by Aggie Hu, huchenying@mysteel.com
Edited by Navy Liu, liuchuanjun@mysteel.com